Full-service independent wealth manager DFPG Investments has launched the Diversify Advisor Network to offer expanded affiliation options to advisors who want to grow their independent practice.
The brand will eventually comprise three parts: DFPG Investments, a broker-dealer offering for Diversify advisors; Diversify Advisory Services, an independent RIA providing services to independent investment advisors; and Diversify Wealth Management, an affiliation model offering direct equity partnership, which is expected to launch soon.
“This company was built by advisors, and we have an innate understanding of what advisors are seeking,” said Ryan Smith, co-founder and CEO of Diversify. "As private equity-backed aggregation continues to dominate the industry, it can create long-term uncertainty for advisors. At Diversify, we believe there is an alternative solution, and today's announcement is the first step. As you'll see in coming months, we're creating a multi-chassis affiliation model that is focused on maintaining a selective and boutique culture, while still providing institutional quality resources."
The firm has also announced that three new practices have joined its platform in recent weeks, with combined assets under management of more than $560 million taking the firm’s total AUM to $5.8 billion:
Jina Horton, vice president of business development for Diversify, says that it’s important to bring in advisors and practices that are a good cultural fit.
“We are excited to welcome these three terrific practices to our independent platform,” she said. “They each have unique business models but share a common goal of personalized client service that sets them apart. They joined Diversify for our service culture and commitment to providing them with the technology, tools, and resources they need to take their businesses to the next level.”
ASA reacts as regulator drops no-deny policy, freeing firms and individuals to publicly dispute allegations after reaching settlements.
Joel Frank allegedly sold more than $39 million worth of investments in the Equilus Funds to more than 90 investors,
The Charity Parity Act would eliminate a costly IRA rollover requirement that blocks direct charitable transfers from workplace retirement plans.
A last-minute court filing ends a case against the federal tax-collecting agency that had drawn unprecedented conflict-of-interest questions from Democratic critics.
Advisors discuss their use of AI now and how it will change going forward
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
