$150 Million Team Joins DFPG Investments
DFPG Investments Inc., a dually-registered independent broker-dealer and registered investment advisor, announced that John Lady and Terry Lady of Providence Wealth Advisors in Greenville, South Carolina and Williamsburg, Virginia have joined their firm. In addition, Curt Ladd from First Financial Center in Dallas, Texas has also joined the firm. All three representatives were formerly with VSR Financial Services, and in total, these offices represent $154 million in assets.
“We talk to a lot of advisors, and there are three areas of concern that continue to surface in those discussions. First, these advisors want access to quality alternative products with a group dedicated to compliance and due diligence in this arena,” said the DFPG president Ryan Smith. “Second, they want a close relationship with their broker-dealer and RIA and they are tired of being a number. Lastly, they understand the shifts taking place in the industry and they want to make sure they affiliate with a firm who offers a robust fee-based investment advisor platform.”
Chief executive officer Mike Bendix also commented on DFPG’s growth by adding, “Our team has tried to create a brand that is recognized for an expertise in alternative investments and a family-oriented company culture. Since most of the DFPG executive team have been advisors themselves, we believe that there is strong demand in the market for what we have worked so hard to create.”
In addition to his chief executive role at DFPG, Mike Bendix is currently serving as the president of ADISA, a national association for investment professionals working in alternative and direct investments.
In other DFPG news, last month Matthew Poole joined the firm from First Allied Securities.
DFPG Investments specializes in working with representatives who want to incorporate alternative investments, with an emphasis in investment real estate, in their business.
