Skip to content
The DI Wire
Click Here to Subscribe to Our Free Daily News Updates

DFPG Adds $1.25 Billion in AUM During 4th Quarter

DFPG Investments, a dually registered independent broker-dealer and registered investment advisor, announces that it added a record $1.25 billion of new assets through recruiting efforts during the fourth quarter of 2022.

“We had an active fourth quarter, and we are excited about the new additions to the DFPG family,” said Ryan Smith, president of DFPG. “We have invested a lot of money in creating an institutional quality platform while maintaining a boutique and personalized experience for our advisors. This company was built by advisors, and we know what they are looking for.  We will continue to expand the platform to meet their needs and those of their investors.”

Fourth Quarter Additions Include:

  • Grove Wealth Advisors of Santa Rosa, CA, a team of 5 advisors who joined forces from Wells Fargo, Ameriprise, NY Life and US Bank and who oversee $375 million in total assets.
  • As The DI Wire reported in October 2022, Key Advisors Group of Lewes, DE, a team of 4 advisors who oversee over $500 million of fee-based assets and who joined DFPG from Kestra Advisory Services.
  • As The DI Wire reported in November 2022, March of Conshohocken, PA, a team of 4 advisors joined DFPG from HTK and oversee more than $300 million of assets.
  • Breanne Polonia, Haddy Homampour and Peter Burnham joined DFPG with offices in Washington DC, Orange County, and San Diego. The group oversees over $150 million of fee-based assets.
  • Glide Financial of Sandy, UT led by Steve Ahlmer joined DFPG from Cetera, and oversees nearly $40 million of assets.

“We expect the momentum to continue,” said Mike Bendix, chief executive officer of DFPG.  “We believe we offer something that is different and better, and we are excited for the coming year.”

DFPG is an independent broker-dealer and RIA with registered representatives and investment advisors located across the country. DFPG focuses on alternative investments, with a focus on securitized real estate.

Click here to visit The DI Wire directory page.