DFPG Investments Launches Diversify Advisor Network

DFPG Investments, a full-service wealth management firm that bills itself as “advisor-founded, advisor-led and advisor-focused,” announced the launch of Diversify Advisor Network as part of its “long-term growth strategy to offer advisors expanded affiliation options.”

The firm also announced the recent recruitment of three firms representing more than $560 million in total client assets, bringing Diversify’s assets to $5.8 billion.

“This company was built by advisors, and we have an innate understanding of what advisors are seeking,” said Ryan Smith, co-founder and chief executive officer 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.”

According to DFPG, the newly branded Diversify Advisor Network will eventually comprise three affiliation solutions “designed to provide advisors with choice and flexibility” to grow their businesses:

DFPG Investments – A full-service independent broker-dealer, with “expertise” in alternative investments, providing broker-dealer-based solutions for advisors of Diversify.

Diversify Advisory Services – An independent registered investment advisor platform that provides institutional quality services and resources to independent investment advisors.

Diversify Wealth Management – Later this year, Diversify says it will launch an affiliation model for independent advisors looking to monetize their practice and take a direct equity partnership in Diversify.

“We are proud of our long-standing reputation as a full-service wealth management platform with a distinct competitive advantage in the alternative investment space,” said Stuart Matheson, chief strategy officer of Diversify. “Our expanding affiliation structure will build on our history while enhancing our value proposition in the marketplace, where we are big enough to innovate but agile enough to actually execute, whether it’s alternative investments, technology or business-building solutions. Unlike larger firms that can hold their advisors back, Diversify provides advisors with a springboard to grow their practices.”

Diversify has had three new practices join the firm over the past few weeks, including:

INPAC Wealth Solutions, with $325 million in total client assets, is a Honolulu-based enterprise, formerly affiliated with Osaic.

KLK Capital Management of Los Angeles, an independent RIA with $141 million in total client assets, joined the Diversify platform.

Michael Collins, an advisor from Laguna Niguel, California, with $100 million in total client assets joined Diversify from Wells Fargo.

“We approach recruiting with a selective mindset that ensures the advisors and practices we bring onboard will be a good cultural fit,” said Jina Horton, vice president of business development for Diversify. “We are excited to welcome these three terrific practices to our independent platform. 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.”

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.

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