Diversify Advisor Network Launches Retirement Plan Advisory Services
Wealth management firm Diversify Advisor Network has launched its new Retirement Plan Advisory Services program. Leveraging the expertise of Todd Nuttall and David Gardner, who merged their firm Caliber Wealth Management into Diversify earlier this year, Diversify said the program reinforces its commitment to providing full adviser support.
Through the program, advisers have access to Diversify’s proprietary retirement plan advisory approach to provide valuable services to their business-owner clients who are responsible for 401(k) and other qualified plans. Moreover, advisers can also help plan participants with more than just clients’ retirement plan assets.
Caliber was one of three firms Diversify acquired in January 2024 to offer advisers expanded affiliation options. A fourth was acquired in April.
“Our advisers serve the wealth management needs of high-net-worth clients, including business owners who are responsible for their company’s retirement plan. When Caliber joined Diversify earlier this year, we were very excited about the platform they had built for retirement services and saw tremendous potential benefits for all our advisers, many of whom have plans already in their book that they aren’t servicing the way they want, or have passed on becoming the adviser for retirement plans along the way,” said Stuart Matheson, chief strategy officer at Diversify.
“By leveraging the capabilities of the retirement plan services team, Diversify advisers can significantly improve the experience for the plan administrators and the participants. They have also built a framework that helps the advisers capture additional wallet share from the plan participants, giving clients access to financial advice for more than just their company retirement plan. Advisers get to keep and even grow assets that they might otherwise miss out on, all without having to be experts in the intricacies of retirement plans,” added Matheson.
The program team provides comprehensive advisory services and offers access to a dedicated team of advisers and education support for plan participants. The firm specializes in plan design and plan governance, fiduciary services, participant education/person financial planning, research, investment policy statement creation/review, vendor search and monitoring, audit support, and performance reporting.
“When we partnered with Diversify earlier this year, we knew we were joining a community of like-minded advisers to expand our service offerings and strategies to clients,” said Nuttall, partner and chief commercial officer.
“With the launch of Diversify’s Retirement Plan Advisory Services, we can now share our unique retirement plan expertise and process with our peers across the network, allowing them to spend more time building relationships and serving their clients’ other wealth management needs. Leaving the heavy retirement plan lifting to us is a win for all involved,” added Nuttall.
The program, Diversify said, is the latest in their expanding suite of value-add offerings for advisers. In March 2024, it expanded its in-house internal asset management team and platform, which ranges from traditional investments to alternative investments and includes passive models, various alternative investment strategies, internal and external separately managed accounts, and unified managed accounts.
Diversify Advisor Network is a privately held, full-service independent wealth management firm. Investment advisory services are offered through investment adviser representatives of Diversify Advisory Services LLC and Diversify Wealth Management LLC. Securities offered through registered representatives of DFPG Investments LLC, member FINRA/SIPC.
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