Global Wealth Partners Departs First Allied Securities to Join DFPG Investments

DFPG Investments Inc., a national independent broker-dealer and RIA, announced that Global Wealth Partners, with offices in San Jose and San Diego, California, has joined the firm.

Global Wealth Partners, which was previously affiliated with First Allied Securities, brings $400 million of assets to DFPG’s wealth management and broker-dealer divisions.

Commenting on the transition to DFPG, Lou Naser, Global Wealth Partner’s founder, said, “What initially drew us to DFPG was their unique access to alternative products. We were having difficulty getting access to the types of products our clients needed. What closed the deal for us, however, were the strong values and culture present at DFPG and in their executive team.”

DFPG president Ryan Smith commented, “We are hearing from reps with many different broker-dealers and the message is consistent. There appears to be a general dissatisfaction regarding service as well as access to an adequately diverse product mix.”

According to Smith, most of the financial advisors that joined DFPG in 2015 came from larger RIAs or broker-dealers. Smith says, “The large broker-dealer model can be a good fit for many reps and advisors. However, we are finding more and more reps looking for that boutique and specialized approach that will better accommodate their investors’ unique needs.”

DFPG Investments Inc. specializes in working with representatives who would like to incorporate alternative investments in their business, with an emphasis in investment real estate.