DFPG Investments Launches Diversify Advisor Network

Utah-Based Firm Expands Affiliation Options, Accelerates Its Growth Strategy as it Welcomes Three Recruits with Over $560 Million in Client Assets

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DFPG Investments, the Utah-based, full-service independent wealth management firm announced that it has launched Diversify Advisor Network as part of its long-term growth strategy of expanding its advisor affiliation options.

Ryan Smith

Ryan Smith, the Co-Founder and CEO of Diversify Advisor Network emphasized that since the company was built by advisors, it has a unique understanding of what advisors are looking for in a partner, and in many cases, it’s not a private equity-backed aggregator. Mr. Smith said, “Diversify, believes there is an alternative solution, and we’re creating a multi-chassis affiliation model that is focused on maintaining a selective and boutique culture, while still providing institutional quality resources, including innovative digital technologies.”

The newly branded Diversify Advisor Network will soon comprise three affiliation solutions designed to provide advisors with the choice and flexibility needed to grow their businesses:

DFPG Investments, established in 2011, will remain a full-service independent broker-dealer, with expertise in alternative investments, providing broker-dealer-based solutions for advisors of Diversify. Diversify Advisory Services is the network’s new independent RIA platform that will look to provide institutional-quality services and resources to independent investment advisors. In the coming weeks, Diversify Wealth Management is planning to launch an affiliation model for independent advisors looking to monetize their practice and take a direct equity partnership in Diversify.

Stuart Matheson

“Unlike larger firms that can hold their advisors back, Diversify provides advisors with a springboard to grow their practices,” added Stuart Matheson, Diversify’s Chief Strategy Officer of Diversify. He believes that the firm’s expanding affiliation structure enhances the firm’s value proposition in the marketplace. Mr. Matheson went on the contend, “We are big enough to innovate but agile enough to actually execute, whether it’s alternative investments, technology or business-building solutions. That sets us apart from the crowd.”

In addition to its restructuring and rebranding, Diversify also announced the recent recruitment of three practices representing more than $560 million in client assets. These new additions bring Diversify’s total assets to $5.8 billion.

Honolulu-based INPAC Wealth Solutions, with $325 million in client assets, left Osaic for Diversify in search of a firm with a family-like culture, client-centered focus and innovative resources. KLK Capital Management of Los Angeles, a $141 million independent RIA chose the Diversify platform for its resources, technology, product access and succession planning support. And Michael Collins, a former Wells Fargo advisor from Laguna Niguel, with $100 million in client assets moved to Diversify after looking for an independent partner with a boutique feel and institutional resources.

“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.”