DFPG Investments Launches Diversify Advisor Network

DFPG Investments, a full-service independent wealth management firm based in Utah, announced the launch of Diversify Advisor Network as part of its long-term growth plan of broadening advisor affiliation opportunities.

The newly branded Diversify Advisor Network will eventually include three affiliation packages aimed to give advisors options and flexibility as they build their practices:

DFPG Investments, founded in 2011, is an independent broker-dealer that works with Diversify advisors.

Diversify Advisory Services is the network’s new independent RIA platform.

Diversify Wealth Management, which is expected to launch before year-end, is an affiliation model for independent advisors looking to monetize their practice and take a direct equity partnership in Diversify.

Diversify Advisor Network co-founder and CEO Ryan Smith stressed that because the company was founded by advisors, it has a unique grasp of what advisors are looking for in a partner, and in many situations, it is not a private equity-backed aggregator.

“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,” said Smith.

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

Honolulu-based INPAC Wealth Solutions, which has $325 million in assets, formerly was affiliated with Osaic. Los Angeles-based KLK Capital Management is an independent RIA with $141 million in assets. Laguna Niguel, CA-based advisor Michael Collins, who oversees $100 million in assets, joined Diversify from Wells Fargo.