DFPG Investments has launched Diversify Advisor Network as part of its long-term growth strategy to offer advisers 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 advisers, and we have an innate understanding of what advisers are seeking,” said Ryan Smith, co-founder and CEO of Diversify. “As private equity–backed aggregation continues to dominate the industry, it can create long-term uncertainty for advisers. 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.”
The newly branded Diversify Advisor Network will eventually comprise t