SALT LAKE CITY, Utah – January 4, 2015 – DFPG Investments, Inc. (DFPG: www.dfpg.com), a national independent broker-dealer and RIA, announces that Global Wealth Partners, with offices in San Jose and San Diego, California, has joined their firm.
Global Wealth Partners brings $400 million of assets to DFPG’s wealth management and broker-dealer divisions. This addition comes at the end of a year during which DFPG experienced a continual stream of new reps joining their firm.
“2015 was a strong year for DFPG, and we’re thrilled to add Lou Naser and the Global Wealth Partners team to our family,” says DFPG’s CEO, Mike Bendix. “Anyone who knows Lou is impressed with his character and relentless focus on doing what is best for his clients. We believe that Lou and his team strengthen the family-oriented culture we’ve work hard to create at DFPG.”
Commenting on the transition to DFPG, Lou Naser, Global Wealth Partner’s founder, says, “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.” Naser continues, “What closed the deal for us, however, were the strong values and culture present at DFPG and in their executive team.”
Reflecting on 2015, DFPG’s president, Ryan Smith, says the firm benefited from some unrest and concern in the broker-dealer industry. Smith says, “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.”
Smith observes that of all the representatives that joined DFPG in 2015, most of them 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.”
Smith continues, “Reps are growing tired of being pushed down the priority list and they want their voices heard. Unfortunately, there are many firms competing in our industry that may not be structured to accommodate this need.”
DFPG Investments, Inc. is a national, full-service, independent broker-dealer and registered investment advisor that specializes in working with representatives who want to incorporate alternative investments in their business, with an emphasis in investment real estate. More information about DFPG, including media inquiries, can be directed to Nick Hansen (firstname.lastname@example.org).
Securities offered through DFPG Investments, Inc. Member FINRA/SIPC.