DFPG’s CEO, Mike Bendix, Joins IPA’s Seal Team

DFPG’s CEO, Mike Bendix, will be partnering again with the Institute of Portfolio Alternatives (IPA) as a member of their IPA Seal Team during this year’s IPA Week in Washington.  Bendix has worked in this capacity for many years on behalf of IPA, ADISA, and other industry associations. This year’s priority topic is Tax Policy: 1031 Like-Kind Exchanges, FIRPTA Parity, and Opportunity Zones. Along with his Seal Team colleagues, Bendix will meet with Senator Mike Crapo (R-ID), Senator Tom Carper (D-DE), Congresswoman Suzan DelBene (D-WA), and Congressman Kevin Brady (R-TX).

According to IPA, the purpose of the Seal Team is “Comprised of the leading tax experts and practitioners in the IPA membership, our [Seal Team] will discuss our priority tax issues including 1031 preservation, FIRPTA parity for non-traded REITS, and opportunity zones. They will meet with other tax experts on Capitol Hill from the House Ways and Means Committee and the Senate Finance Committee.”

Due to the pandemic, this year’s event will be held online.

DFPG Adds Summit Group Wealth Advisors

DFPG Investments is pleased to announce that Summit Group Wealth Advisors has joined DFPG.

Jerry Toombs, a founder of Summit Group Wealth Advisors, is an industry veteran with over 42 years of experience. In addition to Toombs, Summit Group Wealth Advisors will bring another six advisors and several staff members to DFPG’s broker/dealer and RIA.

“When we began our search,” says Toombs, “we primarily went looking for something very specific: a broker/dealer who could also be an RIA partner to help us grow our fee-based business.  We needed a platform that could provide compelling solutions for efficiently adding AUM. DFPG’s RIA, with its integrated partnership with TownSquare Capital, is exactly what we were looking for.”

Toombs continues, “DFPG’s RIA is perfect for what we do. My team and I want to remain fully independent and entrepreneurial, but we also need a dependable partner who can support our growth aspirations.  DFPG does both: we retain the independence, and they provide resources to help us grow.”

“Summit Group Wealth Advisors has a great reputation and Jerry is a well-respected veteran in the industry,” says DFPG’s CEO Mike Bendix, “we’re thrilled to welcome them to DFPG.”

Bendix noted that DFPG’s continued evolution in the RIA space makes it an attractive home for independent, fee-based advisors like Summit Group Wealth Advisors. “DFPG has long been recognized for its expertise in alternative investments.  But as we have built our RIA, including adding the fully integrated partnership with TownSquare Capital, we’re seeing more and more fee-based advisors move to our RIA and that combination is creating a real competitive advantage for our advisors.”

Bendix is also a former president of the Alternatives & Direct Investment Securities Association (ADISA), which is the nation’s largest alternative investments association.  Bendix currently serves on ADISA’s Broker-Dealer Advisory Council and Conference Planning Committee and was a previous member of its Education and Legislative & Regulatory Committees.

“We’re very optimistic about the combination of services DFPG can offer independent advisors,” says Bendix. “We still have our established expertise in alternatives, and that platform is expanding, but when you couple that with a very unique RIA platform, it offers advisors advantageous solutions for AUM growth and support services. Most importantly, it provides a better experience for their clients.”

DFPG Investments is a national, full-service, independent broker-dealer and registered investment advisor (RIA) that specializes in working with representatives who want to incorporate alternative investments, with an emphasis in investment real estate, in their business. More information about DFPG, including media inquiries, can be directed to Nick Hansen (nhansen@dfpg.com).

TownSquare Capital provides financial advisors and institutions with turnkey investment management solutions, including: business development; trading desk; asset manager due diligence, research, and selection; portfolio management and construction; and fee-billing.

DFPG Adds Fulcrum Investment Services

DFPG Investments is pleased to announce that Fulcrum Investment Services has joined DFPG.

“I was drawn to DFPG,” says Jonathan Rowland, founder of Fulcrum Investment Services, “because they provide a great platform for growing my business, along with a host of other services that will enable me to better serve my clients.”

Rowland has nearly 20 years of industry experience and is based in Salt Lake City, Utah, near DFPG Investments’ home office. “Being close to the home office was very appealing,” notes Rowland, “but I was most attracted to DFPG’s RIA platform and their culture. You can tell that DFPG focuses on its people and the solutions provided through their RIA can help an advisor like me expand my business development efforts.”

“We’re excited to welcome Jonathan to DFPG Investments,” says Mike Bendix, DFPG’s CEO. “Jonathan came to us through a referral from an industry partner, so it’s very satisfying to know that our partners trust us enough to recommend DFPG to their own clients.”

Bendix is a former president of the Alternatives & Direct Investment Securities Association (ADISA), which is the nation’s largest alternative investments association. He currently serves on ADISA’s Broker-Dealer Advisory Council and Conference Planning Committee, and he is a previous member of the Education and Legislative & Regulatory Committees.

“Jonathan is another great example of an advisor who recognizes the value in what we’ve created with our RIA,” says Bendix. “When we fully integrated our RIA with the team at TownSquare Capital, our intention was to create a platform that advisors would value as a growth engine, along with all the other things we can do. Jonathan, and the other recent additions to our firm, validate our objective and we are very optimistic about the future.”

DFPG Investments is a national, full-service, independent broker-dealer and registered investment advisor (RIA) that specializes in working with representatives who want to incorporate alternative investments, with an emphasis in investment real estate, in their business. More information about DFPG, including media inquiries, can be directed to Nick Hansen (nhansen@dfpg.com). TownSquare Capital provides financial advisors and institutions with turnkey investment management solutions, including: business development; trading desk; asset manager due diligence, research, and selection; portfolio management and construction; and fee-billing.

DFPG Adds Oxford Financial Group

DFPG Investments is pleased to announce that Oxford Financial Group, Inc., located in Salt Lake City, Utah, has joined DFPG.

Each with more than 30 years of industry experience, John W. Homer and Kimball Doxey, the principals of Oxford Financial Group, are very well known in the financial planning and insurance industries. In particular, they have established a legacy of leadership and service to several organizations and associations in the State of Utah.

John W. Homer, ChFC and CLU, is the co-founder of the Grant Taggart Symposium at Brigham Young University. For 30 years, the Grant Taggart Symposium has served as the largest continuing education forum for insurance and financial planning professionals in the intermountain states. Homer is also the past president of the Salt Lake Estate Planning Council, the Utah Chapter of the Society of Financial Service Professionals, and the Utah Association of Life Underwriters. He also served as chairman of Primary Children’s Medical Center Planned Giving Committee.

Kimball Doxey, LUTCF, is a past president of the Utah Association of Insurance and Financial Advisors and the Lakeview (Davis County) Association of Life Underwriters. He is also a member of the Utah Society of Financial Service Professionals.

“John and Kimball have been a fixture in the Utah insurance and financial planning communities for a very long time,” says DFPG’s CEO Mike Bendix. “It is a meaningful compliment to us that these two industry veterans would choose DFPG as their broker-dealer and RIA partner.”
Bendix is also a former president of the Alternatives & Direct Investment Securities Association (ADISA), which is the nation’s largest alternative investments association. Bendix currently serves on ADISA’s Broker-Dealer Advisory Council and Conference Planning Committee and was a previous member of its Education and Legislative & Regulatory Committees.

“When it became apparent that we would need a new broker-dealer and RIA, DFPG was the clear choice for us,” says Homer. “DFPG has earned a lot of respect as one of the best boutique broker-dealers around. We prefer a close partnership with our broker-dealer, and you can’t get that at larger firms. It isn’t possible to know the home office staff or executive team when there are thousands of advisors in the company clamoring for the same attention.”
Homer continues, “[DFPG] not only provides access to unique products, but they place an emphasis on values and culture, which are very important to both Kimball and me.”

DFPG Investments Adds Jim Mitchell with Financial Resources

DFPG Investments is pleased to announce that Financial Resources, Inc., located in Decatur, Alabama, has joined DFPG.

James O. (“Jim”) Mitchell, the founder of Financial Resources, is an experienced veteran in both the securities and commercial real estate industries. In 1975, Mitchell brought Reynolds Securities (now Morgan Stanley) to Decatur as the city’s first national brokerage firm. In 1985, he made a career change founding Financial Resources in Birmingham, Alabama, as an originator of commercial real estate first mortgage loans for Alabama’s leading developers. Over a 12-year span, Financial Resources financed over $700 million in non-recourse commercial loans for properties spanning the southeastern United States and Texas. Today, using his background in commercial real estate, Mitchell advises accredited investors on the opportunities of various types of securitized real estate.

“Since my background is in commercial real estate,” says Mitchell, “my focus as a financial advisor has always been in alternative investments that provide access to real estate investments.” Mitchell says he was drawn to DFPG because of their “strong reputation within the investments’ community” related to their due diligence and experience in alternative investments and securitized real estate.

Mitchell notes that during his career in the investments industry, he has been able to use his background in commercial real estate to evaluate his broker-dealer partnership. “I’ve affiliated with a few of the more notable independent broker-dealers that focus on alternative investments. None have impressed me as much as what I discovered with the team at DFPG.”

“After only a few weeks,” concludes Mitchell, “my transition is basically complete and it could not have been smoother – thanks to the outstanding and truly professional support from my DFPG transition team.”

DFPG’s CEO Mike Bendix welcomed Jim Mitchell by saying, “DFPG is pleased to welcome Jim to the DFPG family.” Bendix continues, “Jim’s business and clientele is highly specialized. He’s a veteran in the commercial real estate space and we couldn’t be more excited to partner with Jim and his clients. I am confident they’ll find great value at DFPG.”

In addition to his role as CEO at DFPG, Mike Bendix is also a former president of the Alternatives & Direct Investment Securities Association (ADISA), which is the nation’s largest alternative investments association. Bendix currently serves as chairman of ADISA’s Broker-Dealer Advisory Council.

DFPG’s Brad Anderson Accepted into FINRA’s CRCP Program

DFPG Investments announces that Brad Anderson, Senior Compliance Officer at DFPG, was one of five recipients in the country to be awarded a scholarship into FINRA’s Certified Regulatory and Compliance Professional (CRCP) Program at Georgetown University.

According to FINRA, the CRCP program provides “compliance, legal, and regulatory professionals with an in-depth understanding of the foundation, theory and practical application of securities laws and regulation.” The program is delivered through Georgetown University’s McDonough School of Business.

“There is no question that acceptance into the CRCP program is a highly-respected achievement in our industry,” says DFPG’s CEO Mike Bendix. “Brad has always held himself out as a dedicated compliance professional. On behalf of the entire DFPG Investments family, I congratulate Brad, and all the other scholarship recipients, for this unique opportunity!”

Ryan Smith, President at DFPG, was awarded a scholarship into the CRCP program in 2014 when the program was delivered through the Wharton School of Business at the University of Pennsylvania.

“I am grateful to be one of the few who were awarded a scholarship by FINRA into their CRCP program,” says Anderson. “I appreciate the important role FINRA and compliance plays in our industry, and I look forward to this educational opportunity.”

Anderson and his colleague, Will Snider, recently published an article entitled “Hidden Risks of Data Aggregation” for the National Society of Compliance Professionals.

Prior to joining DFPG in 2017, Anderson worked at Fidelity Investments in various compliance-related roles. From 2004 to 2008, Brad served in the United State Marine Corps as a Filed Artillery Cannoneer. Anderson holds the following industry registrations: Series 7, Series 9, Series 10, Series 24, Series 52, Series 53, Series 53, Series 66, and Series 79. He has a Master of Business Administration (MBA) from Westminster College and a Bachelor of Science (BS) in Global Business Management from the University of Phoenix.

DFPG’s Compliance Team Honored

DFPG is pleased to announce that several members of its compliance team have been recognized for their contributions to the industry.

Brad Anderson & Will Snider

DFPG’s Brad Anderson (Senior Compliance Officer) and Will Snider (Dir. of Systems & Processes) published an article entitled “The Hidden Risks of Data Aggregation” in the 2020 March edition of Currents, a regular publication of the National Society of Compliance Professionals (NSCP).

Craig Watanabe

DFPG’s Craig Watanabe (Dir. of IA Compliance) has been selected as a finalist for Compliance Week’s “Mentor of the Year.”

DFPG is an independent broker-dealer and registered investment advisor (RIA) with registered representatives and investment advisors located across the country. As a broker-dealer and RIA, DFPG provides a full-service platform that enables its financial advisors to more effectively serve their investors. DFPG was recently added to Inc. Magazine’s Inc. 5000 and is recognized within the financial services industry for its expertise and due diligence in alternative investments, with a focus on securitized real estate.

For more information about DFPG, including media inquiries, please contact Nick Hansen (nhansen@dfpg.com).

 

DFPG Adds Platinum Wealth Group

DFPG Investments is pleased to announce that Platinum Wealth Group, located in Newport Beach, California, has joined DFPG.

DFPG’s CEO Mike Bendix welcomed Platinum Wealth Group by saying, “DFPG is thrilled to welcome Justin Lowy and Ken Kladouris to the DFPG family.” Bendix continues, “These two advisors have established themselves in the industry by providing both traditional and alternative investment solutions to individuals, families, and businesses. I am confident they’ll be a great fit at DFPG.”

In addition to his role as CEO at DFPG, Mike Bendix is also a former president of the Alternatives & Direct Investment Securities Association (ADISA), which is the nation’s largest alternative investments association. Bendix currently serves as chairman of ADISA’s Broker-Dealer Advisory Council.

Justin Lowy, Founder and CEO at Platinum Wealth Group, says he searched extensively for the right broker-dealer and RIA. “The BD and RIA platform are key to our business,” says Lowy. “Ken and I were focused on aligning with a broker-dealer and RIA partner who could continue our access to alternative product, while providing a culture we could thrive in.”

“Because of the clientele we work with,” said Ken Kladouris, Partner and President at Platinum Wealth Group, “we need access to alternative products along with a robust RIA platform. DFPG checked all the boxes and will enable us to grow our business in new and exciting ways.”

DFPG Adds J. Freeman & Associates

DFPG Investments is pleased to announce that J. Freeman & Associates, located in Greenville, South Carolina, has joined DFPG.

DFPG’s CEO Mike Bendix welcomed J. Freeman & Associates by saying, “We’re happy to welcome Jason Freeman and his team to the DFPG family! We appreciate how much effort Jason put into exploring this partnership. He has built an impressive business with an excellent staff, and I’m confident Jason will find DFPG to be a great fit.”

Jason Freeman says he and his team searched extensively for the right broker-dealer. “This was a huge decision for me,” says Freeman. “I was extremely focused on aligning myself with the best broker-dealer partner for my clients and business. After much thought and consideration, we knew DFPG would be a long-term partner.”

Bendix noted that 2019 has been a growth year for DFPG. “In addition to Jason and his team, we’ve added some other great advisors during the first part of the year. The recent growth reflects our focus on creating a comprehensive platform, combining our broker-dealer and RIA, and offering solutions that are truly unique in the industry.”

Mike Bendix is the former president of the Alternatives & Direct Investment Securities Association (ADISA), which is the nation’s largest alternative investments association. Bendix currently serves as chairman of ADISA’s Broker-Dealer Advisory Council.

DFPG is an independent broker-dealer and registered investment advisor (RIA) with registered representatives and investment advisors located across the country.  As a broker-dealer and RIA, DFPG provides a full-service platform that enables its financial advisors to more effectively serve their investors.

For more information about DFPG, including media inquiries, please contact Nick Hansen (nhansen@dfpg.com).

DFPG Adds 24 Advisors, with $610M AUA, in Q1 2019

DFPG Investments, Inc. added 24 new advisors during the first quarter of 2019. The recent additions include advisors located across five different states, with an estimated $610M in total assets under administration.

“I am pleased to welcome these new advisors to DFPG,” says Mike Bendix, DFPG’s CEO.  “Although DFPG remains open to exploring new partnerships with advisors, our emphasis will always be on identifying the right fit.  In fact, we pride ourselves in being selective.  Our growth strategy is simple: we want long-term partnerships that are mutually beneficial and that place investors first.”

Bendix says that most of the recent growth came through DFPG’s internal recruiting efforts, led by Nick Hansen, DFPG’s Vice President of Business Development and Marketing.  He also notes that DFPG’s expertise in alternative investments and due diligence, along with its strong focus on culture, were the driving factors behind the recent growth.

“Our growth reflects how well DFPG has positioned itself in the market,” says Hansen. “These new advisors were drawn to us by our value proposition, which they know can make them more competitive in their local markets.  It’s a lot of fun to tell the DFPG story and articulate what we can do on both the broker/dealer and RIA side of the business.”

Both Bendix and Hansen say that they are currently working with many other advisors who are examining the potential fit at DFPG. “With as much dialogue as we’re having right now with advisors looking to make a move,” says Hansen, “2019 could be a strong growth year for DFPG.”

DFPG is an independent broker-dealer and registered investment advisor (RIA) with registered representatives and investment advisors located across the country.  As a broker-dealer and RIA, DFPG provides a full-service platform that enables its financial advisors to more effectively serve their investors.

For more information about DFPG, including media inquiries, please contact Nick Hansen (nhansen@dfpg.com).