Mike Bendix Interviewed About DOL

ADISA president, and DFPG CEO, Mike Bendix, was recently interviewed by The DI Wire for his response to the DOL announcement.  Alongside other industry executives, Bendix offered unique insight and reaction to this important rule: click here to read the article.

Mike Bendix’s Q&A with DI Wire

DFPG’s CEO Mike Bendix was recently interviewed by DI Wire regarding his ADISA presidency and the state of the industry.

Read the full article here: Q&A with ADISA President Mike Bendix

DFPG CEO, Mike Bendix, Interviewed by Financial Advisor Magazine

Mike Bendix, CEO at DFPG and President of ADISA, was interviewed by Dan Jamison of Financial Advisor Magazine for a recent article entitled “Embattled Advisors Get Relief From RCS Bankruptcy Plan” (read the article). The article discusses the RCS bankruptcy, along with a $150 million “capital infusion” to help lessen the impact on Cetera Financial Group, a network of independent broker-dealers that operated under RCS.

Mr. Bendix was interviewed for some general industry response.

Read the full article here.

 

 

 

 

 

Global Wealth Partners Joins DFPG Investments, Inc.

SALT LAKE CITY, Utah – January 4, 2015DFPG 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 (nhansen@dfpg.com).

 

 

Securities offered through DFPG Investments, Inc. Member FINRA/SIPC.

DFPG Investments, Inc. Adds 20 New Reps

SALT LAKE CITY, Utah – August 10, 2015 – DFPG Investments, Inc. (DFPG: www.dfpg.com), a national, independent broker-dealer, announced Monday that the firm has recently added 20 new registered representatives, which represent eight offices, located across six states, and that collectively manage an estimated $425 million in client assets.

“On the one hand, we’ve been fortunate to benefit from some of the industry unrest where reps are seeking more competitive solutions,” says Mike Bendix, DFPG’s CEO, who notes that the 20 reps joining DFPG come from multiple broker-dealers.

Bendix continues, “On the other hand, DFPG has deliberately positioned ourselves in the market to be an obvious choice for reps that want to maintain their independence, while operating a traditional or hybrid model, and who want to deepen their capabilities in alternative investments, particularly investment real estate.”

Bendix, who is currently serving as President-elect of the Alternative & Direct Investments Securities Association (ADISA: www.adisa.org) adds that DFPG, which operates out of Salt Lake City, Utah, also appeals to investment representatives that value the firm’s unique culture, commitment to compliance, and competitive payouts, in addition to being recognized as an industry leader in alternative investments and investment real estate.

“DFPG is a value-add partner for reps who are seeking to align with a broker-dealer that offers the culture, resources, and commitment to help build their businesses,” says Bendix.

Ryan Smith, DFPG’s President and CCO, says that “we get a lot of inquiries from reps that feel lost in the shuffle or who feel like they aren’t getting the support they need from their broker-dealer to be successful.” Smith continues, “Frankly, we completely understand that DFPG isn’t the right fit for every rep that calls. But, when we determine a match, we are very confident in what we can provide them.”

Smith was recently awarded one of only three scholarships into the Certified Regulatory and Compliance Professional (CRCP) program that was established by both FINRA and the Wharton School of Business.

Referring to the fact that each of DFPG’s principals (Bendix, Smith, and Dan Luke) are producing reps and operate their own branch office, Smith says that “When reps learn that we’re producers, who understand how to build and grow our practices, they begin to see that the value DFPG offers has been developed through similar experiences, needs, and ideals, as their own.”

Additional inquiries or more information about DFPG can be directed to Nick Hansen (nhansen@dfpg.com).


 

Securities offered through DFPG Investments, Inc. Member FINRA/SIPC. This is neither an offer to sell nor a solicitation of an offer to buy securities. The information contained in this press release alone cannot, and should not, be used in making investment decisions. Investors should carefully consider the investment objectives, risks, charges and expenses associated with any investment.

Industry Executive, Robert S. Holcomb, Acquires RIA, Joins DFPG Investments, Inc.

SALT LAKE CITY, Utah – June 19, 2015 – DFPG Investments, Inc. (DFPG: www.dfpg.com), a national, independent broker-dealer announced Friday that seasoned industry executive, Robert S. Holcomb, has joined the firm as a registered representative.

DFPG, based in Salt Lake City, Utah, is an award-winning independent broker-dealer that, in addition to providing traditional investment solutions and services to hybrid RIA practices, specializes in investment real estate and alternative investments.

“We’re pleased to be adding Bob Holcomb to our firm as a registered rep,” says Mike Bendix, DFPG’s CEO. “Bob is a well-respected and recognized leader in our industry. His years of experience as a BD executive certainly gives him the perspective to assess the value a firm offers its advisors.” In addition to serving as DFPG’s CEO, Bendix is currently President-elect of the national Alternative & Direct Investment Securities Association (ADISA, formerly known as REISA).

Bob Holcomb has decades of notable industry experience, which includes several executive level positions. Holcomb began his career in the financial services industry through leading many large cap IPOs. He later assumed an executive position at Thomson Financial, a respected financial services leader.

Prior to joining DFPG, Holcomb was President of First Allied Wealth Management, a division of San Diego-based broker-dealer First Allied Securities, Inc., where he worked alongside nearly a thousand financial advisors. Prior to that, Holcomb founded Greenbook Financial Services in 2004, which was later acquired by First Allied in 2006.

Holcomb says his recent acquisition of a San Diego RIA led him to DFPG. “In my experience, affiliating with the right broker-dealer is critical to an advisory practice’s success.” He says that DFPG’s specialization in real estate and other alternative investments, in addition to its robust traditional investment platform, was a significant factor in his decision to purchase the RIA.

“Over the years, it has become obvious that being competitive is largely based on finding a powerful niche and focusing your efforts. DFPG has a track record of doing exactly that. They’ve proven that they can accommodate various advisory business models, including my RIA, along with creating value in compelling areas of our industry,” says Holcomb.

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


Securities offered through DFPG Investments, Inc. Member FINRA/SIPC. This is neither an offer to sell nor a solicitation of an offer to buy securities. The information contained in this press release alone cannot, and should not, be used in making investment decisions. Investors should carefully consider the investment objectives, risks, charges and expenses associated with any investment.

DFPG Investments, Inc. Hosts 2015 Real Estate Boot Camp

SALT LAKE CITY, Utah – April 27, 2015 – DFPG Investments, Inc. (DFPG: www.dfpg.com) recently completed its 2015 Real Estate Boot Camp, an annual conference the firm hosts for registered representatives seeking deeper insight into the real estate and alternative investment markets. DFPG is an award-winning, independent broker-dealer operating from South Jordan, Utah, and specializes in servicing investment representatives, including hybrid practices, with a focus on investment real estate and alternative investments.

“Our Real Estate Boot Camp,” says DFPG’s CEO, Mike Bendix, “is intended to provide registered representatives with up-to-date information about what’s happening in the real estate sector of the economy, and the implications for those offering or managing alternative investments. It is just one of the ways DFPG is deepening our expertise and knowledge of this sector of the investment industry.”

In addition to serving as the CEO of DFPG, Mr. Bendix is President-elect of the Alternative & Direct Investment Securities Association (ADISA: www.adisa.org), the industry trade association formerly known as REISA.

“We’ve hosted our Real Estate Boot Camp for several years now, and we’re beginning to see it blossom from industry interest and exposure,” says Bendix. But the original purpose of the Real Estate Boot Camp hasn’t changed. Our sole intention is to deepen understanding of real estate trends and market conditions for representatives who want to better navigate this highly complex environment.”

Bendix says that this year’s Boot Camp brought together several industry speakers who offered presentations on their respective position within the real estate industry. “We pride ourselves in bringing together, for example, a leader in the national real estate market to present on industry trends and expectations. Then, just a few minutes later, we’re listening to an executive from a global investment bank presenting on capital markets and what’s happening in the lending industry.”

Bendix continues, “What we are able to do, as a group, is look at the aggregate flow of information presented during the Boot Camp to identify patterns and connections that underlie current and potential investment conditions in real estate investments and alternatives.”

The 2015 Real Estate Boot Camp was hosted in South Jordan, Utah and featured presentations from industry experts on the following topics: market trends across major real estate asset types; capital markets and the lending environment; understanding real estate appraisal practices; real estate finance and tools for valuation; and the growth of Business Development Companies (BDC) in the alternative investments segment.

When asked about the central takeaways from the conference, Ryan Smith, DFPG’s president and CCO, says, “There are a host of reasons why we should feel optimistic about capital markets, the real estate environment in the U.S., the activity in alternative investments, and underlying fundamentals of the economy.”

“However,” cautions Smith, “volatility in the investment industry as whole and, more specifically, within alternative investments, is something we are watching closely. In our opinion, working within the current market dynamics requires a keen eye for value and a familiarity of how various factors are influencing each other to create or eliminate opportunity.”

DFPG Investments, Inc. is a national, full-service, independent broker-dealer that specializes in working with investment representatives offering alternative investments. More information about DFPG, including additional inquires, should be directed to Nick Hansen (nhansen@dfpg.com).


 

Securities offered through DFPG Investments, Inc. Member FINRA/SIPC. This is neither an offer to sell nor a solicitation of an offer to buy securities. The information on this site alone cannot, and should not be used in making investment decisions. Investors should carefully consider the investment objectives, risks, charges and expenses associated

Ryan Smith, President of DFPG Investments, Inc., Accepted into FINRA’s CRPC Program at Wharton School of Business

Salt Lake City, Utah – January 31, 2015 – Ryan Smith, co-founder, President and Chief Compliance Officer at DFPG Investments, Inc. (DFPG) has been admitted into FINRA’s CRPC Program at the Wharton School of Business. Smith was one of only three candidates awarded a FINRA scholarship into this nationally recognized program.

FINRA has partnered with the Wharton School of Business to establish the CRPC Program, which was created to provide industry professionals an elite level of training in industry compliance and regulatory matters.

“I want to thank FINRA for this incredible opportunity and express appreciation for the scholarship they awarded to me,” says Smith. “I am truly humbled for being admitted into this prestigious program, at one of the nation’s finest business schools.”

Smith says that FINRA’s CRPC Program plays a critical role in the investments industry. “FINRA is a very important regulatory agency within our industry. The CRPC Program is their way of reaching out to industry professionals and offering training and education, with the intention of elevating the conduct and practices of executives and firms.”

In 2014, Investment News celebrated Smith as one of the top investment professionals in the nation, awarding him their 40 Under 40 award. Smith was one of eight investment professionals recognized for their entrepreneurial pursuits.

In addition to his executive duties at DFPG, Smith is also the co-founder and President ofDiversify, Inc. which is an award-winning wealth management firm based in Salt Lake City, Utah.

Visit http://www.finra.org/Industry/Education/UniversityPrograms/FINRAInstitute/ to learn more about FINRA’s CRPC Program at the Wharton School of Business. You can contact DFPG Investments, Inc. (DFPG) at www.dfpg.com, by calling (801) 838-9999, or you can email Nick Hansen at nhansen@dfpg.com.


Securities offered through DFPG Investments, Inc. Member FINRA/SIPC. This is neither an offer to sell nor a solicitation of an offer to buy securities. The information in this press release alone cannot, and should not be used in making investment decisions. Investors should carefully consider the investment objectives, risks, charges and expenses associated with any investment.

Mike Bendix Named ADISA’s 2016 President-Elect

Salt Lake City, Utah – January 31, 2015 – Mike Bendix, Chief Executive Officer and co-founder of DFPG Investments, Inc. (DFPG), has been selected as the Alternative & Direct Investment Securities Association’s (ADISA) 2016 President-elect. ADISA, formerly known as REISA, is a national trade association with over 20,000 members who offer and manage alternative investments.

The announcement that Bendix will serve as President-elect comes months after he was awarded ADISA’s 2014 “A Champion of Excellence” (ACE) award. ADISA’s annual ACE award recognizes an ADISA member who has reached the pinnacle of their career through accomplishments in their professional life, within the community, and the advancement of the industry and alternative investments.

In response to being named 2016 President-elect, Bendix said, “I am proud to be a member of ADISA, along with all the things this association does for its members and for investors. I want to thank my family, my business colleagues at DFPG, and my fellow ADISA members for this special opportunity.”

Prior to being named President-elect, Bendix served in several ADISA capacities, including the Executive Committee, the Due Diligence Forum, the Broker-Dealer Advisory Council, the Membership Committee, the Education Committee, and the Legislative & Regulatory Committee.

Bendix says that the alternative and direct investments segment of the investment industry is often misunderstood by both financial professionals and individual investors. He says ADISA “exists to promote education” and “raise the standards of integrity” among those professionals offering or managing alternative investments.

Alternative investments typically include non-traded REITs, real estate partnerships, real estate funds, Delaware statutory trusts (DSTs), tenant-in-common interests, oil and gas interests, and other securitized real estate investments.

Bendix brings over 25 years of experience in the real estate and financial services industries. He currently serves as the CEO of DFPG, a national, full-service, independent broker-dealer, and as President of Bridge Equities, Inc., which is a branch of DFPG.

Visit www.adisa.org to learn more about ADISA, or you can contact DFPG Investments, Inc. (DFPG) at www.dfpg.com, by calling (801) 838-9999, or you can email Nick Hansen atnhansen@dfpg.com.


Securities offered through DFPG Investments, Inc. Member FINRA/SIPC. This is neither an offer to sell nor a solicitation of an offer to buy securities. The information on this site alone cannot, and should not be used in making investment decisions. Investors should carefully consider the investment objectives, risks, charges and expenses associated with any investment.

DFPG’s Principals Host Mitt Romney Event

Mike Bendix, DFPG, Mitt Romney, Ryan Smith

Mike Bendix speaks at a private event (seated to Bendix’s left: Mitt Romney; DFPG’s President, Ryan Smith; Gov. Gary Herbert and First Lady Herbert).

DFPG’s principals hosted a special event with Mitt Romney in Utah last Wednesday evening (1/21/2015). The event took place at the historic Abravanel Hall, located downtown Salt Lake City, Utah. A crowd of nearly 3,000 attendees, including many local and national media outlets, filled the hall for an opportunity to hear important messages about today’s economic climate.

The event was titled “A Night with Mitt Romney: Learning to Navigate Today’s Economy,” and featured presentations from DFPG principals Ryan Smith and Dan Luke; the Governor of Utah, Gary Herbert; and the former Governor of Massachusetts and 2012 Republican nominee for president, Mitt Romney. The evening was hosted by DFPG’s vice president of business development, Nick Hansen.

Prior to the sold-out event in the main hall, DFPG hosted a smaller dinner event with Romney, Governor Gary Herbert, and a group of Utah business leaders. DFPG’s CEO, Mike Bendix, led this private event, which included some opening remarks and then introduced Romney for a unique Q&A session.

During this time, Romney answered questions regarding his experience in business and politics. He shared stories about mentors, lessons he has learned, and finding the right balance in life. For example, Romney shared how he always left his briefcase in his car when he came home from the office, in order to spend more focused time with his family.

Ryan Smith, Dan Luke, Mitt Romney, DFPG Investments

DFPG principals, Dan Luke and Ryan Smith, shake hands with Mitt Romney after a Q&A in front of a crowd of 3,000 at Abravanel Hall.

Following the private event, the crowds began to fill into the main hall. The central message of the evening was how the individual investment and financial decisions made within the four-walls of our own homes impact the local, national, and global economies. Each of the evening’s participants tailored their individual presentation to help deliver this important message.

DFPG’s principals, Ryan Smith and Dan Luke, used their presentations to focus on the individual investor and personal finance. Following Smith and Luke, Governor Gary Herbert spoke on the state of the Utah economy, during which he received ovations for a positive report on a strong and vibrant state economy. After a short intermission, Romney shared a presentation on several global and national economic topics, which included national debt and GDP, education, and household income.

DFPG Investments, Mike Bendix, Mitt Romney, Ryan Smith

Romney addresses a sold-out audience at Salt Lake City’s historic Abravanel Hall.

To the delight of everyone present, the event ended with an engaging Q&A session with Romney, which was moderated by DFPG’s Ryan Smith and Dan Luke. Smith and Luke drew their questions from attendees who had submitted them in advance. For nearly 40 minutes, Romney offered candid answers to a wide-range of questions, including advice on career management, personal finance and money management, and his hope for the future of the country.

“We couldn’t be more pleased with the event,” says Mike Bendix. “Sharing the stage with Mitt Romney and the governor of Utah, in a room full of local business leaders, was a great opportunity for DFPG. The message was powerful and people will benefit as they reflect on the wisdom that was shared.”