Diversify Advisor Network acquires 3 wealth management firms, boostings assets to $7 billion

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.

Jan 12, 2024
8 months ago

The wealth management firm Diversify Advisor Network is expanding its affiliation options by launching Diversity Wealth Management and acquiring three Utah-based firms: Caliber Wealth Management, FirstPurpose Wealth and Diversify Inc., which collectively oversee about $2.1 billion in assets. 

The new employee affiliation partnership model provides advisers a way to monetize their practice and take direct equity in the larger network.

In total, the network now oversees more than $7 billion in assets.

“We are focused on giving advisers choice and flexibility in a boutique environment with institutional-quality resources," said Ryan Smith, co-founder and CEO of the Diversify Advisor Network. "We strive to be the forever home for highly successful advisers, whether they want to retain their independence or monetize their practices through a more aligned channel."

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.