Diversify Advisor Network Expands with $450 Million Inventa Team Addition

Diversify Expands Its Footprint with Inventa Wealth Advisors

In an impressive move, Diversify Advisor Network, known for its advisor-led wealth management model, recently announced the addition of Inventa Wealth Advisors, a significant practice managing $450 million in assets, to its independent advisory platform. Based in Salt Lake City, Utah, Inventa is spearheaded by seasoned professionals including Travis Kell, Jason Collier, Steve Tate, Steve Williams, Chalise Westenskow, and Blair Perry. This acquisition propels Diversify's total managed assets to over $10 billion, a milestone indicating the firm's rapid growth in the wealth management sector.

In a statement, Ryan Smith, CEO of Diversify, expressed his enthusiasm about this new partnership: "We are honored to welcome the Inventa team to our Diversify family. They are a group of highly experienced advisors, and we anticipate a fruitful collaboration in taking their business to the next level."

The Inventa team has emphasized their commitment to building an enduring business that prioritizes both stability and significant advisor feedback. Jason Collier, a principal at Inventa, articulated his concerns regarding the proliferation of mergers and acquisitions within the advisory space, stating, "While these rollup activities can enhance valuations, many advisors feel relegated to mere statistics rather than valued partners in these transactions. Our focus was to find a platform that facilitates growth while also prioritizing our voices, which we found in Diversify."

A New Era for Diversify

Diversify's independent platform is designed to grant advisors the flexibility to scale their operations while still receiving essential support, fostering a culture where individual voices are heard. With the inclusion of Inventa, Diversify is poised to catalyze further growth, leveraging its multi-affiliation model that encompasses a suite of services designed to meet diverse advisor needs.

Apart from its advisory services, Diversify offers a partner platform, enabling advisors to further develop their practices. According to Smith, the aim is to ensure that advisors can chart their paths with resources at their disposal, facilitating succession planning and even equity ownership as their practices evolve.

This latest addition is a testament to Diversify's commitment to creating an advisory ecosystem that aligns with the aspirations of both advisors and their clients. The structure allows for resources to be allocated effectively, ensuring that the advisors' growth trajectory is a priority.

About Diversify Advisor Network

Established as a dynamic platform for independent wealth management, Diversify Advisor Network is helmed by industry veterans dedicated to empowering advisors. The company has cultivated an infrastructure that not only supports advisors but also fosters a culture of autonomy and partnership, enabling sustainable growth strategies. Investment advisory services through Diversify are offered via Diversify Advisory Services, LLC (DAS) and Diversify Wealth Management, LLC (DWM). Additionally, securities are handled through DFPG Investments, LLC, ensuring a robust framework for advisors engaging with the network.

By focusing on partnership, Diversify has established itself as a go-to destination for advisors looking for an innovative approach to wealth management. In light of recent developments, they remain well-positioned to address the evolving needs of the market and continue their trajectory of growth.

Conclusion

As the financial landscape continues to transform, Diversify's strategic acquisitions signify a robust response to advisors' needs for stability and a supportive infrastructure. With the integration of Inventa, the firm solidifies its reputation as a premier wealth management platform, encouraging advisors to thrive rather than merely survive amid a continuously changing environment.