The Vision
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.
