DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Diversified, LLC

Former SEC-registered adviserWilmington, DelawareCRD 123859SEC 801-112580IAPD
Latest filing Apr 29, 2024
First filing on the tape Feb 6, 2018 · 39 filings
RAUM
$1.6B
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
95%
$1.5B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
37
22 advisory (5.B.1)
Offices
9
beyond the principal office
Private funds
1
$36.3M gross assets
History
39 filings and snapshots on the tape
RAUM$1.6B as of Mar 4, 2024
Mar 11, 2019$324M then
HNW client RAUM$1.1B as of Mar 4, 2024
Mar 11, 2019$223M then
State-registered IARs (5.B.3)17 as of Mar 4, 2024
Mar 11, 20194 then
Employees (5.A)37 as of Mar 4, 2024
Mar 11, 201911 then
Private funds1 as of Mar 4, 2024
Mar 30, 20231 then
RAUM +20% over the last fiscal year+19% a year over threeIARs 14 to 17offices 5 to 9
Practice profile
derived from the filing of Apr 29, 2024; every figure names its basis
RAUM per advisor
$91.4MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
87derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.3MderivedHNW RAUM over HNW clients
Average account
$340,591derivedRAUM over accounts (5.F.2.f)
Discretionary
93%derivedof RAUM
Institutional
2.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.2derivedItem 5.A over advisors
Advisors per office
1.7derived10 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+21%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.3%derived
Compensation
percentage of assets, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisersreportedItem 5.G
Financial planning clients
1,500reportedItem 5.H
Wrap fee program
$282MreportedItem 5.I
Custody
$185M, 243 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.1B69%
  • Individuals$404M26%
  • Pooled investment vehicles$36.3M2.3%
  • Pension and profit-sharing plans$35.2M2.3%
  • Corporations and businesses$13.0M0.8%
Individual clients
1,016reported
HNW clients
463reported
Pension plan clients
8reported
Charitable clients
n/areported
Accounts
4,562reported
Financial planning clients
1,500reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$185M for 243 clientsreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Allen Michael Fisher · Chief Executive Officercontrol
    since 09/2019 · owns less than 5%
  • Todd Michael Horwath · Chief Investment Officercontrol
    since 08/2019 · owns less than 5%
  • Anthony Labarbera · Chief Operating Officercontrol
    since 01/2023 · owns less than 5%
  • Phillip David Levy · Partner/Chief Compliance Officercontrol
    since 07/2011 · owns 50% to 75%
  • Scott Andrew Rosen · Partner/Presidentcontrol
    since 07/2011 · owns 50% to 75%
Related persons
Schedule D 7.A
  • Diversified Insurance, LLC
    real estatey
  • Diversified Tax, LLC
    insurancey
Offices
Schedule D 1.F, the 25 largest
  • Wayne, PA4 employees
  • Buzzards Bay, MA2 employees
  • Alpharetta, GA2 employees
  • , 1 employees
  • Northampton, MA1 employees
  • Alpharetta, GA1 employees
  • Birmingham, AL1 employees
What changed
consecutive filings, newest first
  • Other offices · 8 to 9
    Mar 4, 2024 to Apr 1, 2024
  • Accounts · 4,044 to 4,562
    Jan 22, 2024 to Mar 4, 2024
  • Charity clients · 0.0 to unset
    Jan 22, 2024 to Mar 4, 2024
  • HNW clients · 424 to 463
    Jan 22, 2024 to Mar 4, 2024
  • Individual clients · 967 to 1,016
    Jan 22, 2024 to Mar 4, 2024
  • Assets in custody · $199M to $185M
    Jan 22, 2024 to Mar 4, 2024
  • Employees · 32 to 37
    Jan 22, 2024 to Mar 4, 2024
  • State-registered IARs · 14 to 17
    Jan 22, 2024 to Mar 4, 2024
  • Other offices · 6 to 8
    Jan 22, 2024 to Mar 4, 2024
  • Discretionary RAUM · $1.2B to $1.4B
    Jan 22, 2024 to Mar 4, 2024
  • HNW RAUM · $892M to $1.1B
    Jan 22, 2024 to Mar 4, 2024
  • Individual RAUM · $326M to $404M
    Jan 22, 2024 to Mar 4, 2024
  • Non-discretionary RAUM · $113M to $107M
    Jan 22, 2024 to Mar 4, 2024
  • Pension RAUM · $28.3M to $35.2M
    Jan 22, 2024 to Mar 4, 2024
  • Pooled vehicle RAUM · $31.6M to $36.3M
    Jan 22, 2024 to Mar 4, 2024
  • RAUM · $1.3B to $1.6B
    Jan 22, 2024 to Mar 4, 2024
  • Other offices · 5 to 6
    Jul 11, 2023 to Sep 5, 2023
  • Accounts · 2,904 to 4,044
    Nov 7, 2022 to Mar 30, 2023
  • Advisory employees · 13 to 22
    Nov 7, 2022 to Mar 30, 2023
  • BD registered reps · 3 to 1
    Nov 7, 2022 to Mar 30, 2023
  • Corporate clients · 2 to 3
    Nov 7, 2022 to Mar 30, 2023
  • HNW clients · 370 to 424
    Nov 7, 2022 to Mar 30, 2023
  • Individual clients · 629 to 967
    Nov 7, 2022 to Mar 30, 2023
  • Pension plan clients · 7 to 8
    Nov 7, 2022 to Mar 30, 2023
  • Pooled vehicle clients · 0 to 1
    Nov 7, 2022 to Mar 30, 2023
  • Assets in custody · $206M to $199M
    Nov 7, 2022 to Mar 30, 2023
  • Employees · 24 to 32
    Nov 7, 2022 to Mar 30, 2023
  • State-registered IARs · 10 to 14
    Nov 7, 2022 to Mar 30, 2023
  • Other offices · 4 to 5
    Nov 7, 2022 to Mar 30, 2023
  • Private funds · unset to 1
    Nov 7, 2022 to Mar 30, 2023
  • Discretionary RAUM · $1.1B to $1.2B
    Nov 7, 2022 to Mar 30, 2023
  • HNW RAUM · $935M to $892M
    Nov 7, 2022 to Mar 30, 2023
  • Individual RAUM · $259M to $326M
    Nov 7, 2022 to Mar 30, 2023
  • Non-discretionary RAUM · $103M to $113M
    Nov 7, 2022 to Mar 30, 2023
  • Pension RAUM · $33.6M to $28.3M
    Nov 7, 2022 to Mar 30, 2023
  • Pooled vehicle RAUM · unset to 31595008.0
    Nov 7, 2022 to Mar 30, 2023
  • RAUM · $1.2B to $1.3B
    Nov 7, 2022 to Mar 30, 2023
  • Other offices · 3 to 4
    Sep 9, 2022 to Sep 19, 2022
  • Other offices · 1 to 3
    Jun 1, 2022 to Jun 17, 2022
  • Accounts · 2,600 to 2,904
    Dec 22, 2021 to Mar 22, 2022
Signals
9 dated events
  • Diversified, LLC's advisors moved to Diversified, LLC (Wilmington, DE): 12 of 15 registered, on the same day
    Nov 4, 2024 · Firm absorbed (people side) · derived
  • Samuel Peter Varano left Diversified, Llc for Private Advisor Group, Llc (registered 2023-04-20)
    Apr 6, 2023 · Advisor changed firm · fact
  • Anthony Labarbera (Chief Operating Officer) appeared on Schedule A of Diversified, Llc
    Mar 30, 2023 · Control person joined · fact
  • Diversified, Llc reported RAUM $1.2B, up 35% from $914.8M (2021-12-22 to 2022-03-22)
    Mar 22, 2022 · RAUM change · derived
  • Kyle Hill (Partner) no longer on Schedule A of Diversified, Llc (listed 2021-08-31, absent 2021-09-03)
    Sep 3, 2021 · Control person left · inference
  • Diversified, Llc reported RAUM $914.8M, up 80% from $507.9M (2021-01-05 to 2021-03-10)
    Mar 10, 2021 · RAUM change · derived
  • Diversified, Llc reported RAUM $507.9M, up 57% from $323.9M (2019-09-26 to 2020-03-19)
    Mar 19, 2020 · RAUM change · derived
  • Diversified, Llc reported RAUM $323.9M, up 113% from $151.8M (2018-02-06 to 2019-03-11)
    Mar 11, 2019 · RAUM change · derived
  • Diversified, Llc filed its initial SEC registration (Form ADV)
    Feb 6, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026