Salt Lake City-based hybrid DFPG Investments has announced that RCM Investments has joined its platform.
RCM Investments, based in Provo, Utah, currently manages $220 million in client assets. The firm decided to affiliate with DFPG due to its capabilities around alternative investments, according to Tony Riggs, founder and CEO of RCM Investments.
“We are thrilled about our new partnership,” said Riggs in a released statement. “DFPG will provide our clients with access to unique products and robust due diligence. From their transition process to their branch-level support initiatives, DFPG was the clear leader among the many options we considered."
Earlier this month, DFPG announced the addition of Greenbook Wealth Management, an Englewood, Colo.-based firm with $80 million AUM. Through July, the dually registered independent broker-dealer and investment advisor has increased its total representative count by more than 13 percent this year.