Diversify Advisor Network Onboards $215 Million Asset Teams

By Amit Chowdhry • Nov 10, 2024

Diversify Advisor Network has announced the addition of two advisor teams during October: Michael McHugh and Griffin Wealth Partners.

Mike McHugh joins Diversify from Robert W. Baird with 26+ years of experience. And he has over $115 million in assets under management and operates out of Cave Creek, Arizona.

Griffin, located in Florida and New York, joins Diversify from B. Riley. This team, led by Nick Tarulli, Joe Finnerty, and Pat King, focuses on comprehensive planning strategies and oversees more than $100 million in assets.

Diversify oversees $8.5 billion in assets and has been recognized for its unique multi-affiliation partnership model. And Diversify Wealth Management is a W-2 affiliation-model RIA referred to as the Partner Platform. Diversify Advisory Services is a 1099 independent-affiliation RIA platform, while DFPG Investments is a full-service independent broker-dealer.

KEY QUOTES:

“I’ve been in this business a long time. I wanted to make sure this would be my final destination, and I couldn’t be more excited about this partnership with Diversify.”

– Michael McHugh

“We chose to join Diversify because we wanted a partner that values autonomy, provides the scale necessary for growth, and operates independently of private equity influence.”

– Nick Tarulli

“We are thrilled to welcome Mike and Griffin to Diversify’s independent platform (Diversify Advisory Services). The addition of these teams reflects Diversify’s ongoing commitment to fostering its unique culture through a selective recruiting process. Each team brings a distinct perspective and will undoubtedly add tremendous value to the Diversify network.”

– Jina Horton, VP of Business Development at Diversify

“This firm was built by, and is run by advisors. A clear path of succession is a must for advisors, and we’ve solved for every step of an advisor’s journey.”

– Ryan Smith, CEO of Diversify