NFP acquires Utah firm

Move will expand its wealth management and retirement plan capabilities

NFP acquires Utah firm

Insurance News

By Mika Pangilinan

NFP has acquired Divergent Wealth Advisors, LLC, an independent registered investment advisor based in South Jordan, Utah.

Divergent specializes in delivering holistic wealth management solutions and retirement planning services. It has more than $675 million in assets under management as of August 2023.

As part of the acquisition, Divergent co-founders Jordan Collins and Brady Ririe will join NFP and report to Jeff Scott, senior vice president, retirement.

“We’re very excited to welcome Jordan and Brady to NFP,” said Scott. “We’re expanding our wealth management and retirement plan capabilities, while increasing our presence in the fast-growing Western US. We’re also adding a group of talented wealth advisors who are committed to delivering an amazing client experience built on a foundation of trust and fiduciary care.”

Mike Schneider, president of NFP’s Central and West regions, also commented on the significance of this acquisition and how it adds to the company’s existing presence in Utah.

“Adding Divergent builds on our well-established presence in Utah and underscores our focus on scaling our wealth management and retirement expertise in the Western US and beyond,” said Schneider. “This acquisition also reinforces that NFP is an outstanding option for growing firms that value culture and who can benefit from the resources and support NFP offers.”

In a joint statement, Divergent’s co-founders expressed their enthusiasm for joining NFP and contributing to the organization’s growth.

"We’re thrilled to join NFP and begin contributing to the success of a growing, people-first organization,” said Collins and Ririe. “We know our clients have needs beyond wealth management and retirement, and as part of NFP we have a great opportunity to introduce a breadth of solutions that addresses these needs.”

NFP’s latest acquisition comes after it announced the integration of its surety practice into its construction and infrastructure group, tapping John Hyland to co-lead the group with Bowcott and Adrian Pellen.

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