Wealth manager, independent · Wilmington, DE
Diversified, LLC
Diversified Enterprises, LLC · SEC-registered investment adviser · CRD 331709 · SEC 801-130728
At a glance
Diversified, LLC is an SEC-registered investment adviser based in Wilmington, Delaware, with $2.8B in regulatory assets under management as of its Form ADV filed August 4, 2026. It reports 1,982 individual clients, 828 of them high-net-worth, holding an average of about $1.3 million each, and 53 employees. That ranks it 402nd among the nation’s 5,657 independent wealth management RIAs and 1st of 13 in Delaware. It reports 2 custodians for its clients’ separately managed accounts: SEI and Charles Schwab.
Main office 302-765-3500diversifiedllc.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.8B
- Rank among independent wealth managers
- #402 of 5,657
- Rank among all SEC RIAs
- #2,963 of 17,210
- Rank in Delaware
- #1 of 13
- Individual clients
- 1,982
- High-net-worth clients
- 828
- Accounts
- 6,570
- Discretionary
- 98% of AUM
- Employees
- 53
- Advisory staff
- 34
- Offices
- 12
Owners and executives on its Form ADV
- Andrew S. RosenExecutive Chairman
- DAVID P. LEVYChief Compliance Officer
- Michael A. FisherChief Executive Officer
- Anthony LaBarberaChief Operating Officer
- Kyle HillSenior Wealth Advisor/senior Partner
- Scott F. LavelleChief Investment Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Diversified, LLC is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names Purshe Kaplan Sterling Investments, an unaffiliated broker-dealer, as the broker-dealer its advisers are registered with.
her Financial Industry Activities and Affiliations Broker-dealer An Associated Person of Diversified is a registered representative of Purshe Kaplan Sterling Investments ("PKS"), an unaffiliated registered broker/dealer, member FINRA/SIPC.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 828 | $2.2B | 80% |
| Individuals | 1,154 | $440M | 16% |
| Pension and profit sharing plans | 11 | $62M | 2% |
| Pooled investment vehicles | 1 | $48M | 2% |
| Corporations or other businesses | 8 | $20M | <1% |
Private funds
Diversified, LLC reports 1 private funds with $48M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Diversified, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗diversifiedllc.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 2 years of filings
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- Growth over one, three and five years
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- Rank against 1,442 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Diversified, LLC manage?
Diversified, LLC reports $2.8B in regulatory assets under management across 6,570 accounts, 98% of it on a discretionary basis, on its Form ADV filed August 4, 2026.
How many clients does Diversified, LLC have?
It reports 1,982 individual clients: 828 high-net-worth individuals and 1,154 other individuals. Individuals account for about 95% of its regulatory assets.
Where is Diversified, LLC headquartered?
Its main office is in Wilmington, Delaware. It reports 12 offices in total and 53 employees, 34 of whom perform investment advisory functions.
How does Diversified, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Diversified, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: SEI and Charles Schwab. On Schedule D of its Form ADV filed August 4, 2026, it reports these amounts held: SEI ($1.9B); Charles Schwab ($411M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Diversified, LLC a hybrid RIA with a broker-dealer?
Diversified, LLC is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Diversified, LLC a fiduciary?
As an SEC-registered investment adviser, Diversified, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 1 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Diversified, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-04), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →