DFPG Investments acquires RIA managing $220 million

Addition brings AUM at Salt Lake City brokerage/RIA to $1 billion.
JUL 14, 2017
By  Bloomberg

DFPG Investments Inc., a broker-dealer and registered investment adviser in Salt Lake City, Utah, has acquired Provo, Utah-based Riggs Capital Management, which manages $220 million in assets. The addition of Riggs Capital, brings DFPG's assets under management to $1 billion, according to the firm. Jay Anthony Riggs, principal of Riggs Capital, had been affiliated with Orchard Securities for a year. From 2009 to 2016, he was affiliated with Triad Advisors. He began his securities career in 1994 at Intersecurities. In a release announcing the acquisition, DFPG said it specializes in working with representatives who want to incorporate into their business alternative investments, with an emphasis in investment real estate.

Latest News

Elder fraud complaints surge past $4.8 billion as investment scams lead losses
Elder fraud complaints surge past $4.8 billion as investment scams lead losses

Fraud losses among Americans 60 and older surged 43 percent in 2024, led by investment schemes involving crypto and social manipulation.

Apollo ramps up retail push with 'New Markets' division
Apollo ramps up retail push with 'New Markets' division

The alternatives giant's new unit, led by a 17-year veteran, will tap into four areas worth an estimated $60 trillion.

Commonwealth advisors, employees, let it all hang out on Reddit
Commonwealth advisors, employees, let it all hang out on Reddit

"It's like a soap opera," says one senior industry executive.

Concerns on inflation, Social Security dampening workers and retirees' financial confidence
Concerns on inflation, Social Security dampening workers and retirees' financial confidence

The latest annual survey from EBRI and Greenwald Research sheds light on anxieties around living costs, volatility, and the future of federal income support in retirement.

Advisors handicap the brewing battle between Trump and Powell
Advisors handicap the brewing battle between Trump and Powell

It's a showdown for the ages as wealth managers assess its impact on client portfolios.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.