New York City-based NFP, a property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, has acquired Divergent Wealth Advisors LLC of South Jordan. Divergent is an independent registered investment advisor that focuses on holistic wealth management solutions and retirement planning. Divergent co-founders Jordan Collins and Brady Ririe will join NFP and report to Jeff Scott, senior vice president of retirement.
“We’re thrilled to join NFP and begin contributing to the success of a growing, people-first organization,” said Collins and Ririe in a joint statement. “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.”
“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 U.S. 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.”
The acquisition of Divergent, which has more than $675 million in assets under management (as of August), closed on Aug. 7. The deal enhances value for NFP clients by enabling the company’s Utah-based group benefits and retirement plan advisory businesses to collaborate with the Divergent team and align capabilities with client needs, Scott said.
“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 U.S. and beyond,” said Mike Schneider, president of NFP’s Central and West regions. “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.”
NFP has over 8,000 employees with offices in North America and Europe.