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HomeInsuranceNFP acquires Utah agency | Insurance coverage Enterprise America

NFP acquires Utah agency | Insurance coverage Enterprise America

NFP acquires Utah agency | Insurance coverage Enterprise America

Transfer will develop its wealth administration and retirement plan capabilities

NFP acquires Utah firm

Insurance coverage Information

Mika Pangilinan

NFP has acquired Divergent Wealth Advisors, LLC, an unbiased registered funding advisor primarily based in South Jordan, Utah.

Divergent focuses on delivering holistic wealth administration options and retirement planning companies. It has greater than $675 million in property underneath administration as of August 2023.

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

“We’re very excited to welcome Jordan and Brady to NFP,” mentioned Scott. “We’re increasing our wealth administration and retirement plan capabilities, whereas rising our presence within the fast-growing Western US. We’re additionally including a bunch of proficient wealth advisors who’re dedicated to delivering a tremendous shopper expertise constructed on a basis of belief and fiduciary care.”

Mike Schneider, president of NFP’s Central and West areas, additionally commented on the importance of this acquisition and the way it provides to the corporate’s present presence in Utah.

“Including Divergent builds on our well-established presence in Utah and underscores our concentrate on scaling our wealth administration and retirement experience within the Western US and past,” mentioned Schneider. “This acquisition additionally reinforces that NFP is an impressive choice for rising corporations that worth tradition and who can profit from the sources and help NFP gives.”

In a joint assertion, Divergent’s co-founders expressed their enthusiasm for becoming a member of NFP and contributing to the group’s progress.

“We’re thrilled to affix NFP and start contributing to the success of a rising, people-first group,” mentioned Collins and Ririe. “We all know our shoppers have wants past wealth administration and retirement, and as a part of NFP we have now a fantastic alternative to introduce a breadth of options that addresses these wants.”

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