SEC-registered wealth management firm Broker-dealer affiliated
Diversified Resources, LLC
As of its Form ADV filed March 25, 2026, Diversified Resources, LLC, an SEC-registered, broker-dealer affiliated wealth management firm in Warwick, Rhode Island, reported $268.8 million in regulatory assets under management across 1,240 accounts, ranking #27 among all wealth firms in Rhode Island by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 31346
- SEC file number
- 801-108432
- Registered since
- September 21, 2016
- Latest Form ADV filing
- March 25, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 0
Key figures
- Regulatory assets under management
- $268.8 million
- Discretionary
- $268.8 million (100.0%)
- Non-discretionary
- $0
- Accounts
- 1,240 (1,240 discretionary)
- Clients
- 644, approximate as reported
- Employees
- 6
- Advisory staff
- 1 performing investment advisory functions
- Average account
- $216,813
- Asset growth, 1 year
- 15.0% (from $233.7 million a year earlier)
- Asset growth, 3-year annual rate
- 15.2% (from $175.8 million three years earlier)
- Asset growth, 5-year annual rate
- 10.5% (from $163.2 million five years earlier)
- Client growth, 1 year
- 2.4% (from 629)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 3, 2016 | $109.5 million |
| October 2, 2017 | $112.6 million |
| October 1, 2018 | $125.2 million |
| October 1, 2019 | $121.0 million |
| October 1, 2020 | $150.3 million |
| October 4, 2021 | $163.2 million |
| October 3, 2022 | $184.3 million |
| October 5, 2023 | $175.8 million |
| October 1, 2024 | $209.1 million |
| September 2, 2025 | $233.7 million |
| October 2, 2026 | $268.8 million |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 129 clients | $157.0 million | |
| Individuals (other than high net worth) 511 clients | $106.0 million | |
| Pension and profit sharing plans fewer than 5 clients | $4.4 million | |
| Charitable organizations fewer than 5 clients | $1.2 million | |
| Corporations or other businesses fewer than 5 clients | $263,798 |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
Financial planning clients (Item 5.H): 600.
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Registered representative of a broker-dealer
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
None reported.
Custody (Item 9)
The firm reported no custody of client cash or securities.
Investment adviser representatives
- IARs registered with the firm
- 1
- Also registered through a broker-dealer
- 1
- Employees who are IARs (Form ADV 5.B(3))
- 1
Designations held by the firm's IARs: CFP 1.
1 of the firm's 1 IAR is registered in jurisdictions that require IAR CE. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 1 disclosure question. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Rhode Island
| Firm | City | RAUM |
|---|---|---|
| Financial Independence, LLC | Warwick | $288.1 million |
| First Financial Advisory Services Inc | Westerly | $278.0 million |
| Forbes Financial Planning, Inc. | East Greenwich | $240.5 million |
| Veritas Wealth Management | North Kingstown | $219.9 million |
| Slocum, Gordon & Co. LLP | Newport | $219.2 million |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Diversified Resources, LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: divres.com
- Wealth management firms in Rhode Island
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.