Diversified Enterprises provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, tax planning, and tax preparation. Financial planning was provided to 1,982 clients last fiscal year. The firm advises 1 private fund.
Diversified Enterprises reports 2,002 clients. They include 1,154 individual clients, 828 high-net-worth individuals, and 11 pension and profit-sharing plans. Of its assets, 97.7% ($2.73B across 6,541 accounts) are managed with discretion; $64.3M across 29 accounts are not. A wrap fee program the firm both sponsors and manages holds $613M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 58% | 16% |
| High-net-worth individuals | 41% | 80% |
| Pooled investment vehicles | <1% | 2% |
| Pension and profit-sharing plans | <1% | 2% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,154 | $440M | 15.8% | $381K |
| High-net-worth individuals | 828 | $2.22B | 79.5% | $2.68M |
| Pooled investment vehicles | 1 | $48.4M | 1.7% | $48.4M |
| Pension and profit-sharing plans | 11 | $62.4M | 2.2% | $5.67M |
| Corporations and other businesses | 8 | $20.1M | 0.7% | $2.51M |
| Total | 2,002 | $2.79B | 100% | $1.39M |
- Clients
- 1,154
- Regulatory AUM
- $440M
- AUM share
- 15.8%
- Avg. per client
- $381K
- Clients
- 828
- Regulatory AUM
- $2.22B
- AUM share
- 79.5%
- Avg. per client
- $2.68M
- Clients
- 1
- Regulatory AUM
- $48.4M
- AUM share
- 1.7%
- Avg. per client
- $48.4M
- Clients
- 11
- Regulatory AUM
- $62.4M
- AUM share
- 2.2%
- Avg. per client
- $5.67M
- Clients
- 8
- Regulatory AUM
- $20.1M
- AUM share
- 0.7%
- Avg. per client
- $2.51M
Total
- Clients
- 2,002
- Regulatory AUM
- $2.79B
- AUM share
- 100%
- Avg. per client
- $1.39M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 1982
Diversified Enterprises is paid through a percentage of assets under management, fixed fees (other than subscription fees) and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Elite Services
- Elite Services are billed on a flat-fee or assets under management basis, or a combination, as specified in the Elite Services Agreement.
- Financial Consulting Services
- Financial consulting is billed hourly at $250 to $500 depending on complexity, with an estimate of total hours provided at the start.
- Financial Planning Services
- Financial planning fees are set in the planning agreement, with a minimum initial financial planning fee of $500 that may be waived.
Andrew Rosen owns 25% to 50% of Diversified Enterprises. Michael Fisher is CEO; the leadership team includes Chief Investment Officer Scott Lavelle, Chief Operating Officer Anthony LaBarbera and Chief Compliance Officer David Levy. It has 53 employees, 34 of them in advisory roles.
Leadership
- Michael FisherChief Executive Officer
- Anthony LaBarberaChief Operating Officer
- David LevyChief Compliance Officer
- Scott LavelleChief Investment Officer
- Andrew RosenExecutive Chairman
- Kyle HillSenior Wealth
Investment adviser representatives
29 representatives listed in the SEC register as of 9 October 2026.
- John David Anderson
- Nicklaus Michael Areddy
- Max Berger
- Stacey Lynn Brady
- Arron Isaac Brisard
- William Gabriel Brisard
- Robert Glen Bruce
- Scott Robert Bruce
- Jonathan Francis Cahill
- Thomas Michael Ervin JR
- Michael Allen Fisher
- Jacob C Foster
- Peter J Hackenbrack
- Kyle Hill
- Ashley Diane Howard
- Scott Francis Lavelle
- David Phillip Levy
- Levi James May
- Martin Tyler McGuire MR
- James Kerr Pollock
- Robert Newton Pollock JR.
- Tyler Robert Procacci
- Renae Ransdell
- Andrew Scott Rosen
- Clark Thomas Schweitzer
- Matthew Robert Stack
- William Elliott Torrance
- Stephen Christopher Wildman
- Johathan Micheal Williams
Staff
- 53 employees
- 34 in advisory functions
- 25 state-registered reps
- 1 broker-dealer rep
- 10 insurance agents
- 6 soliciting firms
- Owns 25% to 50% of Diversified Enterprises, LLC
Andrew Rosen
Control person · since July 2024
- Owns 25% to 50% of Diversified Enterprises, LLC
Diversified Penn, LLC
since July 2024
- Owns 25% to 50% of Diversified Enterprises, LLC
Diversified, LLC
since July 2024
- Owns 50% to 75% of Diversified, LLC
David Levy
Control person · since July 2024
- Owns 50% to 75% of Diversified, LLC
Andrew Rosen Spousal Lifetime Access Trust
since April 2026
Jessica Rosen
Trustee · since January 2026
Lee Rosen
Trustee · since January 2026
- Owns 10% to 25% of Diversified Enterprises, LLC
Kyle Hill
since March 2025
- Owns 5% to 10% of Diversified Enterprises, LLC
Michael Fisher
Control person · since July 2024
Diversified Enterprises’ regulatory assets grew from $2.08B (March 2025) to $2.79B (August 2026); clients rose from 1,723 to 2,002 and employees from 45 to 53. Between 2021 and 2026, 3 advisory firms joined it. The largest by last filed assets was Pollock Investment Advisors ($322M, February 2026, the most recent).
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $2.79B | 2,002 | 53 | 12 |
| March 2025 | $2.08B | 1,723 | 45 | 6 |
Firms that joined
20261 joined
- Pollock Investment AdvisorsLast filed AUM $322M
20251 joined
- Integrity Wealth ConsultingNo filed AUM
20211 joined
- Renaissance Investment Consultants Holding (RZ Wealth)No filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Diversified Enterprises has 11 offices (4 private residences, listed without an address), with 8 listed addresses across 7 states.
Pennsylvania · 2 listed addresses
- 985 Old Eagle School RD, Wayne
- 104 Bradford RD., Wexford
Alabama · 1 listed address
- 3900 Montclair RD, Mountain Brook
Delaware · 1 listed address
- 3705 Concord Pike, WilmingtonHQ
Georgia · 1 listed address
- 4400 North Point Parkway, Alpharetta
Massachusetts · 1 listed address
- 150 Main St, Northampton
Michigan · 1 listed address
- 412 East Huron, Ann Arbor
North Carolina · 1 listed address
- 8394 Six Forks Road, Raleigh
Contact and registration details
- Legal name
- Diversified Enterprises, LLC
- Headquarters
- 3705 Concord Pike, Wilmington, DE 19803
- Website
- diversifiedllc.com
- Phone
- 302-765-3500
- @diversifiedllc
- SEC file
- 801-130728
- Founded
- 1982
- Structure
- Delaware LLC
- Fiscal year end
- December
Diversified Enterprises uses SEI Private Trust ($1.91B, 82%) and Charles Schwab ($411M, 18%) as custodians for its separately managed accounts. Diversified Enterprises has custody of $225M in client assets for 389 clients.
- SEI Private TrustSEI Private Trust Company · Oaks, PA · $1.91B82%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $411M18%
At year end, Diversified Enterprises’ separately managed accounts were mostly in funds (80%) and stocks (13%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.07B across 425 positions; the largest are Schwab Strategic TR (26.8%), Vanguard Specialized Funds (8.2%) and Harbor ETF Trust (4.5%).
What the accounts hold
- Stocks13%
- Funds80%
- Bonds4%
- State and local bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash3%
Reported 13F holdings
- $2.07B
- Reported 13F value
- 425
- Positions
- 59.9%
- In the 10 largest
- +13.2%
- Value vs. prior quarter
- Schwab Strategic TR · US Lrg Cap ETF26.8%
- Vanguard Specialized Funds · Div App ETF8.2%
- Harbor ETF Trust · Internatnal Comp4.5%
- ETF Ser Solutions · Opus Sml CP VL4.0%
- SPDR Series Trust · ST Str Sp600grwo3.2%
- iShares TR · Core S&P500 ETF3.1%
- Sei Exchange Traded Funds · Select Emerging2.7%
- ETF Ser Solutions · Aptus Defined2.6%
- Sei Exchange Traded Funds · Qim US Large Vol2.5%
- Schwab Strategic TR · US Tips ETF2.3%
Together, the ten largest are 59.9% of reported value.
How many clients does Diversified Enterprises have?
Diversified Enterprises has 2,002 clients and manages $2.79 billion for them, as of August 2026. They include 1,154 individual clients, 828 high-net-worth individuals, and 11 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 August 2026
What services does Diversified Enterprises offer?
Diversified Enterprises provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Diversified Enterprises use?
Diversified Enterprises’ separately managed account assets are held at SEI Private Trust Company (Oaks, PA), with $1.91B and Charles Schwab & Co., Inc. (Westlake, TX), with $411M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 August 2026
How many financial advisors does Diversified Enterprises have?
Diversified Enterprises has 25 investment adviser representatives registered with state securities authorities, out of 53 employees, and 34 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 10 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Diversified Enterprises invest in?
At the end of its last fiscal year, Diversified Enterprises’ separately managed accounts held 80% registered funds (mutual funds, ETFs, BDCs), 13% exchange-traded equities, 3% cash and equivalents, 2% state and local bonds, 1% U.S. government and agency bonds and 1% investment grade corporate bonds. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Diversified Enterprises?
Diversified Enterprises is owned through a holding company by David Levy. Its direct owners are Andrew Rosen, Diversified Penn, LLC, Diversified, LLC, Michael Fisher and Kyle Hill, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 4 August 2026
How does Diversified Enterprises get paid?
Diversified Enterprises is paid through a percentage of assets under management, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Diversified Enterprises registered with the SEC?
Yes, Diversified Enterprises has been registered with the SEC as an investment adviser since 5 August 2024. Its CRD number is 331709 and its SEC file number is 801-130728.
Source: Form ADV Part 1A, Item 1, filed 4 August 2026; IAPD firm record
How do I contact Diversified Enterprises?
Diversified Enterprises’ main office is at 3705 Concord Pike, Wilmington, DE 19803. Its phone number is 302-765-3500. Its website is diversifiedllc.com.