Diversified Resources provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 600 clients last fiscal year.
Diversified Resources reports 640 clients. They include 511 individual clients and 129 high-net-worth individuals. Of its assets, 100.0% ($269M across 1,240 accounts) are managed with discretion. Of its clients, 1% are outside the U.S. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 80% | 39% |
| High-net-worth individuals | 20% | 58% |
| Pension and profit-sharing plans | Fewer than 5 | 2% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 511 | $106M | 39.4% | $207K |
| High-net-worth individuals | 129 | $157M | 58.4% | $1.22M |
| Pension and profit-sharing plans | Fewer than 5 | $4.39M | 1.6% | — |
| Charitable organizations | Fewer than 5 | $1.21M | 0.5% | — |
| Corporations and other businesses | Fewer than 5 | $264K | 0.1% | — |
| Total | 640 | $269M | 100% | — |
- Clients
- 511
- Regulatory AUM
- $106M
- AUM share
- 39.4%
- Avg. per client
- $207K
- Clients
- 129
- Regulatory AUM
- $157M
- AUM share
- 58.4%
- Avg. per client
- $1.22M
- Clients
- Fewer than 5
- Regulatory AUM
- $4.39M
- AUM share
- 1.6%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.21M
- AUM share
- 0.5%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $264K
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 640
- Regulatory AUM
- $269M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 600
Diversified Resources charges 0.40%–1.00% a year for its Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1.5M | 1.00% |
| $1.5M–$2.5M | 0.75% |
| $2.5M and above | 0.40% |
Fee details and sources
Other fees
- Financial Planning
- Planning is generally $225 per hour, or a fixed fee from $250 to $3,000 depending on the complexity of the plan; fees are due in advance.
Karen Josephine Bacon owns 75% or more of Diversified Resources. It has 6 employees, 1 of them in advisory roles.
Leadership
- Karen Josephine BaconManaging Member ,principal and CCO
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Karen Josephine Bacon
Staff
- 6 employees
- 1 in advisory functions
- 1 state-registered rep
- 1 broker-dealer rep
- 1 insurance agent
- Owns 75% or more of Diversified Resources, LLC
Karen Josephine Bacon
Control person · since January 2015
Diversified Resources’ regulatory assets grew 1.6× from $163M (March 2021) to $269M (March 2026); clients rose from 510 to 640 and employees were 6 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $269M | 640 | 6 | 1 |
| March 2025 | $234M | 626 | 7 | 1 |
| April 2024 | $209M | 584 | 6 | 1 |
| March 2023 | $176M | 567 | 4 | 1 |
| March 2022 | $184M | 567 | 6 | 1 |
| March 2021 | $163M | 510 | 6 | 1 |
Besides its headquarters, Diversified Resources has 0 offices, with 1 listed address in Rhode Island.
Rhode Island · 1 listed address
- 70 Jefferson BLVD, 4th Floor, WarwickHQ
Contact and registration details
- Legal name
- Diversified Resources, LLC
- Headquarters
- 70 Jefferson BLVD, 4th Floor, Warwick, RI 02888
- Website
- divres.com
- Phone
- 401-941-1500
- @diversified-resources-llc
- SEC file
- 801-108432
- Structure
- Rhode Island LLC
- Fiscal year end
- December
Diversified Resources uses SEI Investments Distribution ($269M) as custodian for its separately managed accounts. Diversified Resources does not have custody of client assets.
- SEI Investments DistributionSEI Investments Distribution Co. · Oaks, PA · $269M100%
At year end, Diversified Resources’ separately managed accounts were mostly in funds (56%) and stocks (40%).
What the accounts hold
- Stocks40%
- Funds56%
- Cash4%
How many clients does Diversified Resources have?
Diversified Resources has 640 clients and manages $269 million for them, as of March 2026. They include 511 individual clients and 129 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Diversified Resources offer?
Diversified Resources provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Diversified Resources charge?
Diversified Resources charges 0.40%–1.00% a year for its Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: DIVERSIFIED RESOURCES ADV PART 2 A DISCLOSURE BROCHURE, filed 25 March 2026
Which custodians does Diversified Resources use?
Diversified Resources’ separately managed account assets are held at SEI Investments Distribution Co. (Oaks, PA), with $269M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Diversified Resources have?
Diversified Resources has 1 investment adviser representative registered with state securities authorities, out of 6 employees, and 1 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Diversified Resources invest in?
At the end of its last fiscal year, Diversified Resources’ separately managed accounts held 56% registered funds (mutual funds, ETFs, BDCs), 40% exchange-traded equities and 4% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Diversified Resources?
Diversified Resources’ direct owner is Karen Josephine Bacon (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Diversified Resources get paid?
Diversified Resources is paid through a percentage of assets under management, hourly charges and fixed fees. 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 Resources registered with the SEC?
Yes, Diversified Resources has been registered with the SEC as an investment adviser since 21 September 2016. Its CRD number is 31346 and its SEC file number is 801-108432.
Source: Form ADV Part 1A, Item 1, filed 25 March 2026; IAPD firm record
How do I contact Diversified Resources?
Diversified Resources’ main office is at 70 Jefferson BLVD, 4th Floor, Warwick, RI 02888. Its phone number is 401-941-1500. Its website is divres.com.