{"url":"https://nivawealth.com/firms/diversified-resources-31346","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/31346","regulatoryAum":268848043,"crd":"31346","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2410249","suffix":null,"lastName":"BACON","firstName":"KAREN","middleName":"JOSEPHINE"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-30","regulatoryAum":163193720,"clients":510,"employees":6,"offices":1},{"filedOn":"2022-03-30","regulatoryAum":184283174,"clients":567,"employees":6,"offices":1},{"filedOn":"2023-03-30","regulatoryAum":175751681,"clients":567,"employees":4,"offices":1},{"filedOn":"2024-04-22","regulatoryAum":209109584,"clients":584,"employees":6,"offices":1},{"filedOn":"2025-03-11","regulatoryAum":233686640,"clients":626,"employees":7,"offices":1},{"filedOn":"2026-03-25","regulatoryAum":268848043,"clients":640,"employees":6,"offices":1}],"secFileNumber":"801-108432","legalName":"Diversified Resources, LLC","displayName":"Diversified Resources","slug":"diversified-resources-31346","website":"https://divres.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/diversified-resources-llc/about/","founded":null,"organization":"Rhode Island limited liability company","fiscalYearEnd":"December","headquarters":{"street":"70 Jefferson BLVD, 4th Floor","city":"Warwick","state":"RI","stateName":"Rhode Island","country":"United States","postalCode":"02888"},"tradeNames":[],"registration":{"secApproved":"21 September 2016","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":410908.01875,"staff":{"employees":6,"advisory":1,"brokerDealerReps":1,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":268848043,"discretionary":268848043,"discretionaryAccounts":1240,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":1,"nonAumClients":4},"clientTypes":[{"label":"Individuals (other than HNW)","clients":511,"regulatoryAum":106021015},{"label":"High-net-worth individuals","clients":129,"regulatoryAum":156960117},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":4388219},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":1214894},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":263798}],"feePrograms":[{"role":"main","program":"Portfolio Management","feeBasis":"marginal","fee_tiers":[{"to":1500000,"pct":1,"from":0},{"to":2500000,"pct":0.75,"from":1500000},{"to":null,"pct":0.4,"from":2500000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025837","versionId":1025837,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-25","documentName":"DIVERSIFIED RESOURCES ADV PART 2 A DISCLOSURE BROCHURE","fee_rate_low":0.4,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025837","versionId":1025837,"submittedOn":"2026-03-25","documentName":"DIVERSIFIED RESOURCES ADV PART 2 A DISCLOSURE BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T11:40:23.826898+00:00","documents":[{"name":"DIVERSIFIED RESOURCES ADV PART 2 A DISCLOSURE BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025837","versionId":1025837,"submittedOn":"2026-03-25"}]},"custodians":[{"name":"SEI Investments Distribution Co.","shortName":"SEI Investments Distribution","location":"Oaks, PA","smaAssets":268848043}],"custodyNote":"Diversified Resources does not have custody of client assets.","leadership":[{"name":"Karen Josephine Bacon","title":"Managing Member ,principal and CCO","crd":"2410249"}],"ownership":[{"label":"Karen Josephine Bacon","detail":"Managing member ,principal and cco in the 75% or more ownership band and a control person, since January 2015."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Rhode Island","offices":1,"addresses":[{"street":"70 Jefferson BLVD, 4th Floor","city":"Warwick","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"401-941-1500","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"600","assetMix":[{"label":"Exchange-traded equity securities","percent":40},{"label":"Securities issued by registered investment companies or business development companies","percent":56},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"25 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/31346/PDF/31346.pdf","brochureDate":"25 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025837","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Diversified Resources have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Diversified Resources offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Diversified Resources charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Diversified Resources use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Diversified Resources have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Diversified Resources invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Diversified Resources?","answer":"Diversified Resources’ direct owner is Karen Josephine Bacon (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 25 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Diversified Resources get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Diversified Resources registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Diversified Resources?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 25 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}