Diversified Lifelong Advisors today announced the firm is acquiring RZ Wealth, a Registered Investment Advisor in Wayne, PA. Diversified is based in north Wilmington.
The firms will have $900 million in combined client assets under management.
Diversified Lifelong Advisors will continue to be led by the current President and Partner Andrew Rosen, partners Kyle Hill and David Levy, and CEO Michael Fisher. Irvin W. Rosenzweig, founder and president of RZ Wealth will join the Diversified Lifelong Advisors executive and investment management teams.
“Our ability to grow and expand excites me because it allows us to continue to deliver world-class service to even more people and gives us additional resources for the benefit of our clients,” said Fisher. “RZ Wealth is a phenomenal company, and we are honored to leverage the legacy Irv built while innovating to remain cutting edge.”
“Individuals and families have looked to us for strategies in planning and investment management to help them live a quality life,” said Rosenzweig. “This affiliation strengthens what we have built with additional staff and technologies.”
Diversified Lifelong Advisors plans to continue its expansion.
The firm is currently ranked by the Advisory Practice Board Of Exchange as one of the top RIA’s in the country based on creditworthiness and readiness to purchase another practice, a release stated.
This year, the firm was ranked by Financial Times as a FT 300: Top Registered Investment Advisor.