Diversified Resources, Llc
- Regulatory AUM
- $269M
- Discretionary
- $269M
- Clients
- 640
- Avg AUM / client
- $420K
- Accounts
- 1,240
- Employees
- 6
AUM over time
Annual snapshots from Form ADV filings · as of Mar 25, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 511 | $106M | 39.4% |
| High net worth individuals | 129 | $157M | 58.4% |
| Pension and profit sharing plans | Fewer than 5 clients | $4.4M | 1.63% |
| Charitable organizations | Fewer than 5 clients | $1.2M | 0.45% |
| Corporations and other businesses | Fewer than 5 clients | $264K | 0.1% |
People (1)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Karen Josephine Bacon | Managing Member ,Principal And Cco | CFP | Jun 2004 (22y) | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/25/2026 | 992 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: IN ITS CAPACITY AS A BROKER DEALER (BD), TRANSACTIONS FOR A ME CLIENT EXCEEDED THE DE MINIMIS AND THEREFORE THE BROKER DEALER EFFECTED TRANSACTIONS WHILE UNLICENSED IN THE STATE. Status: Final Sanction Detail: FULL AMOUNT OF FINE PAID ALONG WITH STATE RENEWAL FEE OF $100 ON 5/4/2017 Summary: A CLIENT HAD MOVED FROM RI TO ME AND INITIATED AUTOMATIC INVESTMENTS VIA THE CLIENT MUTUAL FUND PORTAL WITHOUT INFORMING THE BROKER DEALER (BD), DIVERSIFIED RESOURCES. ONCE DISCOVERED THAT SAID INVESTMENTS WERE BEING MADE AND THAT THE DE MINIMIS HAD BEEN CROSSED, THE BD INFORMED THE STATE OF ME AND BECAME LICENSED.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- Sei Investments Distribution Co. $269M (100% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 25, 2026.
View current Form ADV (SEC/IAPD) ↗