Diverse Advanced Portfolios

Complaints & Reviews on USAComplaints

USAComplaints currently maintains 1 historical complaint about Diverse Advanced Portfolios, published in 2012. No approved complaints have been published on this site during the last three years. For a current reputation snapshot, see the independent sources below.

• Consumer ReportPublished Mar 12, 2012 · Historical consumer allegation

Complaint Themes

Each tag reflects a complaint's single primary theme (not every angle it raised), and complaints outside any problem theme — a positive report, or one later retracted by its author — aren't tagged. Counts may total less than the full complaint count above.

Independent Sources

Shown for context — not merged with USAComplaints' own numbers.

Contacts

• Main (BBB-listed): (844) 430-3773
• Alternate (BBB-listed): (716) 478-3637
• Fax (BBB-listed): (716) 727-0449
• Domain registrant contact (WHOIS): (716) 803-7050

Locations

What Outside Reports Allege

USAComplaints.com has no complaints filed against this company directly — a genuine zero, not a gap (see the Legitimacy section for why the BBB's own complaint count is also zero). Two independent outside sources describe allegations worth knowing about:

A Better Business Bureau customer review dated July 2, 2024 (reviewer "Simone D") alleges a caller claimed she owed $2,700 for a loan she says she never received, and that a second caller claimed to be unable to serve her court papers from Kenosha County Courts, Wisconsin. The reviewer states she contacted the courthouse directly and was told no such case existed; she reported filing a police report and consulting a lawyer about possible defamation and harassment claims.

ScamPulse's aggregated report page for "DAP Associates" (20 reports as of this research) describes a recurring pattern: threats of a pending lawsuit or a "mediator," demands tied to old payday loans or credit-card balances (dollar amounts cited in individual reports range from $696 to roughly $4,678), and requests for Social Security numbers or bank account details. Reports describe callers using a large number of different phone numbers rather than one consistent line.

These are consumer allegations, not adjudicated findings; USAComplaints.com has not independently verified the underlying facts of either report.

If You're Contacted About a Debt

If you receive a call, letter, or voicemail from someone identifying themselves as being with "Diverse Advanced Portfolios," "DAP Associates," "DAP & Associates," or "DAP LLC" about a debt:

• Ask for a written validation notice. Federal law (the FDCPA, as implemented by Regulation F, 12 CFR 1006.34) requires a debt collector's validation notice to state the current creditor's name and the current amount of the debt. Separately, you have the right to request in writing, before the validation period stated on that notice ends, the name and address of the original creditor if it differs from the current creditor — making that written request requires the collector to pause collection until it responds.
• Do not confirm personal details (Social Security number, bank account numbers, date of birth) to an unsolicited caller, even if they already recite some of your information back to you.
• If you're told a lawsuit has been filed or a process server is trying to reach you, verify directly with the named court's clerk office using a phone number you look up independently — not one the caller provides. One Better Business Bureau reviewer described doing exactly this and finding no case had actually been filed at the court the caller named.
• You can check whether a phone number that contacted you has been reported before in connection with this company by searching ScamPulse's "DAP Associates" report page.

Is Diverse Advanced Portfolios Legitimate?

The most important question about a company with this name pattern — "Diverse [Adjective] Portfolios" — is whether it is registered to offer investment or securities services. It is not, by every registry checked directly on August 21, 2026:

• SEC EDGAR full-text search (covering all electronically filed documents since 2001) for the exact phrase "Diverse Advanced Portfolios" returned zero results.
• FINRA BrokerCheck firm search for "Diverse Advanced Portfolios" returned zero results — no broker-dealer registration found.
• SEC Investment Adviser Public Disclosure (IAPD) firm search for "Diverse Advanced Portfolios" returned zero results — no investment-adviser registration found.

In short: no evidence was found that this entity is registered to offer securities, brokerage, or investment-advisory services with the SEC or FINRA. That is consistent with what the entity actually appears to be based on other evidence — a debt-collection operation — rather than an investment company, despite the name. To be clear, a debt-collection business is not generally required to hold SEC or FINRA registration in the first place, so this absence should be read as "consistent with being a debt collector, not a securities firm," not as a red flag on its own.

Separately, as a debt collector, third-party collectors operating in New York must follow New York Department of Financial Services debt-collection procedure rules, and an entity collecting from New York City or Buffalo residents must hold a city-issued debt collection agency license. This research pass could not confirm this company's status in the NYC Department of Consumer and Worker Protection or Buffalo license databases — not checked, a coverage gap rather than a finding either way.

The company's Better Business Bureau file was opened April 1, 2018 (corrected from an earlier April 2, 2018 after directly re-reading the date field on BBB's own profile), carries a BBB Rating of A+, is not BBB-accredited, and shows zero complaints filed directly with the BBB as of August 24, 2026. An A+ BBB rating is not the same as accreditation and is not a BBB endorsement; BBB itself states it does not verify the accuracy of information provided by third parties. Separately, on ScamPulse.com, a report page for "DAP Associates" (a name tied to this entity by the matching phone number above) aggregates 20 consumer reports alleging debt-collection scam conduct, collected on a different platform — the BBB's zero-complaint count and ScamPulse's 20 reports describe different populations and should not be added together.

A direct query of the New York Department of State's own business-entity registry (apps.dos.ny.gov/publicInquiry/, 2026-08-24) confirms the September 27, 2017 filing date and Active status directly from the state's primary record, rather than from business-directory aggregators alone; a separate attempt to query OpenCorporates for the same entity was blocked during this research session (a denied page load, not bypassed).

Overview

Diverse Advanced Portfolios LLC is registered in Lockport, New York (Niagara County). The New York Department of State's own business-entity registry, queried directly, confirms it as DOS ID 5208951, a domestic limited liability company, status Active, filed September 27, 2017. The registry's own Service of Process listing names Shadrac Pelt at 29 West Main Street, Floor 2, Lockport, NY 14094 as the entity's registered agent — a slightly different suite/floor description than the BBB's "Upper Suite 1" for the same street address, most likely just two sources describing the same building differently. Despite a name that reads like an investment or wealth-management firm, the Better Business Bureau lists it under "Collections Agencies," and business directories show NAICS classification 561440 (Collection Agencies) alongside it.

The company does business, or is described in consumer reports, under several closely related names: DAP Associates, DAP & Associates, and DAP LLC. These names share the phone number (844) 430-3773 with the Better Business Bureau's listing for "Diverse Advance Portfolios LLC," which is the strongest link tying the "DAP" name used in complaint reports to this entity.

The company's own domain, infodapllc.com — the site named on a former-employee Q&A post on Indeed — currently returns a "page not found" error rather than an active business site (checked August 21, 2026). WHOIS records for that domain list the registrant as "Diverse Advanced Portfolios LLC" at 29 W. Main St, Upper Suite 1, Lockport, NY 14094, with a contact phone of (716) 803-7050 and a contact email at a second domain, diverseadvancedportfoliosllc.com — which is itself not currently a registered domain (checked August 21, 2026).

Frequently Asked Questions