Alternative investment advisory firm AlphaCore Capital has doubled its assets under administration to approximately USD205 million following the acquisition of a San Diego-based registered investment adviser and the addition of five new team members.
The firm's expansion will double assets under advisement, with approximately USD205 million as of year-end, after launching less than 24 months ago.
The firm has used alternative investments as the central theme in well-balanced portfolios. The recent expansion will increase the firm's capacity to serve the increasing number of investors and advisers who are turning to alternative investments as a core part of their investment portfolios.
Many endowments and pensions include alternatives as a major part of their asset allocation.
"At AlphaCore, we are providing methods for individual investors and advisors to participate in a similar strategy," says Dick Pfister (pictured), the firm's founder and CEO. "We've developed a risk mitigation strategy using liquid alternatives that attempts to generate returns in a rising interest rate environment and protects capital if equity markets stumble."
The alternative investment landscape has seen tremendous growth as investors have continued to incorporate alternative strategies with traditional stocks and bonds.
"While demand for alternative investments has increased, so has the need for expertise. In order to deliver high calibre advice and services, it is important that AlphaCore adds to our seasoned staff in compliance, research and distribution. We are pleased to welcome these new colleagues to the AlphaCore team,” adds Pfister.
The new members of the AlphaCore team are: Tricia Zehr, deputy chief compliance officer; Marc C Seward, senior wealth manager; Chris Ricciardi, vice president, intermediary distribution; Lisa Zard, regional director; and Tonya Dupree, client relationship manager.