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AlphaCore doubles staff, advisory assets

Wednesday, January 25, 2017
Opalesque Industry Update - AlphaCore Capital, a La Jolla, Calif. based investment adviser, announces today 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 $205 million as of yearend, after launching less than twenty-four months ago. Since its origin, the firm has utilized 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,” comments Dick Pfister, the firm’s founder and CEO, who invests his personal net-worth alongside his clients. “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 caliber 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.”

The new members of the AlphaCore team include:

Tricia Zehr, IACCP ®, Deputy Chief Compliance Officer

Marc C. Seward, ChFC, CLU, Senior Wealth Manager

Chris Ricciardi, CAIA ®, Vice President, Intermediary Distribution

Lisa Zard, CAIA ®, Regional Director

Tonya Dupree, Client Relationship Manager

Part of AlphaCore’s success can be attributed to its unique philosophy: access and expertise in alternative investments from a firm built with an open architecture philosophy. AlphaCore couples traditional beta strategies with multiple alternative strategies for its wealth management and advisory clients.

AlphaCore also offers this expertise to other advisors via sub-advisory accounts which are available on the major independent custodians’ separately managed account platforms. In addition, AlphaCore recently launched a multialternative mutual fund, the AlphaCore Absolute Fund (GDAMX), as another avenue for investors to access AlphaCore’s alternatives expertise. AlphaCore serves as the advisor to the fund, which is distributed by Northern Lights Distributors.

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