Earlier this month, AlphaCore Wealth Advisory in California secured a strategic investment from Constellation Wealth Capital, an alternative asset management platform, marking Constellation’s inaugural investment since its establishment in early 2023. To explore the details of this exciting new partnership and its potential implications for AlphaCore’s future in the RIA space, Alternatives Watch turned to the firm’s CEO and founder, Dick Pfister, CAIA, and Director of Research, Johann Lee, CFA, for insight.
“This collaboration represents an exciting milestone for our firm and demonstrates the confidence that CWC has in our vision and capabilities,” says Pfister. “With CWC’s support, we believe we are well-positioned to strengthen our team, enhance our access to unique alternative strategies, and explore strategic growth opportunities that will ultimately benefit our clients.”
Since its founding, AlphaCore has developed a diverse, technology-driven platform that provides high-net-worth clients and their advisors access to both traditional and alternative investments, a rare find among RIAs. According to Lee, alternative strategies include long/short equity, managed futures, multi-strategy, and convertible arbitrage.
“For example, multi-strategy alternative investing aims to deliver absolute returns — meaning that it seeks to generate returns across a variety of different market environments (both bear and bull markets),” Lee explains. “These portfolios are meant to deliver strong, risk-adjusted returns — offering consistency and capital preservation to allocators (they tend to carry lower volatility profiles).”
Overall, Pfister and Lee told the publication that this new partnership with Constellation highlights AlphaCore’s commitment to expanding its wealth management services and reinforcing its dedication to providing clients with exceptional service and alternative solutions.