Citywire Names AlphaCore the Fastest Growing RIA in CaliforniaPosted Dec 14, 2021
We are pleased to announce that AlphaCore Wealth Advisory has been recognized as the number 1 fastest-growing RIA firm in California by Citywire’s 50 Growers Across America list for 2021.
As part of this recognition, Citywire also highlighted AlphaCore in a corresponding article. “The firm, run by Dick Pfister, markets a unique investment approach that eschews traditional 60/40 stock-and-bond portfolios for ones containing large allocations of alternative investments and real assets, which ‘potentially lowers portfolio risk,’” writes the publication. “AlphaCore’s $1 billion in AUM represents tenfold growth since 2016, a metric bolstered by its September 2020 acquisition of iCapital’s Private Client Group. And the firm is still growing.”
Today, AlphaCore has $1.4 billion in assets under management and has the privilege of serving over 750 clients nationwide with a concentration in the Southwestern United States.
For firms to be eligible for this list, they must have a significant number of financial planning clients and cannot be affiliated on a firm level with a broker-dealer or other institutions. To determine the 2021 50 Growers Across America list, Citywire used the most recent Form ADV data reported to the Securities and Exchange Commission at the time of publication. Next, Citywire looked at percentage growth in AUM and percentage growth in employees over the last three years to create a ‘growth score,’ with AlphaCore achieving the highest score in the state.
“We are honored to be recognized by Citywire,” says AlphaCore CEO and Founder Dick Pfister. “At AlphaCore, each member of our team is committed to helping our clients reach their financial goals through our unique pairing of wealth planning services with innovative portfolio management. I think our continued growth reflects this commitment to our clients.”
To view Citywire’s entire 50 Growers Across America List as well as its special report, click here. This list can also be viewed in Citywire’s December 2021 print issue.
The Citywire’s 50 Growers Across America list for 2021 is an independent, third-party ranking using publicly available data with no input or data submission by the featured advisers. Please review the link for details on their impartial review, but in summary; AlphaCore did not pay for this ranking or submit any data, Citywire evaluated publicly available data on the number of financial planning clients, excluding RIAs that are affiliated with a broker-dealer or other institution, and looked at percentage growth in assets under management and percentage growth in employees since the end of 2016.