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AlphaCore expands its wealth advisory business with acquisition of iCapital’s Private Client Group serving high-net-worth clients

News

AlphaCore Acquires Private Client Group Rights from iCapital Network

LA JOLLA, Calif., Sept. 30, 2020 /PRNewswire/ -- AlphaCore Wealth Advisory, a leading wealth advisor firm focused on allocating to traditional and alternative investments, announced today it secured the rights to acquire the Private Client Group (PCG), a team directly serving high-net-worth clients, from iCapital Network. In the same transaction, AlphaCore divested factorE, a portfolio tool which helps advisors assess the performance and risk of alternative holdings, to iCapital. Terms of the agreement were not disclosed.

AlphaCore Acquires Private Client Group (PCG) Rights from iCapital
The right to acquire the PCG team was granted to iCapital as part of the firm's recent acquisition of Artivest. The team, based in La Jolla, is composed of six seasoned investment professionals and serves over 600 high net worth family relationships.