ALPhacore Capital LLC (La Jolla)


ALPhacore Capital LLC is a large advisory firm based in La Jolla. It manages $284.63 million of regulatory assets for 871 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 5 other states.

ALPhacore Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, and model portfolio subscription services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

ALPhacore Capital: assets under management

The assets under management (AUM) of ALPhacore Capital LLC is $284.63 million. The firm's AUM has grown by 225% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $282.22 million in discretionary accounts and $2.41 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $325.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $601.7 thousand.
ALPhacore Capital has custody of $79.18 million in cash and securities for 103 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay ALPhacore Capital LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients ALPhacore Capital serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of ALPhacore Capital is high net worth individuals with 55 clients and $119.72 million of assets under management. Among the 8 most similar advisory firms, ALPhacore Capital has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $284.63 million for 297 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

ALPhacore Capital doesn't advise any private funds.

Careers at ALPhacore Capital LLC

The company employs 12 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Richard Gerard Pfister Chief executive officer, president, managing member and chief compliance officer 1 Nov 2014 Other 2496887
2005 Pfister Family Trust Dated April 28 Owner 1 Nov 2014 75% - 100% xxx-xx-xxxx
Canopy Management Company Llc Member 1 Oct 2017 Other 47-3205298
Tricia Renee Zehr Chief compliance officer 1 Nov 2017 Other 3184788
Franklin Antonio Member 1 Jan 2019 Other 7059330

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Richard Gerard Pfister Co-trustee 1 Apr 2005 50% - 75% 2496887
Kristi Elise Pfister Co-trustee 1 Apr 2005 50% - 75% 6705821
David Diblee Silvera Member 1 Oct 2017 Other 1563838

Based in La Jolla

The principal office where ALPhacore Capital LLC performs its advisory services is located at 875 Prospect Street, La Jolla, CA 92037, which is also the mailing address of the firm. An additional office of the firm is in San Diego, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-875-4100. The normal business hours are 7:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at alphacorecap.com.