AlphaCore demonstrates the power of combining organic growth with disciplined inorganic expansion to drive scale and regional depth in key markets

LA JOLLA, Calif.–(BUSINESS WIRE)–AlphaCore Wealth Advisory (“AlphaCore”), an independent wealth advisory firm, today announced its acquisition of Elk River Wealth Management (“Elk River”), a seven-person team advising nearly $1 billion in assets, further expanding its presence in Colorado and enhancing its team in the Cherry Creek area. The combination builds on a relationship cultivated over the past five years and pairs complementary strengths across people, culture, and capabilities, with a shared commitment to strong community connections.

Chris Freimuth, Founder and CEO of Elk River, launched the business after a decades-long career serving a select group of high-net-worth and ultra-high-net-worth households in Colorado and Arizona. Since its founding, Freimuth has assembled a team of seasoned professionals with deep industry experience. Through this partnership, the team will gain broader access to services that support families’ needs, including tax strategy and preparation, concentrated risk management, trust and estate review, family governance, and philanthropic planning – all while maintaining a highly personalized service model.

AlphaCore’s disciplined growth strategy is centered on becoming the preeminent wealth advisory firm in the select regions it serves. The firm’s focused investment in the greater Colorado market is reflected in its previous acquisitions of Johnston & Associates and All Season Financial, with this announcement further deepening the firm’s local presence and resources. By pairing strong talent with broader capabilities, AlphaCore is enhancing its ability to serve clients’ evolving needs while continuing to grow through client referrals and other trusted referral sources. The firm is also continuing to invest in business development talent in Colorado to support ongoing growth and deepen its presence in the region. Rooted in the Colorado community, the firm proudly supports The Challenge Foundation and partners with the CFA Society of Colorado.

At the close of the transaction, AlphaCore will employ more than 120 professionals across five primary offices: San Diego, California; Denver, Colorado; Austin, Texas; Rockville, Maryland; and Greenwich, Connecticut.

“When we founded AlphaCore, our vision was to build an enduring boutique wealth management firm that delivers a premium client experience through both scale and comprehensive capabilities,” said Dick Pfister, Founder and CEO of AlphaCore. “Our partnership with Elk River, following the expansion of our tax capabilities last fall, reflects that vision in action as we deepen our presence in Colorado, strengthen our leadership team, and continue building a firm that can grow both organically and through strategic acquisitions.”

As part of the transaction, Elk River’s team will join AlphaCore, with Freimuth assuming the role of Managing Partner and leading the Cherry Creek and Phoenix teams – two fast-growing markets. Freimuth dedicates significant time to serving Arizona clients.

“Joining AlphaCore was a natural next step for our firm and our clients as we searched for the right long-term partner,” said Freimuth. “We were drawn to the firm’s consistent organic growth and its commitment to building a platform that helps advisors deliver more for clients. AlphaCore’s established presence in Denver and dedicated local advisors give us additional depth and collaboration on the advisory side, while preserving the highly personalized service our clients value.”

AlphaCore’s approach to growth combines strategic acquisitions with a deliberate focus on building internal capabilities and leadership across key markets. AlphaCore’s Head of Corporate Development Aidan Walsh added, “We’ve had the opportunity to build a relationship with Chris over the last five years, and that has given us strong conviction that the Elk River team shares the values and culture that matter most to us in any partnership. Their local leadership and client focus make them an ideal partner as we continue to scale.”

SDR Ventures, LLC served as the financial advisor and Ireland Stapleton served as legal counsel to Elk River. WilmerHale served as legal counsel to AlphaCore.

About AlphaCore Wealth Advisory

AlphaCore Wealth Advisory is an independent wealth advisory firm dedicated to helping clients build, preserve, and protect their wealth. Headquartered in La Jolla, California, with offices nationwide, AlphaCore takes a comprehensive approach to wealth planning and strives to deliver sophisticated investment management services by providing access to both traditional and alternative investments. Supported by in-house research, operational resources, and modern technology, AlphaCore advisors place clients’ goals at the center of every financial plan.

Learn more at www.alphacore.com

Contacts

Gregory FCA for AlphaCore Wealth Advisory
Jenna Silverblatt
610-428-3296
[email protected]