MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, January 23, 2017 AlphaCore Doubles in Size With Acquisition Dick Pfister is doubling AlphaCore's business with the acquisition of San Diego-based Enviso Capital.
Pfister credits the firm's pre-acquisition growth to the distribution of its subadvisory services. In October 2016, AlphaCore took over its first mutual fund, the AlphaCore Absolute Institutional Fund. Pfister says the fund is now gaining traction on the distribution platforms, and is currently offered through Fidelity, Schwab, Pershing, and a couple of the wirehouses. At the time of the fund takeover, Pfister hinted that an acquisition might be on the horizon. Post-acquisition, he's making a push to grow through the intermediary channel. Pfister is significantly expanding his current staff of seven, bringing on five new staff members to manage the growing needs of the firm. "We're not shutting up our direct business, but we're emphasizing intermediary growth with these new hires," Pfister tells MFWire. The new additions to the AlphaCore team are: Tricia Zehr joining as deputy chief compliance officer from Altegris; Mark Seward joining as senior wealth manager from Enviso; Chris Ricciardi joining as vice president of intermediary distribution from Vivaldi Asset Management; Lisa Zard joining as regional director in intermediary distribution from Vivaldi; and Tonya Dupree joining as client relationship manager from Enviso. Zehr, Ricciardi, and Zard previously worked with Pfister at Altegris. Printed from: MFWire.com/story.asp?s=55575 Copyright 2017, InvestmentWires, Inc. All Rights Reserved |
