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In this episode of the RIA Edge Podcast, David Armstrong, editorial director at Informa Connect’s Wealth Management Group, sits down with Dick Pfister, founder of AlphaCore Wealth Services, to explore his firm’s investment approach that places alternatives at the core of the service offering. Dick discusses his early days bringing alternatives to advisors with his firm Altegris, the origins of AlphaCore, the organic growth journey of the firm, and how the sometimes cumbersome alt-investment process is integrated into the service for clients.
David and Dick explore:
- AlphaCore’s distinctive approach of integrating alternative strategies to provide diversification and risk management at the portfolio’s core
- How he approaches building a dedicated team and scalable technology to support both organic growth and acquisitions.
- The reasoning behind taking an investment from Karl Heckenberg’s Constellation Wealth Capital
- The firm’s seven core values, including No. 1: Do what’s best for the client.
- Practical strategies for achieving organic growth through client referrals, educational events, business development, and leveraging referral networks
Resources:
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About Our Guest:
Dick has over 25 years of experience in the wealth advisory and financial services industry with an emphasis on diversifying traditional portfolios with alternative strategies. In 2015, he founded AlphaCore, which has become a leading wealth advisory firm. He serves as AlphaCore’s CEO and is a managing member of the Investment Committee. Throughout his career, he has successfully navigated changing market conditions on behalf of hundreds of entrepreneurs and investment professionals.