The $10 billion alternatives-focused RIA expands its Northeast presence with a $700 million acquisition and new New Jersey office.
AlphaCore Wealth Advisory, a La Jolla-based RIA managing over $10 billion in client assets, has acquired Brave Family Advisors, a boutique wealth practice with $700 million in assets under management. The deal establishes AlphaCore’s first Northeast hub in Summit, N.J., bolstering its regional footprint.
Brave Family Advisors, founded in 1992, serves high-net-worth and ultra-high-net-worth households with a team of four advisors and eight staff. The acquisition grants Brave access to AlphaCore’s in-house tax, estate, and private markets capabilities.
AlphaCore, backed by Constellation Wealth Capital, continues its acquisitive strategy amid rapid industry consolidation. The firm did not disclose financial terms of the transaction.