AlphaCore Wealth Advisory Acquires Elk River Wealth Management, Adding $1B in Assets

Deal Summary

AlphaCore Wealth Advisory, a La Jolla‑based alternatives‑focused RIA with about $10 billion AUM, completed the acquisition of Elk River Wealth Management, a Cherry Creek, Colorado RIA managing roughly $1 billion. The deal brings Elk River’s senior advisors into AlphaCore and expands its presence in Denver, Cherry Creek and Arizona, with the Elk River team receiving equity in AlphaCore. The transaction is now closed, increasing AlphaCore’s staff to over 120.