AlphaCore Capital, a La Jolla, CA based investment advisor has seen increased demand for alternative allocations from independent advisors.
The firm has expanded their team and hired Senior Investment Advisor Brett Upper to assist independent advisors navigate the changing alternative investment universe. While demand for alternative investments from advisors has increased, so has the need for expertise in this widely dispersed investment space.
AlphaCore works with advisors and investors to integrate alternative investments as a core allocation in tandem with traditional investments.
Upper strongly believes that the demand for alternative investments from advisors underscores the positive effect of alternatives in an investment portfolio.
"Advisors realise that these investments are becoming a mainstay piece in the well-balanced portfolio that can help investors participate in the market upside but also potentially insulate against inevitable market volatility," says Upper. "As such, they want to provide access to their clients. We are here to help them potentially avoid the pitfalls that can occur when allocating on your own."
AlphaCore Founder and CEO Dick Pfister (pictured) adds: "As access and talent in the alternative investment landscape continues to gravitate to a more cost-effective, transparent format, we are excited to offer our services to advisors looking to diversify a traditional portfolio. We are thrilled to welcome Brett to our team, and in doing so, expand our ability to serve independent advisors across the US."
Prior to joining AlphaCore, Upper was a partner at Nautical Wealth Management. Brett has over 10 years of experience in various investment and advisory related fields. Previously he served as fixed income analyst for VCG Securities on Wall Street and commercial real estate analyst for Diversified Partners Development Company. Brett's diverse background uniquely positions him to serve advisors and individuals in alternatives by leveraging his understanding of a broad spectrum of asset classes.
AlphaCore has also promoted existing Senior Wealth Manager Dirk Harris to managing director of the firm's Private Client Group in order to best serve existing ultra-high net worth clients. "Local high net worth investors have been the genesis of AlphaCore. Dirk's skillset allows us to continue with the high level of service and innovative asset allocations they have come to expect," added Pfister.