Merger of AlphaCore, Callan Capital to Form RIA With $6.5 Billion in Assets
Independent registered investment adviser AlphaCore Wealth Advisory announced its merger with Callan Capital, a San Diego-based wealth management firm overseeing $2.4 billion in assets under advisement. Financial terms were not disclosed.
The firms said that the strategic combination enhances AlphaCore’s ultra-high-net-worth and family office capabilities, strengthening its presence in both San Diego, Calif., and Denver, Colo., while opening a new market in Austin, Texas.
The combined organizations will retain the AlphaCore brand name and when merged, have approximately $6.5 billion in assets. It will be one of the largest RIAs in California.
Founded in 2007, Callan Capital has provided specialized wealth management services catering to business owners, executives, and multi-generational families. The firm’s knowledge in complex planning, tax-efficient strategies, and family office solutions complement AlphaCore’s commitment to providing personalized planning services and differentiated investment solutions.
“AlphaCore is committed to expanding with partners who share our dedication to excellence in wealth management,” said Dick Pfister, chief executive officer and founder of AlphaCore. “This merger is a natural evolution of our long-standing relationship with Callan Capital. I believe that Trevor, Tim, and Ryan bring exceptional leadership and expertise, strengthening our ability to serve wealthy families and deliver a full suite of family office services.”
By bringing these firms together, Callan will play a critical role in accelerating the launch of AlphaCore Family Office Services, offering expanded tax advisory, estate planning, and philanthropic strategies, alongside the existing institutional investment management solutions available to AlphaCore’s high-net worth and ultra-high-net-worth clients.
“We feel fortunate to have known AlphaCore for two decades and are confident in our shared vision and alignment of core values. … This partnership ensures and strengthens our ability to deliver on that commitment today and for generations to come,” said Trevor Callan, co-founder of Callan Capital.
As part of the transition, Trevor Callan and Tim Callan will join AlphaCore’s Management Committee, and Ryan Callan will spearhead the launch of AC Family Office Services. Their leadership, along with their 24-person team of skilled professionals spanning operations, compliance, human resources, financial planning, and wealth advisory, will integrate into the combined firm, contributing to its continued growth and client service excellence.
“It is my belief that AlphaCore’s investment expertise, scale, and growth-oriented approach provides the ideal platform to elevate our team and enhance our capabilities while maintaining the high-touch service our clients expect,” Trevor Callan added.
The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions.
“We have developed a disciplined and selective inorganic growth strategy, as highlighted in our partnerships with All Season Financial, enTrust Wealth Advisors, and now Callan Capital. Our goal is to continue bringing on top-tier talent and complementary skillsets to strengthen our presence in key markets,” said Aidan Walsh, head of corporate development of AlphaCore.
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