AlphaCore (No Ticker) Acquires Elk River Wealth Management for Growth

AI Summary

AlphaCore Wealth Advisory has acquired Elk River Wealth Management, which oversees nearly $1 billion in assets. This acquisition broadens AlphaCore's reach in Colorado, particularly in the Cherry Creek area, although financial terms remain undisclosed. After the acquisition, AlphaCore will employ over 120 staff members across five offices in the U.S. The deal represents a continuation of AlphaCore's expansion strategy following previous acquisitions of Johnston & Associates and All Season Financial, aimed at enhancing its resources and operational capacity.