California-based RIA AlphaCore Wealth Advisory is building out its presence in Colorado with a pivotal merger deal.
The firm has announced an agreement to merge with Denver-based All Season Financial Advisors, under which it will add approximately $200 million in assets under management.
The merger will also bring four team members from All Season to AlphaCore’s Cherry Creek office. Sam Jones, founder of All Season, will join AlphaCore as a partner, continuing to serve clients from Steamboat Springs.
Since founding All Season in 1996, Jones has built a solid business focused on serving high-net-worth individuals and families, bolstered by an ensemble team with expertise in investment management, client service, and financial planning.
“For nearly 30 years, Sam and his team have served the Mountain-West region. The addition of the talented All Season team will immediately strengthen our capabilities in this key wealth market,” Dick Pfister, founder and CEO of AlphaCore, said in a statement Wednesday. “All Season, along with other recent additions in Denver, highlights our commitment to growth and delivering high-quality service to an expanding client base.”
Weighing in on the partnership, Jones said he saw a natural fit and an opportunity to address the evolving needs of All Season's clients.
"AlphaCore offers great resources, including an impressive investment platform that spans both traditional and alternative strategies, along with a dedicated financial planning team,” he said.
Aside from the All Season merger, AlphaCore has strengthened its Denver team by adding three key professionals—Huck Gibson, Ethel McGlynn, and Nate Stewart—as part of its strategic growth efforts.
This marks AlphaCore’s first merger following a recent strategic investment from Constellation Wealth Capital and is expected to close in the fourth quarter of 2024, subject to standard conditions.
The firm first signaled its ambitions for nationwide expansion in June, when it announced LPL veteran Brian Habas as its new COO.
The move follows earlier dealmaking and leadership changes as the Overland Park-based hybrid RIA builds toward a nonprofit-focused institutional platform.
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