AlphaCore Wealth Enhances Capabilities with Callan Capital Acquisition

Deal News | May 08, 2025 | Wilmer Cutler Pickering Hale and Dorr LLP

AlphaCore Wealth Enhances Capabilities with Callan Capital Acquisition

AlphaCore Wealth Advisory, an independent registered investment advisory firm based in San Diego, has successfully acquired Callan Capital, a fellow San Diego-based wealth management firm with $2.4 billion in assets under advisement. This strategic acquisition, announced on March 25, 2025, is set to substantially enhance AlphaCore's ultra-high net worth and family office services, marking a significant expansion of its capabilities. The merger positions the combined entity as one of the leading registered investment advisors in California. Legal advisory for the transaction was provided by Wilmer Cutler Pickering Hale and Dorr LLP, with a team led by several notable attorneys.

Sectors

  • Financial Services
  • Legal Services

Geography

  • United States – Both AlphaCore Wealth Advisory and Callan Capital are based in San Diego, California, making the U.S. the geographical focus.
  • California – California is the state in which both companies are headquartered and where the merged entity will operate as a major investment advisory.

Industry

  • Financial Services – The acquisition involves firms within the financial services industry, specifically in wealth management and investment advisory.
  • Legal Services – Wilmer Cutler Pickering Hale and Dorr LLP provided legal advice for the transaction, representing the legal services industry.

Financials

  • $2.4 billion – The amount of assets under advisement by Callan Capital at the time of acquisition.

Participants

NameRoleTypeDescription
AlphaCore Wealth AdvisoryBidding CompanyCompanyAn independent registered investment advisory firm based in San Diego.
Callan CapitalTarget CompanyCompanyA San Diego-based wealth management firm with $2.4 billion in assets under advisement.
Wilmer Cutler Pickering Hale and Dorr LLPLegal AdvisorCompanyProvided legal advice to AlphaCore Wealth during the acquisition.
Stephanie Evans, Will Myer, Virginia Pavlick, Scott Kilgore, Tim Silva, Bill Caporizzo, Carolyn Cody, Nathan Moore, Alex Dean, Lorri StrizichLegal TeamPeoplePart of the WilmerHale team that advised on the acquisition.