AlphaCore Wealth Advisory Expands East Coast Presence with SPC Financial Acquisition
AlphaCore Wealth Advisory has acquired SPC Financial, Inc., a Rockville, MD–based advisory and tax services firm. The transaction marks another milestone in AlphaCore’s nationwide expansion strategy, establishing a significant East Coast presence while broadening the firm’s tax planning and preparation expertise.
Founded in 1970 and led by President and CEO Edward “Jeff” Sella, SPC brings $1.5 billion in client assets and a team of nearly 40 professionals serving clients throughout the greater Washington, D.C., Maryland, and Virginia region. With this acquisition, AlphaCore will oversee more than $8.5 billion in total client assets and employ over 100 professionals across offices in La Jolla, Denver, Austin, Greenwich, and now Rockville.
“When we founded AlphaCore, our vision was to build an enduring boutique wealth management firm that delivers a premium client experience through both scale and comprehensive services,” said Dick Pfister, Founder and CEO of AlphaCore. “This partnership with SPC, following our acquisition earlier this year of Callan Capital, is transformative for our firm, our advisors, and the clients we serve.”
The addition of SPC follows a year of rapid organizational growth for AlphaCore. The firm recently welcomed David Stubbs, former chief investment strategist at Blackstone, as well as Walter Murphy, director of business development for the Northeast, and Natalie Roberts, CCO. Internal promotions include Madeline Hume to associate director of research and the appointment of several new partners: Brad Lipman (director of tax), Jason Davis (director of advisory), and senior wealth advisors Rory McGlynn and Matt Gilchrist.
The SPC acquisition is expected to close in Q4 2025.
