{"id":697009,"date":"2026-06-11T04:13:12","date_gmt":"2026-06-11T04:13:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/697009\/"},"modified":"2026-06-11T04:13:12","modified_gmt":"2026-06-11T04:13:12","slug":"wealth-advisor-growth-network-sells-elk-river-wealth-management-to-alphacore","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/697009\/","title":{"rendered":"Wealth Advisor Growth Network Sells Elk River Wealth Management to AlphaCore"},"content":{"rendered":"

DENVER–(BUSINESS WIRE<\/a>)–Wealth Advisor Growth Network (WAGN) announced the sale of Elk River Wealth Management, an independent registered investment advisor (RIA) it helped launch in 2020, to AlphaCore Wealth, a firm backed by Constellation Wealth Capital.<\/p>\n

\u201cElk River represents why we built WAGN: to help advisors control their futures, build equity, and create lasting enterprise value. This transaction demonstrates what\u2019s possible when advisors bet on themselves.\u201d<\/p>\n

Share<\/a><\/p>\n

\nElk River began when a team of advisors left the Bank of Oklahoma and embraced independence. Initially, the firm managed approximately $360 million in assets under management (AUM); with WAGN\u2019s support, it grew to more than $1 billion.<\/p>\n

\n\u201cElk River represents why we built WAGN: to help advisors control their futures, build equity, and create lasting enterprise value,\u201d said WAGN partner Jay Hummel. \u201cThis transaction demonstrates what\u2019s possible when advisors bet on themselves.\u201d<\/p>\n

\nWAGN partnered closely with the Elk River team\u2014guiding the breakaway process, building operational infrastructure, supporting organic growth initiatives, and positioning the firm for long-term success. The result was a nearly threefold increase in AUM and a significant liquidity event for the firm\u2019s owners.<\/p>\n

\nThe sale to AlphaCore Wealth provides Elk River additional resources and strategic alignment to continue serving clients at the highest level.<\/p>\n

\n\u201cThis outcome reflects years of disciplined execution, client-first focus, and a commitment to building something meaningful,\u201d said Chris Freimuth, CEO at Elk River Wealth Management. \u201cWAGN was instrumental in making the leap to independence and maximizing our value.\u201d<\/p>\n

\nThe transaction underscores a broader industry trend as advisors increasingly seek independence to unlock growth, ownership, and enterprise value. WAGN\u2019s focus is on partnering with advisors at critical inflection points\u2014whether launching, scaling, or ultimately monetizing their businesses.<\/p>\n

\n\u201cWe believe advisors create both client and enterprise value through independence,\u201d added WAGN partner John Phoenix. \u201cElk River\u2019s journey is a case study in what\u2019s possible.\u201d<\/p>\n

\nAbout Wealth Advisor Growth Network: WAGN<\/a> is a Denver-based firm that partners with financial advisors to launch, grow, and optimize independent wealth management firms. Through strategic guidance, operational support, and growth-focused resources, WAGN helps advisors build valuable, scalable enterprises while delivering exceptional client outcomes.<\/p>\n

\nAbout Elk River Wealth Management: Elk River is an independent RIA committed to delivering personalized financial planning and investment management services to individuals and families.<\/p>\n

\nAbout AlphaCore Wealth: AlphaCore is a boutique wealth management firm focused on delivering institutional-quality investment solutions to high-net-worth clients. The firm is backed by Constellation Wealth Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"DENVER–(BUSINESS WIRE)–Wealth Advisor Growth Network (WAGN) announced the sale of Elk River Wealth Management, an independent registered investment…\n","protected":false},"author":2,"featured_media":697010,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,147,530],"class_list":["post-697009","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/697009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=697009"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/697009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/697010"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=697009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=697009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=697009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}