Billion Dollar Backstory 35: $3B Alts Platform Co-Founder Turned $3B RIA Founder Dick Pfister of Alphacore on Innovation in Alternatives and Advisory| Why the 60/40 Model Needed a Reset | How to Launch, Build, and Scale a New Idea with Story
Most advisors aim to put their clients first. But, many fall short by leaning on status quo strategies - like 60/40 - that don’t necessarily serve their people in the best way possible.
Today’s guest has built not one, but two billion-dollar businesses. By asking “why not?” and differentiating his investment strategy, $3B RIA founder Dick Phister chose the smart move over the simple move, even when it wasn’t easy to execute (or explain to clients).
Ready to challenge the status quo? Listen in as Dick and Stacy discuss:
● His backstory – how finding his dad’s gold coins sparked his passion for finance
● Why he and his partners built a firm that pioneered the movement of democratizing alternative investments
● How storytelling has helped him attract clients and teammates who align with his unique approach to investing
● Why he believes anyone (even left-brained quants) can master storytelling with the right training
..and so much more.
About Dick Pfister:
Dick has over 25 years of experience in the wealth advisory and financial services with an emphasis on diversifying traditional portfolios with alternative strategies. In 2015, he founded AlphaCore, which has become a leading wealth advisory firm. He serves as AlphaCore’s CEO and managing member of the Investment Committee.
Dick provided investment insight to the San Diego Foundation Investment Committee, the USD Emerging Leaders Council and served as a board member for Voices for Children, a charity focused on helping foster children throughout San Diego. He is also a member of the iCapital Advisory Council.
Dick and his wife, Kristi, have three children and reside in La Jolla.
Resources Mentioned in This Episode:
Songs: Eye Of The Tiger - Survivor
Books: The Obstacle Is The Way By Ryan Holiday , Perennial Seller by Ryan Holiday