Ropes & Gray Advises iCapital Network in Sale of Private Client Group to AlphaCore Wealth Advisory
Ropes & Gray advised iCapital Network in the sale of the rights to acquire Artivest’s Private Client Group, a team that serves high net-worth clients, to AlphaCore Wealth Advisory. The transaction was announced on Sept. 30. The press release is here.
The right to acquire the PCG team was granted to iCapital Network as part of the firm's recent acquisition of Artivest. The PCG team, based in La Jolla, is composed of six seasoned investment professionals and serves over 600 high net-worth family relationships. AlphaCore is a leading wealth advisor firm focused on allocating to traditional and alternative investments.
The Ropes & Gray team that represented iCapital Network was led by asset management partner Michael Doherty and private equity partner Scott Abramowitz (both of New York), and included employment, executive compensation & benefits partner Joshua Lichtenstein (New York), asset management partner Brynn Rail (New York) and tax partner James Brown.