Alpha Fiduciary is a fee-only wealth management firm headquartered in Scottsdale, Arizona. The firm offers clients a range of investment, financial planning and retirement planning solutions. Alpha works with both individual and institutional clients, including pooled investment vehicles.
Alpha was rated among the best financial advisory firms in Phoenix and Scottsdale, Arizona, for 2020-2021 by Advisory HQ.
Alpha Fiduciary Background
Alpha Fiduciary was established in 2006 by founder and firm president Arthur Doglione. Curtis Anderson is the firm’s managing director and Alan Gilmore is the firm’s chief compliance officer (CCO).
Alpha Fiduciary Client Types and Minimum Account Sizes
Alpha Fiduciary’s clients include individuals and high-net-worth individuals, trusts, estates, charitable organizations, corporations, pension plans and 401(k)s and pooled investment accounts. The firm generally requires a minimum account size of $1 million to establish an advisory relationship.
Services Offered by Alpha Fiduciary
Alpha Fiduciary offers the following advisory services:
- Discretionary portfolio management
- Custom portfolios
- Model portfolios
- Financial planning
- Cash flow planning
- Asset allocation/investment planning
- Education planning
- Real estate/mortgage planning
- Retirement planning
- Selection of other advisors, including private fund managers
Alpha Fiduciary Investment Philosophy
Alpha Fiduciary says it invests client assets across multiple asset classes to earn targeted investment returns while achieving lower volatility. Investments the firm utilizes include stocks, managed futures, government and corporate bonds and other alternative investments.
The firm says on its website that its investment strategies mix low-cost exchange-traded funds (ETFs) with carefully selected active strategies.
To identify suitable investment products and strategies for clients, the firm's Investment Committee discusses research, academic theory, the firm's own investment philosophy, and current market conditions on approximately a weekly basis. The committee then constructs and modifies portfolios across multiple asset classes to achieve proper diversification as well as to take advantage of trends which may result in superior returns.
Fees Under Alpha Fiduciary
For financial planning services, Alpha Fiduciary generally charges an hourly fee of $350 or fixed rates ranging from $1,000 to $10,000. The firm also advises its Alpha Fiduciary Quantitative Strategy, a mutual fund with management fees ranging from 0.25% to 1.00% of assets under management (AUM).
We’ve listed Alpha Fiduciary’s fee schedule for investment advisory services below:
|Up to $3MM||1.15%|
|Over $3MM but under $5MM||0.85%|
|Over $5MM but under $10MM||0.75%|
|Over $10MM but under $20MM||0.65%|
|Over $20MM but under $50MM||0.45%|
Here's what your advisory fees may look like based on the size of your account:
|*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.|
|Estimated Investment Management Fees at Alpha Fiduciary*|
|Your Assets||Alpha Fiduciary Fee Amounts|
|$500K||Required account minimum not met|
What to Watch Out For
Alpha Fiduciary has one regulatory disclosure on its record. In 2015, the U.S. Security and Exchange Commission (SEC) alleged that from 2010 to 2013 the firm used marketing materials for performance results that didn’t contain adequate disclosures.
The SEC also alleged that Arthur Doglione and Alpha Fiduciary failed to implement compliance procedures to prevent the use of such materials. The disclosure was settled through a censure, cease and desist order and a fine of $250,000.
Otherwise, you won’t have much to be concerned about when it comes to Alpha Fiduciary. The firm is only compensated for the services it provides, and it operates under a fiduciary standard.
All information is accurate as of the writing of this article.
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