Wealth Advisor Growth Network Sells Elk River Wealth Management to AlphaCore

Wealth Advisor Growth Network Sells Elk River Wealth Management to AlphaCore

Deal Highlights the Power of RIA Independence and Strategic Growth

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.

Elk 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’s support, it grew to more than $1 billion.

“Elk River represents why we built WAGN: to help advisors control their futures, build equity, and create lasting enterprise value,” said WAGN partner Jay Hummel. “This transaction demonstrates what’s possible when advisors bet on themselves.”