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ACR Alpine Capital Research, LLC

Updated today

Client assets under management

$4,772,245,562

Clients

6,960

14% high-net worth

Advisors

9

of 35 employees

Firm type

Multi Team

Clients per advisor

773

Very High

Average account size

$685,667

About

ACR Alpine Capital Research is an SEC-registered, valuation-driven asset manager that provides discretionary portfolio management to institutional investors, financial intermediaries and separately managed account clients, and also serves as adviser to registered mutual funds and private limited partnerships. Its service channels include SMA and sub-advisory mandates, wrap programs, UMA model portfolios, commingled mutual funds (e.g., ACR Opportunity Fund and ACR Equity International Fund) and private funds such as ACR Opportunity LP and Alpine Strategic Credit LP.

The firm’s investment process is primarily bottom-up, fundamental analysis aimed at estimating intrinsic value across strategies such as Equity Quality Return (domestic and global variants), All Cap Partners and opportunistic funds that may invest across the capital structure and geographies; portfolios are generally long-term in orientation, often concentrated, and may hold cash when attractive valuations are not available. ACR typically charges percentage-of-assets-under-management fees for its institutional and SMA relationships and employs performance-based incentive allocations for its private partnerships, while engaging advisors, sponsors and intermediaries through model delivery, sub-advisory arrangements and educational due diligence visits.

Compared with many large enterprise advisers, ACR operates with a relatively small adviser team (nine advisors) while serving a large client base (6,960 clients), reflecting an intermediary-focused distribution model that produces an unusually high client-to-advisor ratio. The firm also stands out for a meaningful non-U.S. client and strategy footprint (including an Equity International Fund and a global EQR variant), the coexistence of liquid mutual funds with private funds that have lock-ups and multi-month redemption notice periods, and the use of affiliated service arrangements (e.g., an affiliated administrative agent for certain loan servicing), which create operational and conflict-of-interest considerations distinct from many peers.

Client services

Portfolio management Educational seminars or workshops Investment advisory to uma models

Expertise

Active portfolio management Private / alternative investments Concentrated stock management Options & derivatives strategies

Fee options

Percentage

$0 - $25 million: 1.00% $25 million - $50 million: 0.875% $50 million+: 0.75%

Performance-based

Performance-based fees of 20% over hurdle rates for ACR Opportunity LP and Alpine Strategic Credit LP

Other

Account minimum: $10,000,000 Minimum fee: Minimum fee of $100,000 for Institutional and SMA Advisory services Fee-only: Advisory fees based on assets under management; no commissions on advice

Main office location

ACR Alpine Capital Research, LLC

190 Carondelet Plaza, Suite 1300

St. Louis MO 63105, United States

Number of offices

8

Most active in

Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Nicholas T

CFP®, Series 63, Series 66

Canby, OR

ACR Alpine Capital Research, LLC

Nicholas Taggart is a CFP® with 22 years of industry experience, currently serving at ACR Alpine Capital Research, LLC. He has worked at IMST Distributors, LLC and Cetera Advisors LLC prior to his current roles. ACR Alpine Capital Research provides discretionary equity and credit portfolio management to institutional investors, intermediaries, and pooled investment vehicles. The firm employs a fundamental, valuation-based investment approach across various strategies, including global equity and credit-focused partnerships, and serves a large client base through institutional account management, separately managed accounts, and fund platforms.

Active portfolio management Private / alternative investments Concentrated stock management Options & derivatives strategies
user avatar

Brandon R

Series 66

Canby, OR

ACR Alpine Capital Research, LLC

Active portfolio management Private / alternative investments Concentrated stock management Options & derivatives strategies
user avatar

Darryl G

Series 63, Series 65

Mount Laurel, NJ

ACR Alpine Capital Research, LLC

Darryl Grayson is a financial advisor at ACR Alpine Capital Research, LLC with 29 years of industry experience. He holds Series 63 and Series 65 licenses and has been with Alpine Capital Research since 2017. Grayson also has experience with IMST Distributors, LLC and Alpine Investment Management, LLC. ACR Alpine Capital Research provides discretionary equity and credit portfolio management to institutional investors, intermediaries, and pooled investment vehicles. The firm utilizes a fundamental, valuation-based, bottom-up investment approach across various equity and credit strategies and serves a broad client base through multiple account management platforms.

Active portfolio management Private / alternative investments Concentrated stock management Options & derivatives strategies
user avatar

Willard T

Series 63, Series 66

St. Louis, MO

ACR Alpine Capital Research, LLC

Willard Tow is a financial advisor at ACR Alpine Capital Research, LLC with 8 years of industry experience. He holds Series 63 and Series 66 licenses and has worked at IMST Distributors, LLC since 2017 while also supporting client relations and marketing efforts at Alpine Capital Research, LLC. ACR Alpine Capital Research provides discretionary equity and credit portfolio management to institutional investors, intermediaries, and pooled investment vehicles, offering a fundamental, valuation-based investment approach across various equity and credit strategies. The firm serves a large client base through a small advisor team and acts as adviser to registered mutual funds and private partnerships.

Active portfolio management Private / alternative investments Concentrated stock management Options & derivatives strategies
user avatar

Gregory H

Series 66

St. Louis, MO

ACR Alpine Capital Research, LLC

Gregory Halvachs is a financial advisor at ACR Alpine Capital Research, LLC with five years of industry experience. He holds a Series 66 designation and has previously worked at IMST Distributors, Wells Fargo Advisors, and Argent Capital Management. ACR Alpine Capital Research provides discretionary equity and credit portfolio management to institutional investors, intermediaries, and pooled investment vehicles. The firm employs a fundamental, valuation-based, bottom-up investment approach across a range of equity and credit strategies, serving a large client base through institutional account management, separately managed accounts, wrap programs, and commingled funds.

Active portfolio management Private / alternative investments Concentrated stock management Options & derivatives strategies
user avatar

Willem S

CFA®, Series 66

Saint Louis, MO

ACR Alpine Capital Research, LLC

Willem Schilpzand is a CFA® charterholder and holds a Series 66 license, with 12 years of industry experience. He has been with Alpine Investment Management LLC since 2010. ACR Alpine Capital Research, LLC provides discretionary equity and credit portfolio management to institutional investors, intermediaries, and pooled investment vehicles. The firm employs a fundamental, valuation-based, bottom-up investment process and manages a range of strategies including global equity, international equity, and credit-focused partnerships.

Active portfolio management Private / alternative investments Concentrated stock management Options & derivatives strategies
user avatar

Timothy P

CFA®

Saint Louis, MO

ACR Alpine Capital Research, LLC

Timothy Piechowski is a CFA® charterholder with nine years of industry experience. He has worked at Alpine Investment Management LLC since 2010. ACR Alpine Capital Research, LLC provides discretionary equity and credit portfolio management to institutional investors, intermediaries, and pooled investment vehicles. The firm employs a fundamental, valuation-based, bottom-up investment process and manages a range of strategies including global equity and credit-focused partnerships.

Active portfolio management Private / alternative investments Concentrated stock management Options & derivatives strategies
user avatar

Nicholas T

CFA®, Series 63, Series 65

St. Louis, MO

ACR Alpine Capital Research, LLC

Nicholas Tompras is a CFA® charterholder with 27 years of industry experience. He has been with ACR Alpine Capital Research, LLC since 2017 and previously worked at Alpine Investment Management, LLC from 1999 to 2016. He serves as Non-Executive Chairman of Alpine Private Capital, LLC, where he provides strategic leadership and oversees the hiring and assessment of the company’s president. ACR Alpine Capital Research offers discretionary equity and credit portfolio management to institutional investors, intermediaries, and pooled investment vehicles. The firm employs a fundamental, valuation-based, bottom-up investment approach with an emphasis on concentrated, long-term holdings and manages a range of strategies across global markets and capital structures.

Active portfolio management Private / alternative investments Concentrated stock management Options & derivatives strategies
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