Alden Capital Management provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. The firm advises 1 private fund.
Alden Capital Management reports 2,552 clients. They include 2,321 individual clients, 183 high-net-worth individuals and 47 other clients. Of its assets, 54.3% ($823M across 2,504 accounts) are managed with discretion; $692M across 47 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 91% | 49% |
| High-net-worth individuals | 7% | 4% |
| Pooled investment vehicles | <1% | 1% |
| Other | 2% | 46% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 2,321 | $749M | 49.4% | $323K |
| High-net-worth individuals | 183 | $59M | 3.9% | $322K |
| Pooled investment vehicles | 1 | $15.8M | 1.0% | $15.8M |
| Other | 47 | $692M | 45.7% | $14.7M |
| Total | 2,552 | $1.52B | 100% | $594K |
- Clients
- 2,321
- Regulatory AUM
- $749M
- AUM share
- 49.4%
- Avg. per client
- $323K
- Clients
- 183
- Regulatory AUM
- $59M
- AUM share
- 3.9%
- Avg. per client
- $322K
- Clients
- 1
- Regulatory AUM
- $15.8M
- AUM share
- 1.0%
- Avg. per client
- $15.8M
- Clients
- 47
- Regulatory AUM
- $692M
- AUM share
- 45.7%
- Avg. per client
- $14.7M
Total
- Clients
- 2,552
- Regulatory AUM
- $1.52B
- AUM share
- 100%
- Avg. per client
- $594K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
Alden Capital Management charges up to 2.00% a year for its Customized Management. The fee is billed in arrears and is negotiable.
Fee details and sources
Alden Partners LLC owns 75% or more of Alden Capital Management and is in turn owned by Lee Calfo (50–75%). Lee Calfo is CEO; the leadership team includes Chief Operating Officer John Mulqueen and Chief Compliance Officer Karen Van Horn. It has 23 employees, 19 of them in advisory roles.
Leadership
- Lee CalfoChief Executive Officer
- John MulqueenChief Operating Officer
- Karen Van HornChief Compliance Officer
- Aaron WilliamsManaging Director
Investment adviser representatives
19 representatives listed in the SEC register as of 9 October 2026.
- william jude atkins
- Robert Emmett Burns
- Lee Albert Calfo
- Richard Shant Chebookjian MR.
- Christopher John Coloracci
- John Colucci
- J Pierce Dever
- Robert Edward Fish
- Andrew J Giannone
- Paul Joseph LaFountain
- Anthony Vekony McCracken JR.
- John Francis Mulqueen JR
- James Nendel Pepperman
- Frederick Charles Peters
- Matthew Thomas Resch
- Kathleen Elizabeth Schroeder
- William Ross Small
- Karen M. Van Horn
- Craig M Wiener
Staff
- 23 employees
- 19 in advisory functions
- 19 broker-dealer reps
- 5 insurance agents
- Owns 75% or more of Alden Capital Management Inc.
Alden Partners LLC
Control person · since February 2018
- Owns 50% to 75% of Alden Partners LLC
Lee Calfo
Control person · since February 2018
Alden Capital Management’s regulatory assets grew 3.2× from $478M (May 2021) to $1.52B (September 2026); clients rose from 909 to 2,552 and employees from 10 to 23.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $1.52B | 2,552 | 23 | 4 |
| June 2025 | $1.44B | 3,147 | 24 | 5 |
| March 2024 | $657M | 926 | 19 | 5 |
| May 2023 | $604M | 761 | 20 | 5 |
| April 2022 | $672M | 1,348 | 30 | 5 |
| May 2021 | $478M | 909 | 10 | 6 |
Besides its headquarters, Alden Capital Management has 3 offices, with 4 listed addresses in Pennsylvania.
Pennsylvania · 4 listed addresses
- 37 West Ave, Suite 301, WayneHQ
- 100 Deerfield Lane, Malvern
- 100 Springhouse Drive, Collegeville
- West Oakland Avenue, Doylestown
Other business names
Alden Capital Management has reported 11 other business names to the SEC.
- Alden Investment Group
- Cove Wealth Partners
- Gipson - Fitzpatrick Investment Managemen
- Hallthorn Advisory Services
- Lensing Financial Solutions
- Monumental Investments
- North Park
- Pathways Retirement Advisors
- Retirement Plan Stewards & Advocates
- Strategic Wealth Management Advisors
- Trident Retirement Plan
Contact and registration details
- Legal name
- Alden Capital Management Inc.
- Headquarters
- 37 West Ave, Suite 301, Wayne, PA 19087
- Website
- aldeninvestmentgroup.com
- Phone
- 215-572-8700
- SEC file
- 801-116941
- Structure
- Pennsylvania corporation
- Fiscal year end
- December
Alden Capital Management uses Charles Schwab ($5.1B, 98%), Fidelity ($108M, 2%) and Interactive Brokers ($841K, 0%), among others, as custodians for its separately managed accounts. Alden Capital Management has custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $5.1B98%
- FidelityFidelity Distributors Company LLC · Smithfield, RI · $108M2%
- OtherAxos Clearing, Interactive Brokers0%
At year end, Alden Capital Management’s separately managed accounts were mostly in stocks (68%) and funds (29%).
What the accounts hold
- Stocks68%
- Funds29%
- Cash3%
How many clients does Alden Capital Management have?
Alden Capital Management has 2,552 clients and manages $1.52 billion for them, as of September 2026. They include 2,321 individual clients, 183 high-net-worth individuals and 47 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 September 2026
What services does Alden Capital Management offer?
Alden Capital Management provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Alden Capital Management charge?
Alden Capital Management charges up to 2.00% a year for its Customized Management. The fee is billed in arrears and is negotiable.
Source: ALDEN CAPITAL MANAGEMENT ADV PART 2A, filed 26 March 2026
Which custodians does Alden Capital Management use?
Alden Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $5.1B, Fidelity Distributors Company LLC (Smithfield, RI), with $108M, Interactive Brokers Corp. (Greenwich, CT), with $841K and Axos Clearing LLC (Omaha, NE), with $128K. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 September 2026
How many financial advisors does Alden Capital Management have?
Alden Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 23 employees, and 19 perform investment advisory functions. 19 employees are registered representatives of a broker-dealer and 5 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Alden Capital Management invest in?
At the end of its last fiscal year, Alden Capital Management’s separately managed accounts held 68% exchange-traded equities, 29% registered funds (mutual funds, ETFs, BDCs) and 3% cash and equivalents. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Alden Capital Management?
Alden Capital Management is owned through a holding company by Lee Calfo. Its direct owner is Alden Partners LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 2 September 2026
How does Alden Capital Management get paid?
Alden Capital Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Alden Capital Management registered with the SEC?
Yes, Alden Capital Management has been registered with the SEC as an investment adviser since 9 July 2019. Its CRD number is 293551 and its SEC file number is 801-116941.
Source: Form ADV Part 1A, Item 1, filed 2 September 2026; IAPD firm record
How do I contact Alden Capital Management?
Alden Capital Management’s main office is at 37 West Ave, Suite 301, Wayne, PA 19087. Its phone number is 215-572-8700. Its website is aldeninvestmentgroup.com.