Alden Investment Advisors provides financial planning and portfolio management for individuals and small businesses.
Alden Investment Advisors reports 1,460 clients. They include 1,350 individual clients, 107 high-net-worth individuals, and 3 pension and profit-sharing plans. Of its assets, 90.2% ($348M across 1,457 accounts) are managed with discretion; $37.7M across 3 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 92% | 84% |
| High-net-worth individuals | 7% | 7% |
| Pension and profit-sharing plans | <1% | 10% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,350 | $323M | 83.6% | $239K |
| High-net-worth individuals | 107 | $25.4M | 6.6% | $237K |
| Pension and profit-sharing plans | Fewer than 5 | $37.7M | 9.8% | $12.6M |
| Total | 1,460 | $386M | 100% | — |
- Clients
- 1,350
- Regulatory AUM
- $323M
- AUM share
- 83.6%
- Avg. per client
- $239K
- Clients
- 107
- Regulatory AUM
- $25.4M
- AUM share
- 6.6%
- Avg. per client
- $237K
- Clients
- Fewer than 5
- Regulatory AUM
- $37.7M
- AUM share
- 9.8%
- Avg. per client
- $12.6M
Total
- Clients
- 1,460
- Regulatory AUM
- $386M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Alden Investment Advisors is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Fee-Only Financial Planning
- Financial planning is available for a fee without requiring advisory services, billed as a one-time fee or a monthly retainer. No rate is stated in the brochure.
Alden Partners LLC owns 75% or more of Alden Investment Advisors 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 43 employees, 38 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
39 representatives listed in the SEC register as of 9 October 2026.
- Jonathan Allen
- william jude atkins
- Robert Emmett Burns
- Lee Albert Calfo
- Guy Roger Collins
- Christopher John Coloracci
- Derek Rudolf D'Alonzo
- Deborah Ann Davis
- J Pierce Dever
- John Ramsay Ellis
- Anthony J. Falco JR
- Joseph David Gastaldi
- Andrew J Giannone
- David Allen Gibbs
- Wendy Lesa Gipson-Fitzpatrick
- Nathan Daniel Goad
- Scott Brian Hinkle
- Courtney Ann Kucish
- Delaina Sue Kucish
- Robert Arthur Lansing
- John Martin Lensing
- Eric Scott Maslowsky
- Gustavo Isaac Masri
- Anthony Vekony McCracken JR.
- Marques Dalon Miles
- John Francis Mulqueen JR
- Sean Travis Newman
- Gregory Andrew Obin
- Jacqueline M Oprean
- Stephen Douglas Patterson Jr.
- James Eric Quillen
- Matthew Thomas Resch
- James Robert Scott
- Anthony J Seifert
- Nicole Elizabeth Sennett
- Patrick James Sirayathorn
- Karen M. Van Horn
- Craig M Wiener
- Todd Zangrilli
Staff
- 43 employees
- 38 in advisory functions
- 37 broker-dealer reps
- 5 insurance agents
- Owns 75% or more of Alden Investment Advisors, LLC
Alden Partners LLC
Control person · since October 2021
- Owns 50% to 75% of Alden Partners LLC
Lee Calfo
Control person · since October 2021
Alden Investment Advisors’ regulatory assets grew 3.6× from $107M (April 2022) to $386M (September 2026); clients rose from 366 to 1,460 and employees from 7 to 43.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $386M | 1,460 | 43 | 2 |
| June 2025 | $319M | 978 | 45 | 1 |
| March 2024 | $291M | 953 | 32 | 1 |
| May 2023 | $207M | 722 | 27 | 1 |
| April 2022 | $107M | 366 | 7 | 1 |
Besides its headquarters, Alden Investment Advisors has 1 office, with 2 listed addresses in Pennsylvania.
Pennsylvania · 2 listed addresses
- 37 West Avenue, Suite 301, WayneHQ
- 48 West Oakland Avenue, Doylestown
Other business names
Alden Investment Advisors has reported 10 other business names to the SEC.
- Cove Wealth Partners
- Gipson - Fitzpatrick Investment Management
- Hallthorn Advisory Services
- Lensing Financial Solutions
- Monumental Investments
- North Park
- Pathways Retirement Advisors
- Protea Wealth Management
- Retirement Plan Stewards & Advocates
- Trident Retirement Plan
Contact and registration details
- Legal name
- Alden Investment Advisors, LLC
- Headquarters
- 37 West Avenue, Suite 301, Wayne, PA 19087-3226
- Website
- aldeninvestmentgroup.com
- Phone
- 215-572-8700
- @alden-investment-group
- SEC file
- 801-122688
- Structure
- Delaware LLC
- Fiscal year end
- December
Alden Investment Advisors uses Charles Schwab ($247M, 99%) and Interactive Brokers ($2.72M, 1%) as custodians for its separately managed accounts. Alden Investment Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $247M99%
- Interactive BrokersInteractive Brokers Corp. · Greenwich, CT · $2.72M1%
At year end, Alden Investment Advisors’ separately managed accounts were mostly in stocks (55%) and funds (44%).
What the accounts hold
- Stocks55%
- Funds44%
- Cash1%
How many clients does Alden Investment Advisors have?
Alden Investment Advisors has 1,460 clients and manages $386 million for them, as of September 2026. They include 1,350 individual clients, 107 high-net-worth individuals, and 3 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 September 2026
What services does Alden Investment Advisors offer?
Alden Investment Advisors provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Alden Investment Advisors use?
Alden Investment Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Orlando, FL), with $247M and Interactive Brokers Corp. (Greenwich, CT), with $2.72M. 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 Investment Advisors have?
Alden Investment Advisors has 0 investment adviser representatives registered with state securities authorities, out of 43 employees, and 38 perform investment advisory functions. 37 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 Investment Advisors invest in?
At the end of its last fiscal year, Alden Investment Advisors’ separately managed accounts held 55% exchange-traded equities, 44% registered funds (mutual funds, ETFs, BDCs) and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Alden Investment Advisors?
Alden Investment Advisors 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 Investment Advisors get paid?
Alden Investment Advisors 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 Investment Advisors registered with the SEC?
Yes, Alden Investment Advisors has been registered with the SEC as an investment adviser since 12 November 2021. Its CRD number is 317077 and its SEC file number is 801-122688.
Source: Form ADV Part 1A, Item 1, filed 2 September 2026; IAPD firm record
How do I contact Alden Investment Advisors?
Alden Investment Advisors’ main office is at 37 West Avenue, Suite 301, Wayne, PA 19087-3226. Its phone number is 215-572-8700. Its website is aldeninvestmentgroup.com.