Clients
Alpha Architect serves 135 clients, 88 of them high-net-worth individuals. The average client has about $100 million with the firm, and high-net-worth clients hold 6% of its $13.5 billion in assets.
- High-net-worth individuals88 clients6%
- Investment companies11 clients93%
- OtherIndividuals, Corporations and other businesses2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 28 | $62,814,478 | 0.5% | $2.24M |
| High-net-worth individuals | 88 | $789,353,245 | 5.8% | $8.97M |
| Investment companies | 11 | $12,503,548,134 | 92.6% | $1.14B |
| Corporations and other businesses | 8 | $146,927,147 | 1.1% | $18.4M |
| Total | 135 | $13,502,643,004 | 100% | $100.0M |
- Clients
- 28
- Regulatory AUM
- $62,814,478
- Share
- 0.5%
- Avg. per client
- $2.24M
- Clients
- 88
- Regulatory AUM
- $789,353,245
- Share
- 5.8%
- Avg. per client
- $8.97M
- Clients
- 11
- Regulatory AUM
- $12,503,548,134
- Share
- 92.6%
- Avg. per client
- $1.14B
- Clients
- 8
- Regulatory AUM
- $146,927,147
- Share
- 1.1%
- Avg. per client
- $18.4M
Total
- Clients
- 135
- Regulatory AUM
- $13,502,643,004
- Share
- 100%
- Avg. per client
- $100.0M
What it does
Alpha Architect provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions and other activities. It is paid through a percentage of assets and fixed fees.
Alpha Architect provided financial planning to 0 clients last fiscal year and advises no private funds.
100.0% of assets ($13.50B across 135 accounts) are managed with discretion. 1% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks89%
- Funds4%
- Cash3%
- Other4%
- Derivatives4%
Custodians
Alpha Architect’s client accounts are held mainly at Interactive Brokers, with 5% of managed assets. Alpha Architect does not have custody of client assets.
- Interactive BrokersInteractive Brokers LLC · Greenwich, CT · $711.7M5%
- All other custodians$12.79B95%
Ownership and leadership
Empirical Finance, LLC owns 75% or more of Alpha Architect, and Wesley Gray is its CEO.
- Owns 75% or more of Alpha Architect, LLC
Empirical Finance, LLC
Control person · since April 2014
- Owns 50% to 75% of Empirical Finance, LLC
Wesley Gray
Control person · since July 2010
John Vogel
Managing member · since March 2012
Patrick Cleary
Managing member · since October 2014
Babulak Family Trust
Member · since January 2017
Lien Babulak
Trustee · since January 2017
David Babulak
Trustee · since January 2017
Leadership
- Wesley GrayChief Executive Officer/Chief Investment Officer/Chief Compliance Officer
- John VogelChief Financial Officer
Staff
- 12 employees
- 5 in advisory functions
- 5 state-registered reps
- 14 soliciting firms
Fees
Alpha Architect is paid through a percentage of assets under management and fixed fees (other than subscription fees).
Alpha Architect’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Alpha Architect has 0 offices, with 1 listed address in 1 state.
Pennsylvania · 1 listed address
- Suite 150, 3803 West Chester Pike, Newtown SquareHQ
Registration details
- Legal name
- Alpha Architect, LLC
- Headquarters
- Suite 150, 3803 West Chester Pike, Newtown Square, PA 19073
- Phone
- 12158829983
- Website
- alphaarchitect.com
- SEC file
- 801-71697
- Structure
- Pennsylvania LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Alpha Architect have?
Alpha Architect has 135 clients and manages $13.5 billion for them, as of August 2026. They include 88 high-net-worth individuals, 28 other individuals and 11 investment companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 August 2026
What services does Alpha Architect offer?
Alpha Architect provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Alpha Architect use?
Alpha Architect’s separately managed account assets are held at Interactive Brokers LLC (Greenwich, CT), with $711,692,830. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 August 2026
How many financial advisors does Alpha Architect have?
Alpha Architect has 5 investment adviser representatives registered with state securities authorities, out of 12 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Alpha Architect invest in?
At the end of its last fiscal year, Alpha Architect’s separately managed accounts held 89% exchange-traded equities, 4% derivatives, 4% registered funds (mutual funds, ETFs, BDCs) and 3% cash and equivalents. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Alpha Architect?
Alpha Architect is owned through a holding company by Wesley Gray. Its direct owner is Empirical Finance, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 August 2026
How does Alpha Architect get paid?
Alpha Architect 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