Wealth manager, independent · Wayne, PA
Alden Capital
Alden Capital Management Inc. · SEC-registered investment adviser · CRD 293551 · SEC 801-116941
At a glance
Alden Capital is an SEC-registered investment adviser based in Wayne, Pennsylvania, with $1.5 billion in regulatory assets under management as of its Form ADV filed September 2, 2026. Its largest client group by assets is individuals, and it reports 2,504 individual clients. By Form ADV it is a wealth manager, ranked 1,022nd of 8,915 wealth managers and 4,240th of 17,210 SEC-registered advisers by assets.
Main office 215-572-8700aldeninvestmentgroup.comAs filed on Form ADV
- Regulatory AUM
- $1.5B
- Rank among wealth managers
- #1,022 of 8,915
- Rank among all SEC RIAs
- #4,240 of 17,210
- Rank in Pennsylvania
- #156 of 564
- Individual clients
- 2,504
- High-net-worth clients
- 183
- Accounts
- 2,551
- Discretionary
- 54% of AUM
- Employees
- 23
- Advisory staff
- 19
- Offices
- 4
Owners and executives on its Form ADV
- Lee A. CalfoChief Executive Officer
- John F. MulqueenChief Operating Officer
- Karen M. Van HornChief Compliance Officer
- Aaron L. WilliamsManaging Director
Custody and brokerage
4 custodians
- Charles Schwab$5.1B98%
- Fidelity Distributors Company$108M2%
- Interactive Brokers$1M<1%
- Axos$0M<1%
Broker-dealer
Hybrid RIA
Alden Capital is a hybrid RIA: 19 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: J. Alden Associates, Inc..
- J. Alden Associates, Inc. ↗CRD 40002
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, April 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 2,321 | $749M | 49% |
| Other | 47 | $692M | 46% |
| High-net-worth individuals | 183 | $59M | 4% |
| Pooled investment vehicles | 1 | $16M | 1% |
Private funds
Alden Capital reports 1 private funds with $16M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Alden Capital answers yes to 4 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗aldeninvestmentgroup.com ↗
AtlasMembers
The full record on Alden Capital
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 6 years of filings
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- Growth over one, three and five years
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- Rank against 2,512 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Alden Capital manage?
Alden Capital reports $1.5 billion in regulatory assets under management across 2,551 accounts, 54% of it on a discretionary basis, on its Form ADV filed September 2, 2026.
What kind of firm is Alden Capital?
Alden Capital is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Alden Capital’s clients?
By assets, its largest client types are individuals ($749 million, 2,321 clients); other ($692 million, 47 clients); high-net-worth individuals ($59 million, 183 clients).
Does Alden Capital manage private funds?
Yes. It reports 1 private funds with $16 million in gross assets, including hedge funds.
Does Alden Capital have any disciplinary history?
Alden Capital answers yes to 4 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Alden Capital’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-02), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →