A. Firm Information
Alpine Hill Advisors LLC (“Alpine Hill” or the “Advisor”) is a registered investment advisor with the U.S. Securities
and Exchange Commission (“SEC”). The Advisor is organized as a Limited Liability Company (“LLC”) under the
laws of the State of Connecticut in February 2023. Alpine Hill is owned and operated by Brandon T. Pacilio
(Managing Partner and Chief Compliance Officer). This Disclosure Brochure provides information regarding the
qualifications, business practices, and the advisory services provided by Alpine Hill.
B. Advisory Services Offered
Alpine Hill offers wealth management and family office services to individuals, high net worth individuals, trusts,
estates, and businesses (each referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary,
the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential
conflicts of interest. Alpine Hill's fiduciary commitment is further described in the Advisor’s Code of Ethics. For more
information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client
Transactions and Personal Trading.
Wealth Management Services
Alpine Hill provides customized investment advisory solutions for its Clients. This is achieved through continuous
personal Client contact and interaction while providing discretionary investment management, financial planning,
and related advisory services. Alpine Hill’s investment philosophy and approach are based on a fundamental belief
in transparency and cost efficiency. The focus of the investment approach is predicated on determining the
appropriate asset allocation of the Client based on numerous factors. The first step in the investment process is a
discovery meeting with the Client to determine their financial needs, objectives, investment horizon, and risk
tolerance. An investment plan is then implemented and includes monitoring, rebalancing, and making changes as
the Client’s goals and objectives change. Underlying investments in Client portfolios may include, but are not
limited to, individual fixed-income securities, individual stocks, exchange-traded funds (“ETFs”), mutual funds,
private equity funds/alternative investments. The Advisor may retain certain types of investments based on a
Client’s legacy investments based on portfolio fit and/or tax considerations.
Alpine Hill’s investment strategies are primarily long-term focused, but the Advisor may buy, sell or re-allocate
positions that have been held for less than one year to meet the objectives of the Client or due to market
conditions. Alpine Hill will construct, implement and monitor the portfolio to ensure it meets the goals, objectives,
circumstances, and risk tolerance agreed to by the Client. Each Client will have the opportunity to place reasonable
restrictions on the types of investments to be held in their respective portfolio, subject to acceptance by the Advisor.
Alpine Hill evaluates and selects investments for inclusion in Client portfolios only after applying its internal due
diligence process. Alpine Hill may recommend, on occasion, redistributing investment allocations to diversify the
portfolio. Alpine Hill may recommend specific positions to increase sector or asset class weightings. The Advisor
may recommend employing cash positions as a possible hedge against market movement.
Alpine Hill may recommend selling positions for reasons that include, but are not limited to, harvesting capital gains
or losses, business or sector risk exposure to a specific security or class of securities, overvaluation or
overweighting of the position[s] in the portfolio, change in risk tolerance of the Client, generating cash to meet
Client needs, or any risk deemed unacceptable for the Client’s risk tolerance.
All Client assets will be managed within the designated account[s] at the Custodian, pursuant to the terms of the
advisory agreement. Please see Item 12 – Brokerage Practices.
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Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement
accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the
Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable,
which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will
provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over the
assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to
another, one IRA to another IRA, or from one type of account to another account
(e.g. commission-based account
to fee-based account). Such a recommendation creates a conflict of interest if the Advisor will earn a new (or
increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll over a
retirement account to an account managed by the Advisor.
Financial Planning Services
Alpine Hill will typically provide a variety of financial planning and consulting services to Clients as part of its wealth
management services. Certain complex engagements may be offered under a separate agreement and fee.
Services are offered in several areas of a Client’s financial situation, depending on their goals and objectives.
Generally, such financial planning services involve preparing a formal financial plan or rendering a specific financial
consultation based on the Client’s financial goals and objectives. This planning or consulting may encompass one
or more areas of need, including but not limited to, investment planning, retirement planning, personal savings,
education savings, and other areas of a Client’s financial situation.
A financial plan developed for, or financial consultation rendered to the Client will usually include general
recommendations for a course of activity or specific actions to be taken by the Client. For example,
recommendations may be made that the Client start or revise their investment programs, commence or alter
retirement savings, establish education savings and/or charitable giving programs.
Alpine Hill may also refer Clients to an accountant, attorney or other specialists, as appropriate for their unique
situation. For certain financial planning engagements, the Advisor will provide a written summary of the Client’s
financial situation, observations, and recommendations. For consulting or ad-hoc engagements, the Advisor may
not provide a written summary. Plans or consultations are typically completed within six (6) months of contract date,
assuming all information and documents requested are provided promptly.
Financial planning and consulting recommendations pose a conflict between the interests of the Advisor and the
interests of the Client. For example, the Advisor has an incentive to recommend that Clients engage the Advisor for
investment management services or to increase the level of investment assets with the Advisor, as it would
increase the amount of advisory fees paid to the Advisor. Clients are not obligated to implement any
recommendations made by the Advisor or maintain an ongoing relationship with the Advisor. If the Client elects to
act on any of the recommendations made by the Advisor, the Client is under no obligation to implement the
transaction through the Advisor.
Family Office – Lifestyle Management Services
For certain Clients, the Advisor offers additional services to assist the Client with management of various personal
and family needs (herein collectively “Lifestyle Management Services”).
These services shall include, but are not limited to:
• Bill Payment
• Calendar Management
• Philanthropic Management
• Travel Management
• Concierge Services
To provide these services, the Advisor will require additional access to the Client’s accounts and the authority to
make payments from these accounts. This level of access is considered custody under the securities laws. Please
see Item 15 – Custody.
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C. Client Account Management
Prior to engaging Alpine Hill to provide investment advisory services, each Client is required to enter into one or
more agreements with the Advisor that define the terms, conditions, authority and responsibilities of the Advisor
and the Client. These services may include:
• Establishing an Investment Strategy – Alpine Hill, in connection with the Client, will develop a strategy that
seeks to achieve the Client’s goals and objectives.
• Asset Allocation – Alpine Hill will develop a strategic asset allocation that is targeted to meet the investment
objectives, time horizon, financial situation and tolerance for risk for each Client.
• Portfolio Construction – Alpine Hill will develop a portfolio for the Client that is intended to meet the stated
goals and objectives of the Client.
• Investment Management and Supervision – Alpine Hill will provide investment management and ongoing
oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
Alpine Hill does not manage or place Client assets into a wrap fee program. Investment management services are
provided directly by Alpine Hill.
E. Assets Under Management
As of February 16th, 2024, the Advisor manages $158,419,859 in assets under management, all of which are
managed on a discretionary basis. Clients may request more current information at any time by contacting the
Advisor.