The regulatory framework under which Alcor M&A operates — including the M&A Broker exemption, our capital advisory structure, and applicable jurisdictional registrations.
Alcor M&A is a practice of Alcor Fund providing strategic, mergers and acquisitions, and capital advisory services to mid-market companies and their owners. The following disclosures describe the regulatory basis on which we operate. These are important. We encourage every prospective client and visitor to read them carefully before engaging us.
For sell-side and buy-side mergers and acquisitions advisory work involving the transfer of ownership of privately-held companies, Alcor M&A operates under the federal M&A Broker exemption codified at Section 15(b)(13) of the Securities Exchange Act of 1934, which became effective in March 2023.
Under this exemption, the engagement must involve a privately-held company that:
If a prospective engagement does not qualify under this exemption, we will either (a) decline the engagement, or (b) partner with a registered broker-dealer to execute the transaction in compliance with applicable securities law.
Alcor M&A's capital advisory practice provides strategic counsel, narrative architecture, diligence preparation, investor identification, and process orchestration for founders raising institutional capital. We operate this practice on a flat-fee advisory basis only. We do not earn transaction-based or success-fee compensation on capital raises.
Where an engagement requires transaction-based compensation — for example, success fees on capital raises beyond a flat-fee structure, securities placements, or other regulated activity — we partner with appropriately registered broker-dealers (such as Finalis or Weild & Co.) to execute the transaction. The partnership and any compensation arrangement is disclosed in the engagement letter.
Alcor M&A is not a registered broker-dealer, is not a registered investment adviser, and is not a registered municipal securities dealer or municipal advisor. We do not provide investment management services or advice on the purchase or sale of securities for compensation outside the scope of the exemptions and partnerships described above.
Nothing on this Site or in any of our communications constitutes an offer to sell, or a solicitation of an offer to buy, any security or investment product in any jurisdiction. No part of this Site is directed at any specific person or class of persons in any jurisdiction where such direction would be prohibited by law.
An advisory or fiduciary relationship with Alcor M&A begins only upon execution of a written engagement letter that specifies the scope, fees, and terms of the engagement. Use of this Site, completion of a diagnostic tool, attendance at an introductory meeting, or correspondence with a member of our team does not create such a relationship.
Our diagnostic tools — including the M&A Readiness Score, Business Valuation Estimator, Fundraising Readiness Scorecard, and similar assessments — are educational and informational tools that use information you provide together with AI-assisted analysis to produce a directional output. They are not formal opinions of value, fairness opinions, solvency opinions, or substitutes for qualified professional advice. Outputs should not be relied upon for any regulatory, tax, financial reporting, or transactional decision.
Alcor M&A advises clients across the United States, Europe, India, and Singapore. The regulatory framework in each jurisdiction differs. We comply with local regulations in each jurisdiction in which we operate, and engagements involving cross-border activity are structured to satisfy the applicable regulatory regimes — including, where relevant, MAS (Singapore), FCA (United Kingdom), AMF (France), BaFin (Germany), and SEBI (India). Where local registration or partner-firm arrangements are required, these are documented in the engagement letter.
Information shared with Alcor M&A in the course of a prospective or active engagement is treated as confidential and is used solely for the purpose of providing the requested service, in accordance with our Privacy Policy and applicable professional conduct standards.
Alcor M&A maintains policies to identify and manage potential conflicts of interest. Material conflicts are disclosed to clients prior to engagement. Alcor Fund, the parent of Alcor M&A, holds operating interests in several portfolio companies; advisory engagements involving any portfolio company will be disclosed and structured appropriately.
For any question regarding our regulatory status, the basis of an engagement, or the applicability of the M&A Broker exemption to your specific situation, contact:
Alcor M&A
444 W Lake St, Floor 17
Chicago, IL 60606
United States
compliance@alcormna.com