Bellatore buys two firms

Bellatore Financial Inc. of San Jose, Calif., is buying Capital Allocation and Management Inc. of Greenwood Village, Colo., and Advisor Partners LLC of San Francisco.
Capital Allocation provides portfolio management and consulting services and oversees $365 million in assets.
Advisor Partners is a separate accounts manager with $350 million in assets.
Al Steele, Bellatore’s chief executive, said Advisor Partners gives Bellatore a separately managed account platform and Capital Allocation adds relationships with more than 120 independent financial advisers.
Advisor Partners will continue to run as a separate business with its current staff, said Dennis Clark, co-founder of Advisor Partners.
“Bellatore will provide us with greater resources for growth,” Mr. Clark said.
Advisor Partners chairman Andrew Rudd will join Bellatore’s investment committee, Mr. Steele said.