Alesco Advisors LLC (Pittsford)

Name: Alesco Advisors LLC
Address: 120 Office Park Way, Pittsford, NY, 14534
Telephone: (585)586-0970

Alesco Advisors LLC is a large advisory firm based in Pittsford. It manages $3.37 billion of regulatory assets for 1,154 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Florida, New Hampshire, and 3 other states.

Alesco Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Alesco Advisors: assets under management

The assets under management (AUM) of Alesco Advisors LLC is $3.37 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1003% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.37 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.92 million each.

Alesco Advisors has custody of $836.82 million in cash and securities for 140 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment and business development companies, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Alesco Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Alesco Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Alesco Advisors is charitable organizations with 86 clients and $1.74 billion of assets under management. Among the 10 most similar advisory firms, Alesco Advisors has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $3.31 billion for 518 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Alesco Advisors doesn't advise any private funds.

Careers at Alesco Advisors LLC

The company employs 19 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James George Gould	President, treasurer, chief executive officer, chief financial officer, manager, member	1 Feb 2000	50% - 75%	2177785
Michael Edward Jones	Member, manager	1 Feb 2000	Other	1695247
Mark Edward Armbruster	Chief investment officer, member	1 Feb 2000	Other	2687579
Inc. Clover Capital Management	Member	1 Mar 2000	25% - 50%	16-1263400
Lawrence Robert Creatura	Manager	1 Mar 2000	Other	2641634
Ned Wheeler Roman	Compliance officer	1 Mar 2000	Other	2593604
Stephen Joseph Carl	Manager	1 Jun 2003	Other	4161139
Jeffrey Dana Bradley	Chief compliance officer, member, manager	1 Mar 2006	Other	4743496
Todd David Green	Chief investment officer, manager, member	1 Jul 2007	Other	2583266
Frederick James Minges	Executive vice president, member, manager	1 Nov 2009	Other	2761817

Based in Pittsford

The principal office where Alesco Advisors LLC performs its advisory services is located at 120 Office Park Way, Pittsford, NY 14534, which is also the mailing address of the firm. An additional office of the firm is in Buffalo, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (585)586-0970 or by fax (585)586-1898. The normal business hours are 8 a.m.- 5 p.m. on Monday - Friday. You can find more information about the New York firm at alescoadvisors.com.