ROCHESTER, New York - Alesco Advisors LLC (Alesco), an independent and employee-owned...
Alesco Advisors LLC Ranked as a Top 10 ETF Power User in 2023 by RIA Channel
ROCHESTER, NY - Alesco Advisors LLC (Alesco), an employee-owned SEC-Registered Investment Advisor, has been ranked #9 on the Top 100 ETF Power Users list by RIA Channel for 2023, a significant rise from #22 in 2022. The Rochester-based firm, founded in 2000, now manages more than $5 billion in assets under advisement (AUA) on behalf of approximately 500 institutional and high-net-worth clients.
RIA Database, a leading provider of advisor data for the financial services industry, identified and ranked RIA wealth management firms that utilize the most exchange-traded funds (ETFs). The list, published on March 2, 2023, ranked wealth managers based on ETF usage as reported on the SEC filings as of December 31, 2022. To be considered for this ranking, the firm must provide comprehensive wealth management services, including family office and wealth planning services.
As of December 31, 2022, ETF holdings in Alesco Advisors portfolios totaled $2.5 billion across 29 market segments.
"ETFs are recognized as flexible, low-cost investment vehicles that offer portfolio diversification and significant tax benefits," says Chris Mirrione, Chief Investment Officer for Alesco Advisors. "With a multitude of options available in the investment marketplace, our rigorous research methodology often leads us to determine that ETFs are the best investment choices for our clients. We're grateful for this recognition and remain committed to constructing portfolios that provide our clients with the highest likelihood of achieving their investment objectives."
About Alesco Advisors
Alesco Advisors is an employee-owned, SEC-registered investment advisor (RIA) headquartered in Rochester, NY. The firm offers a variety of services for high-net-worth families, individuals, and institutions, including comprehensive wealth planning, investment advisory services, relationship management, and philanthropic services. The firm operates on a fee-only basis.
The firm’s core philosophy emphasizes asset allocation as the primary driver of investment returns. Alesco works to establish appropriate asset class weightings, optimize diversification, reduce risks and costs, and rebalance client portfolios as needed.
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