Pittsford-based Alesco Advisors LLC has been named to the 2017 Financial Times 300 Top Registered Investment Advisors list, officials announced Monday.
The firms on the list were selected from a pool of 2,000 applicants.
“We are very pleased to be included on Financial Times’ list,” said James Gould, president of Alesco Advisors, in a statement. “We are proud of the steady growth Alesco Advisors has achieved by delivering great service, integrity and value to our clients through independent, conflict-free asset management. It’s rewarding to see this work recognized on a national level.”
The employee-owned investment firm was the only firm from the region to be named to the list. The average firm has been operating for 24 years and managing $2.7 billion in assets, the Financial Times reported.
“To ensure a list of established companies with substantial expertise, we examine the database of RIAs registered with the U.S. Securities and Exchange Commission and select those that reported to the SEC that they had $300 million or more in assets under management,” the report said.
Firms were graded on six factors, including assets under management, asset growth rate, company age, industry certifications of key employees, SEC compliance record and online accessibility.
The 300 appear alphabetically not as a competitive ranking from one to 300, officials said.
The full list can be found here.
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