Finding a Top Financial Advisor Firm in Pittsford, New York
Are you looking for a new financial advisor firm to work with in Pittsford, New York? If so, SmartAsset has put together this list of the top firms in the city. Within each entry, you’ll find information about the firm’s typical services, account minimums, client base, investing strategies and more. SmartAsset’s financial advisor matching tool offers a more personalized touch, as it takes your answers to a short questionnaire and pairs you with up to three local fiduciary advisors.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Alesco Advisors, LLC Find an Advisor||$3,368,348,349||$3,000,000|| || |
|2||QCI Asset Management, Inc. Find an Advisor||$3,271,559,000||$300,000|| || |
|3||LVW Advisors, LLC Find an Advisor||$1,792,597,611||$25,000 minimum annual fee|| || |
Minimum Assets$25,000 minimum annual fee
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|4||Generation Capital Management, LLC Find an Advisor||$554,414,705||$100,000|| || |
|5||Ashford Advisors, LLC Find an Advisor||$483,793,604||$10,000,000 minimum family relationship|| || |
Minimum Assets$10,000,000 minimum family relationship
|6||Armbruster Capital Management, Inc. Find an Advisor||$423,165,950||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Candace Shira Associates, LLC Find an Advisor||$262,476,618||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Professional Financial Find an Advisor||$147,380,838||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|9||Post Resch Tallon Group Find an Advisor||$110,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||High Probability Advisors, LLC Find an Advisor||$50,594,483||$500,000|| || |
How We Found the Top Financial Advisor Firms in Pittsford, New York
Only firms that are both registered with the U.S. Securities and Exchange Commission (SEC) and located in Pittsford, New York were under consideration for this list. We limited our list to SEC-registered firms because such firms must abide by fiduciary duty. Next, we removed any firms that either didn’t offer financial planning services, didn’t manage individual accounts or had disclosures on their Form ADV. The remaining firms are listed below, ordered from the most assets under management (AUM) to the least.
Alesco Advisors, LLC
Alesco Advisors, LLC is the largest firm on this list with nearly $3.37 billion in client assets under management (AUM). The firm is tied with second-place QCI Asset Management, Inc. for the largest advisory team, with 13 advisors on staff. Within this group, there are four chartered financial analysts (CFAs) and two certified public accountants (CPAs).
This fee-only firm has a $3 million minimum account size, but it may accept clients with investable assets below that amount. As the high minimum would suggest, Alesco principally works with high-net-worth individuals. It also maintains relationships with (non-high-net-worth) individuals, charitable organizations, pension and profit-sharing plans, businesses, defined contribution plans and banks.
Alesco Advisors, LLC Background
Alesco Advisors was founded in 2000 by James Gould. Gould currently serves as the independent firm’s president and majority owner. He has been working in the financial services industry since 1980.
Alesco primarily offers investment management services that are tailored separately for individual and institutional investors. The firm can also aid retirement plan sponsors in managing plans through fiduciary services, plan analysis and more.
Alesco Advisors, LLC Investing Strategy
Your personal needs will dictate what your portfolio at Alesco will look like. For example, the firm customizes client portfolios based on their tolerance for risk, income needs, time horizon, tax situation and desired goals. Once the firm feels secure in knowing what type of investor you are, it will build an appropriate asset allocation.
When it comes to security selection, the firm is known to invest primarily in index funds and index-based mutual funds and exchange-traded funds (ETFs). Alesco does its own proprietary analysis to determine which securities are best for you.
QCI Asset Management, Inc.
With $3.27 billion in assets under management (AUM), QCI Asset Management, Inc. comes in just behind Alesco Advisors, LLC. A fee-only firm, QCI employs 13 financial advisors, five of whom hold a chartered financial analyst (CFA) designation.
A sizable 85% of the firm’s client base is comprised of individuals with and without a high net worth. This mix isn’t surprising, considering QCI has a $300,000 minimum, though it reserves the right to waive this stipulation. The firm works with many other types of clients, including pension and profit-sharing plans, businesses, charitable organizations, government entities, banks and investment companies.
QCI Asset Management, Inc. Background
QCI Asset Management was opened in 1975, making it the oldest firm on this list. It’s an employee-owned, independent firm that’s headquartered in southern Pittsford.
Clients of this firm will gain access to both investment management and financial planning services. These include estate planning, retirement planning, education fund planning, tax planning, cash flow management, financial objective determination, insurance review and more.
QCI Asset Management, Inc. Investing Strategy
QCI tends to stick to equity and fixed-income security investing strategies. When it comes to equities, the firm combines long- and short-term philosophies by creating a “foundation of solid core holdings, complemented by stocks that offer timely opportunities,” according to its website. It will diversify your stock holdings between different market sectors and industries.
The firm’s fixed-income investments are chosen based on its evaluation of bonds’ interest rate cycles. Through these insights, QCI can select a duration target for a bond to figure out whether or not it’s a good fit for your time horizon.
LVW Advisors, LLC
The seven advisors at LVW Advisors, LLC are responsible for the management of almost $1.8 billion in investable assets. This fee-only firm is the last firm on our list with over $1 billion in assets under management (AUM).
LVW is tied with eighth-place Professional Financial for the largest selection of advisory certifications. This group includes three certified financial planners (CFPs), two chartered financial analysts (CFAs), two certified investment management analysts (CIMAs) and one certified private wealth advisor (CPWA).
While most firms institute a minimum investable asset requirement for new clients, LVW chooses to instead use a $25,000 minimum annual fee. Note that this could make the firm’s services cost prohibitive for clients with a lower net worth.
Individuals and high-net-worth individuals are the most common clients of LVW Advisors. However, the firm is also known to work with businesses, charitable organizations, pension and profit-sharing plans and other institutions.
LVW Advisors, LLC Background
LVW Advisors has been in business since 2011. Lori Van Dusen, the firm’s current CEO, founded the firm after spending more than two decades in financial services. Today, the firm is a wholly owned subsidiary of Focus Operating, LLC, making it part of the Focus Financial network of advisory firms.
The services at this firm can be divided into four distinct categories: comprehensive financial planning, investment management, retirement plan advisory services and corporate services.
LVW Advisors, LLC Investing Strategy
LVW thinks that deliberate asset allocations and far-reaching diversification are the keys to keeping a portfolio in line with clients’ needs and goals. In turn, the firm will allocate your money with an emphasis on consistent performance throughout all market cycles.
The firm typically uses a range of securities. These include mutual funds, exchange-traded funds (ETFs), equities, hedge fund and private equity fund managers and independent managers. Should your portfolio include independent managers, your money may be invested in securities other than what LVW lists.
Generation Capital Management, LLC
At Generation Capital Management, LLC (GCM), there are more than triple the number of non-high-net-worth individual clients as those with a high net worth. Charitable organizations, pension and profit-sharing plans, government entities and pooled investment vehicles also work with the firm. This is a fee-only firm.
In order to become a client of Generation Capital Management, you’ll need at least $100,000 ready to invest. Like many firms, though, Generation Capital Management says that it may waive this requirement under certain circumstances.
Three financial advisors are employed at GCM’s offices in Pittsford. This group includes one chartered financial analyst (CFA) and one certified divorce financial analyst (CDFA).
Generation Capital Management, LLC Background
Scott Nasca, Generation Capital Management’s president and chief investment officer (CIO), founded the firm in 2003. Nasca owns GCM, and was previously employed as a principal at Karpus Investment Management, another firm in Pittsford, for 25 years.
The services at this firm revolve around pairing your financial planning needs with an appropriate investment portfolio. GCM employs a holistic financial planning suite that includes short- and long-term goal planning, income tax considerations, risk-adjusted investment planning, risk management, insurance review, financial statement preparation and retirement planning.
Generation Capital Management, LLC Investing Strategy
At its core, Generation Capital Management looks to reduce risk in client portfolios through the implementation of broad diversification. This is done not only across domestic markets, but global ones as well. The firm also utilizes a top-down macroeconomic approach that believes the market generally moves upward.
Ashford Advisors, LLC
Most of the firms on this list work with individual clients both above and below the high-net-worth threshold. However, Ashford Advisors, LLC distinguishes itself by working exclusively with high-net-worth individuals. The fee-only firm maintains this focus by requiring a $10 million minimum family relationship.
Ashford has three financial advisors on staff, with no advisory certifications between them. This is the only firm on this list that charges performance-based fees as part of its fee schedule.
Ashford Advisors, LLC Background
Ashford Advisors is an independent firm that’s owned by a combination of two employees. Principal Patrick D. Martin is the majority owner, while chief investment officer (CIO) Jeremiah A. Thisse holds a minority stake. The firm was formed in 2001.
The firm’s standard services encompass various financial planning and investment management offerings. For example, you can take advantage of:
- Tax planning
- Retirement planning
- Insurance analysis
- Investment planning
- Estate planning
- Asset allocation creation
- Individual needs review
Ashford Advisors, LLC Investing Strategy
At the forefront of Ashford’s investment ideology is a desire to create an exact and pointed asset allocation that’s meant to meet a client’s needs. The firm avoids specific security selection. Instead, an advisor will attempt to identify what percentages each investment type should occupy within your portfolio.
These securities aren’t chosen randomly, as they’re picked based on your risk tolerance, time horizon and other factors. The firm typically uses investments like equities, fixed-income securities, cash, mutual funds and exchange-traded funds (ETFs).
Armbruster Capital Management, Inc.
Fee-only Armbruster Capital Management, Inc. is one of three firms on this list that does not have a minimum opening account size. The firm manages just over $423 million in client assets, and employs four advisors. Three of these four hold advisory certifications, including two chartered financial analysts (CFAs) and one certified public accountant (CPA).
This firm works with slightly more high-net-worth individuals than their non-high-net-worth counterparts. Outside of these groups, Armbruster manages assets for pension and profit-sharing plans, charitable organizations, businesses and other investment advisors.
Armbruster Capital Management, Inc. Background
Armbruster Capital Management has been in business since 2009 when it was founded by Mark Armbruster, the firm’s current president. Armbruster is the majority owner of the firm and has 23 years’ experience working in financial services.
For individuals, the firm can provide investment management and financial planning services, which include the following:
- Portfolio construction
- Insurance review
- Estate planning
- Tax planning
- Goal-based financial plans
Armbruster Capital Management, Inc. Investing Strategy
Armbruster Capital Management chooses to invest based on a long-term, buy-and-hold ideology. This means that the firm prefers not to actively trade client assets, as this can drive up transaction costs and introduce more risk than is necessary. Global diversification and carefully considered asset allocations are also important to the firm. Should returns or other factors skew your originally intended asset allocation, the firm says it will rebalance your portfolio.
Candace Shira Associates, LLC
Candace Shira Associates, LLC is a completely individual-centric firm. More specifically, its client base consists of roughly 470 clients, with about a 60-40 split between individuals and high-net-worth individuals, respectively. There are no minimum investable asset requirements here.
The three-person advisory team at this firm includes one certified financial planner (CFP). These employees are tasked with handling the firm’s $262 million in assets under management (AUM).
As a fee-based firm, Candace Shirt Associates has some advisors that can earn commissions from the sale of insurance products. Although this presents a potential conflict of interest, the firm is bound by fiduciary duty, legally binding it to act in your best interest.
Candace Shira Associates, LLC Background
Although this firm does business under the name Candace Shira Associates, it is legally known as Cross Staff Investments, Inc. The firm is under the sole ownership of president Candace Shira, and it was established in 2012.
Financial planning and investment management are the hallmark services at this firm. On occasion, it may recommend the usage of third-party money managers as well.
Candace Shira Associates, LLC Investing Strategy
This firm utilizes a personalized investment strategy that can easily be altered depending on a client’s needs and circumstances. This is in stark contrast to some other firms that maintain an established investing philosophy that they attempts to work client assets into.
To ensure that your portfolio takes into account everything you’re looking for, the firm will do a deep dive into your risk tolerance, time horizon and liquidity needs. For the most part, Candace Shira Associates invests in a mix of mutual funds, individual publicly traded securities and exchange-traded funds (ETFs).
Professional Financial is a fee-only advisory firm located in southeast Pittsford that manages $147 million in investable assets. While it’s significantly smaller than the seven firms ahead of it on this list, the firm is tied with LVW Advisors for the highest number of advisory certifications. If you become a client, you’ll have access to three certified financial planners (CFPs), one chartered financial analyst (CFA), one chartered financial consultant (ChFC), one accredited tax advisor (ATA), one accredited wealth management advisor (AWMA) and one chartered global management accountant (CGMA).
High-net-worth individuals make up the largest portion of Professional Financial’s client base. The firm also manages the assets of individuals, pension and profit-sharing plans, charitable organizations and businesses.
Clients of this firm will encounter a set of minimum requirements that vary depending on the type of services they subscribe to. For example, if you’re looking for investment management services, your minimum quarterly fee could be anywhere from $1,250 to $7,500. For stand-alone wealth planning consulting, the minimum shifts to $10,000.
Professional Financial Background
Professional Financial is second only to QCI Asset Management, Inc. for the title of oldest firm on our list. The firm’s current CEO and chief compliance officer (CCO) Paul Byron Hill opened the firm in 1993 and remains its owner to this day.
This firm offers its investment management and wealth planning consulting services in tiers. These range from “introductory” to “standard” to “preferred” to “premier.” The higher you go, the more in-depth and comprehensive the services you’ll receive will be.
Professional Financial Investing Strategy
Professional Financial generally invests client assets in stocks. In the firm’s case, this could mean either directly in individual securities or indirectly through mutual funds and exchange-traded funds (ETFs). When assessing which investments to incorporate into your portfolio, the firm adheres to these three beliefs, according to its Form ADV:
- Securities are fairly priced in liquid and competitive markets
- Diversification is essential
- Investing involves trading off risks and costs with expected returns
Post Resch Tallon Group
If you’re interested in becoming a client of Post Resch Tallon Group, you can do so without worrying about a minimum investable asset requirement. The firm works with a nearly even amount of high-net-worth and non-high-net-worth individuals. The firm also works with a handful of pension and profit-sharing plans.
The team of four financial advisors at this firm combine to hold just one certified financial planner (CFP) designation.
Post Resch Tallon is a fee-based firm. This is because the firm employs some advisors that have the opportunity to earn commissions from the sale of insurance products. This opens the door for a potential conflict of interest, but the firm is still a fiduciary, forcing it to act in clients’ best interests.
Post Resch Tallon Group Background
Post Resch Tallon Group was founded in 2004 by the firm’s trio of owners: partner John A. Post, managing senior partner and president David P. Resch and chief compliance officer (CCO) and partner Kerry P. Tallon. Between these three individuals, there is about 90 years of combined financial services experience.
The firm offers a wide range of services, such as college fund planning, income planning, retirement planning, insurance analysis, small business investing, investment planning and more. You can also take advantage of tax planning and preparation services.
Post Resch Tallon Group Investing Strategy
When investing client assets, Post Resch Tallon Group aims to both minimize risk and maximize returns. It attempts to achieve these goals by using a strategic asset allocation strategy that employs diversification throughout domestic and foreign asset classes. How your money is specifically allocated, though, is dependent upon your risk tolerance, income needs, time horizon and overall investing goals.
High Probability Advisors, LLC
With just over $50 million in assets under management (AUM), High Probability Advisors, LLC is the only firm on this list with less than $100 million under its control. The firm has two advisors in its offices, with one being a certified financial planner (CFP) and the other being a chartered alternative investment analyst (CAIA). This is a fee-only firm.
High Probability Advisors is unique in that its client base is entirely made up of high-net-worth individuals. The firm calls for new clients to have at least $500,000 in investable assets, though it reserves the right to negotiate or waive this requirement as it sees fit.
High Probability Advisors, LLC Background
High Probability Advisors was created in 2017, which means it’s the youngest firm on this list. The firm is principally owned by its two founders, CEO Stephen J. Carl and chief investment strategist Michael E. Jones.
The financial planning services at this firm are rather robust. Clients can take advantage of tax planning, education fund planning, budgeting, estate planning, retirement planning and investment planning. Of course, the firm also offers standard investment management services.
High Probability Advisors, LLC Investing Strategy
When you become a client of this firm, its advisors will follow a four-step process that dictates how it will take care of your portfolio:
- Goal identification: This involves reviewing your long- and short-term financial goals through scenario analysis.
- Asset allocation: Before any money is invested, the firm will figure out how your portfolio should be put together based on your tolerance for risk, time horizon and more.
- Portfolio management: Once an allocation is agreed upon, the firm will actually invest your money with an eye towards low-cost, passive investments.
- Communications: At this point, you and your advisor will stay in contact with one another to discuss your portfolio’s performance and general investing insights.