New downtown office to be led by Community Foundation’s Mergenhagen
ROCHESTER, N.Y. — Nov. 4, 2016 — Alesco Advisors, an independent, employee-owned investment advisory firm which serves institutional and individual investors from its offices in Rochester, N.Y., and San Francisco, Calif., is expanding into downtown Buffalo.
Alesco’s expertise centers on developing and managing asset-class-based index and passive investment portfolios that are designed to meet the unique and specific needs of each client. Alesco advises on $3 billion of client assets, with over 10% of its assets currently with clients in the Greater Buffalo region, a growing market for the company.
The new location, which opens Nov. 7 at 120 W. Tupper St. in downtown Buffalo between Delaware and Elmwood avenues, is in a historic part of the city that combines both business and entertainment activity.
“A Buffalo office has been a strategic priority for our firm,” said Alesco President Jim Gould, who founded the company in 2000. “As we’ve watched the amazing turnaround occurring in this city over the last several years, we knew it was time to make this long-term investment in Buffalo. Our proximity to such thriving neighborhoods as the Buffalo Niagara Medical Campus, the Theater District and the Elmwood Village makes this new location ideal — and we’re equally excited about the Buffalonian we’ve selected to help launch it.”
That individual is Holly D. Mergenhagen, Esq., who most recently served as Associate Director of Gift Planning for the Community Foundation for Greater Buffalo. Ms. Mergenhagen, a Buffalo native, joins Alesco in the title of Principal and is responsible for new business development and client service. She had been with the Foundation since 2012, and has worked for the Legal Aid Bureau of Buffalo and Hvmken Consulting during her career as well.
She is an alumna of the State University of New York at Geneseo, where she graduated magna cum laude with a bachelor’s degree in Business Administration. She went on to earn her J.D. from Case Western Reserve University. Her community involvement includes serving as a member of the Nardin Academy Advisory Board; board treasurer for 83 Bryant St., Inc.; sponsorship/endowment committee member with HoliMont, Inc.; and board secretary for the WNY Catamaran Association.
“We are thrilled to have Holly join us, especially because of the expertise in foundation management she brings to Alesco,” said Executive Vice President Fritz Minges. “Her knowledge of the industry as well as the Greater Buffalo community will be valuable assets to our firm as we offer our growing number of Western New York clients a convenient location to meet with any of our Rochester- or Buffalo-based team members.”
About Alesco Advisors LLC
Alesco Advisors LLC, an Upstate New York-based investment advisor, provides comprehensive investment solutions for endowments, foundations, retirement plans and high-net-worth individuals and families. Founded in 2000, Alesco advises on $3 billion of client assets. The firm’s philosophy focuses on asset allocation, broad diversification and expense control, implemented through the use of index centric investment vehicles such as mutual funds and exchange-traded funds. Alesco’s independent, conflict-free approach works in their clients’ best interests. To learn more, visit www.alescoadvisors.com.
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