Rochester, New York is home to a thriving investment industry, with numerous reputable investment firms offering their services to clients in the area. For investors looking to grow their wealth in Rochester, it is important to find a reliable investment firm that suits your individual needs and goals. This article will provide an overview of the top 7 investment firms in Rochester, NY that have delivered consistently high returns through researched investment strategies and personalized financial planning. By leveraging the expertise of these top-performing Rochester investment firms, investors can confidently grow their wealth in a strategic manner in the local area. The key factors for selecting a suitable Rochester investment firm include long-term performance track record, fee structure, areas of specialty, clientele focus and company culture.
Top 7 Rochester investment firms ranked by long-term returns and assets under management
1. Manning & Napier – With over $22 billion in assets under management, Manning & Napier is one of the largest investment firms headquartered in Rochester. Founded in 1970, they offer a range of actively managed investment strategies across stocks, bonds and alternatives to high net worth individuals and institutions globally. Their long-term performance has consistently beaten benchmarks, especially in turbulent markets.
2. Canandaigua National Bank & Trust – This Rochester-based investment division of Canandaigua National Bank manages over $1.4 billion in assets for individuals and institutional investors. They take a highly customized approach to portfolio management to meet client objectives.
3. Burke Group – With a strong focus on providing unbiased financial advice, the Burke Group has over $700 million in assets under management. They have a minimum account size of $1 million and cater mainly to high net worth individuals in Rochester and the surrounding region.
4. Pathstone – As a registered investment advisor managing $25 billion in assets, Pathstone provides comprehensive wealth management including financial planning, consulting and investment portfolio management services. They focus on enriching lives through values-based investing.
5. Flaherty & Crumrine – Specializing in preferred securities and corporate debt, Flaherty & Crumrine manages over $5 billion in assets. Their niche investment strategies have delivered high income and attractive risk-adjusted returns since 1983.
6. Manning Partners – A division of Manning & Napier, Manning Partners provides customized investment solutions to wealthy families with complex financial needs. Their specialized team and proprietary strategies aim to preserve generational wealth.
7. Signet Financial Management – This employee-owned firm provides investment portfolio management and financial planning services to individuals and businesses in Rochester. With a fiduciary duty to clients, they aim to simplify complex financial situations.
Factors to consider when selecting a Rochester investment firm
When looking for the right investment firm in Rochester NY, here are some key factors to consider:
Returns – Verify the long-term returns of the firm across different strategies and market environments. Steady returns that beat benchmarks indicate expertise in investment management.
Fees – Understand the fee structure – assets under management fees, performance fees, account minimums etc. Optimal fees align incentives without excessive costs.
Specialization – Firms specializing in certain assets classes can provide greater expertise. Choose based on your investment goals.
Approach – Assess if the firm’s investment philosophy matches your risk tolerance and preferences. Different firms have varying approaches.
Services – Consider services needed beyond investments like financial planning, tax strategies and estate planning.
Team – Get to know the qualifications and experience of the advisors who will manage your money. Their expertise is crucial.
Clientele – Most firms focus on either individuals, institutions or both. Ensure your investor profile matches their clientele.
Culture – Softer factors like company culture and client focus impact the investment experience. Opt for alignment with your values.
The right investment firm maximizes returns tailored to your unique financial life goals. Conduct due diligence to find a Rochester firm that fulfills your desired investment strategy and service needs.
The top investment firms in Rochester, NY like Manning & Napier, Canandaigua National Bank & Trust, Pathstone and others have demonstrated the ability to provide strong risk-adjusted returns over the long run. By carefully evaluating factors like performance, fees, specialization, services and client focus, investors can identify the ideal Rochester investment firm to partner with on their wealth creation journey.