Insero Wealth Strategies LLC (Rochester)

Name: Insero Wealth Strategies LLC
Address: 2 State Street, Rochester, NY, 14614
Telephone: 585-454-6996

Insero Wealth Strategies LLC is a large advisory firm based in Rochester. It manages $147.7 million of regulatory assets for 322 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Insero Wealth Strategies provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and consulting/assets under advisement. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Insero Wealth Strategies: assets under management

The assets under management (AUM) of Insero Wealth Strategies LLC is $147.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 146% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $147.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $458.71 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 72% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Insero Wealth Strategies LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Insero Wealth Strategies serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Insero Wealth Strategies is high net worth individuals with 35 clients and $125.61 million of assets under management. Among the 11 most similar advisory firms, Insero Wealth Strategies has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $147.7 million for 97 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Insero Wealth Strategies doesn't advise any private funds.

Careers at Insero Wealth Strategies LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Frank A Insero	Managing member	1 Oct 1998	75% - 100%	4359720
Sharon B Insero	Chief compliance officer	1 Dec 2011	Other	6036138

Based in Rochester

The principal office where Insero Wealth Strategies LLC performs its advisory services is located at 2 State Street, Rochester, NY 14614, which is also the mailing address of the firm. An additional office of the firm is in Orchard Park, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 585-454-6996 or by fax 585-454-4024. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at inserowealthstrategies.com.