Rochester, New York, October 15, 2025– Harter Secrest & Emery LLP (HSE), a full-service business law firm with offices throughout New York, recently advised ESL Federal Credit Union on their agreement to acquire all of the assets of Alesco Advisors, LLC, a Rochester, NY based Registered Investment Advisory firm with more than $6 billion in assets under advisement. The transaction is scheduled to close this November.
With more than 100 years of locally-owned history, ESL Federal Credit Union serves as a full-service financial institution to more than 443,000 members and 17,400 businesses. Founded in 1920, the company provides personal banking, business banking, mortgage services and wealth management services through its locally based 25-branch network; telephone, mobile and online banking; and live chat center.
Harter Secrest & Emery’s Mergers and Acquisitions team for this transaction is led by partners Thomas R. Anderson and Jonathan R. Jasinski with support from Andrew J. Latona and Clayton S. B. Dubin. Additional attorneys who contributed to our representation of ESL include:
- Employee Benefits and Executive Compensation – Thomas J. Hurley, Leslie E. DesMarteau and Malaz K. Moustafa
- Labor & Employment – Benjamin E. Mudrick, Anna S. M. McCarthy and Edward J. Steve
- Privacy & Data Security – F. Paul Greene and Mark J. Stuhlmiller
- Intellectual Property – Timothy W. Menasco and Jessica N. Clemente
HSE routinely serves as legal counsel in transactions involving the acquisition of investment advisory and wealth management businesses, including Registered Investment Advisers (RIAs) and Broker-Dealers (BDs).
With top tier rankings by Chambers USA and Best Law Firms®, Harter Secrest and Emery’s Mergers and Acquisitions team represents clients, including start-ups, non-profits, private and publicly traded companies, in connection with transactions ranging in value from several million to over one billion dollars.
About Harter Secrest & Emery LLP
Harter Secrest & Emery LLP is a full-service business law firm with attorneys throughout New York representing clients ranging from individuals and family-owned businesses to Fortune 100 companies and major regional institutions. With offices in Rochester, Buffalo, Albany, Corning, and New York City, New York, the firm and its attorneys are consistently recognized by the industry’s leading law firm and attorney ranking programs, including Chambers and Partners, Best Law Firms® and The Best Lawyers in America®.