Aperio Group

Patrick Geddes serves as Chief Investment Officer, succeeding founder Rex Macey. The investment team includes quantitative researchers and portfolio managers who design and maintain the firm's factor-based, tax-aware investment engines (per public record).

Aperio does not generate deal flow in the traditional GP sense. It is a quantitative asset manager that builds custom separately managed accounts for clients, not a venture or private equity firm.

Aperio is registered as an RIA and operates as a specialized asset manager. It services family offices, endowments, foundations, and high-net-worth individuals, but is not a family office itself.

Aperio does not make fund commitments. It constructs direct equity portfolios at the individual stock level for each client account, employing direct indexing rather than pooled vehicles.

Aperio applies factor-based investing (value, momentum, quality, size, etc.) combined with tax-loss harvesting at the individual security level. The approach is quantitative, systematic, and client-specific, aiming to reduce tax drag while maintaining factor exposure.

As a broad-market equity manager, Aperio does not avoid sectors ex-ante, though client customizations may exclude specific industries. The firm does not take concentrated sector bets.

Aperio is not a family office and does not manage a single-wealth-origin pool. Its client capital comes from third-party families, institutions, and advisors seeking tax-efficient equity exposure.