Mitesh Patel, Cfa
About Mitesh Patel, Cfa
Mitesh Patel, CFA, is the Head of Robo Portfolios & Personal Advice and President of Ally Invest Advisors, with extensive experience in investment strategy and portfolio management.
Title at Ally
Mitesh Patel serves as the Head of Robo Portfolios & Personal Advice and the President of Ally Invest Advisors. In his role at Ally, he is located in Charlotte, North Carolina. He has held this position since 2018, where he oversees substantial growth and development of the investment platform.
Previous Roles and Experience
Before joining Ally, Patel amassed a diverse range of experience in several prominent financial institutions. He worked at Elevation Securities as Managing Director, Liquid Products Strategy from 2016 to 2018 and at Variant Perception as Investment Strategist during the same period. His other notable roles include Senior Vice President, Macro Hedging & Interest Rates Trading at Cerberus Capital Management, Director of Global Capital Markets at Ally Financial, and various positions at Bank of America between 2002 and 2007, including Economic Research Analyst and Trader in the Corporate Investments Group.
Educational Background
Patel studied Economics at Clemson University, where he earned a Bachelor of Science (BSc) degree from 1997 to 2001. He also attended The London School of Economics and Political Science (LSE) for a period in 1970.
Growth and Leadership at Ally Invest Advisors
Under Patel's leadership, Ally Invest Advisors has seen a tenfold increase in assets under management over the past five years. He directs a platform with approximately 275 employees, including 20 direct associates. Patel has expanded the robo-offering from 5 to 32 portfolios and oversees daily activities of over 60,000 robo-advisory accounts.
Chief Investment Officer Responsibilities
As the Chief Investment Officer, Patel leads portfolio construction across advisory businesses, focusing on asset allocation, security selection, and due diligence. This involves managing a trading and operations team and ensuring the effectiveness of portfolio offerings for Wealth Management. Patel is also deeply involved in technology advancements, acting as a business product owner for mobile and web platform enhancements.