Crain's Detroit Business - 2011 Book of Lists - (Page 89)
December 27, 2010
CRAIN’S DETROIT BUSINESS
Page 89
CRAIN'S LIST: LARGEST MONEY MANAGERS Ranked by assets under management
Company Address Rank Website Client contact David Skolnik (248) 594-4100 Assets under Assets under management management with discretion with discretion Total amount of ($000,000) ($000,000) Percent tax-exemption Jan. 2010 Jan. 2009 change portfolio Jan. 2010 $26,418.6 C $19,791.5 C 33.5% NA Minimum client size for collective /individual Advisory activities NA Financial planning, portfolio management for individuals and/or small businesses, portfolio management for businesses or institutional clients, selection of other advisers Portfolio management for individuals and/or small businesses, investment companies, and businesses or institutional clients
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
Comerica Asset Management Group B
255 E. Brown, Birmingham 48009 www.comerica.com
Munder Capital Management
480 Pierce St., Birmingham 48009 www.munder.com
Sharon Fayolle (248) 647-9200
15,585.0
20,990.0
-25.8
7,635.0
NA
J.P. Morgan Private Wealth Management
685 St. Clair Ave., Floor 2, Grosse Pointe 48230 www.jpmorgan.com
Timothy Swanson (313) 343-8592
4,500.0
4,000.0
12.5
NA
NA
Financial planning, portfolio management for individuals and/or small businesses
Plante Moran Financial Advisors
27400 Northwestern Highway, Southfield 48034 www.pmfa.com
Robert Palmer (248) 352-2500
2,683.1
2,299.5 D
16.7
NA
NA
Financial planning services; portfolio management for individuals and/or small businesses, businesses or institutional clients
Telemus Capital Partners LLC
2 Towne Square, Suite 800, Southfield 48076 www.telemuscapital.com
Rachelle Zawinsky (248) 827-0126 John Van Gorder (248) 593-1500
1,703.7
1,571.5
8.4
222.3
NA $1,000,000
Portfolio management for individuals and/or small businesses, businesses or institutional clients; pension consulting services and selection of other advisers Portfolio management for individuals and/or small businesses, investment companies and businesses or institutional clients
Seizert Capital Partners
1,516.5 E
826.0 F
83.6
NA
NA
185 Oakland Ave., Suite 100, Birmingham 48009 www.seizertcapital.com
NorthPointe Capital LLC
101 W. Big Beaver Road, Suite 745, Troy 48084 www.northpointecapital.com
Ken Kosiorek (248) 457-1559
1,209.8
1,625.3
-25.6
1,152.4
100,000 10,000,000
Portfolio management for individuals and/or small businesses, investment companies and businesses or institutional clients; other
LS Investment Advisors LLC
William Camp 39533 Woodward Ave., Suite 302, Bloomfield Hills 48304 (248) 430-0262 www.LSInvestmentAdvisors.com
1,019.3
1,054.6
-3.3
466.5
NA 1,000,000
Portfolio management for individuals and/or small businesses and businesses or institutional clients
Advance Capital Management
1 Towne Square, Suite 444, Southfield 48076 www.acfunds.com
Joe Theisen (248) 350-8543
1,016.7
725.0 F
40.2
NA
NA
Financial planning services; portfolio management for individuals and/or small businesses, investment companies and businesses or institutional clients Portfolio management for investment companies and businesses or institutional clients
Ambassador Capital Management
500 Griswold Ave., Suite 2800, Detroit 48226 www.ambassador-capital.com
Tal Gunn (313) 961-3111
822.2
789.6
4.1
NA
NA 5,000,000
Mainstay Capital Management LLC
100 E. Big Beaver Road, Troy 48083 www.mainstaycapital.com
David Kudla (866) 444-6246
786.6
502.5
56.5
0.0
150,000 150,000
Financial planning services; portfolio management for individuals and/or small businesses
Sigma Planning Corp.
4261 Park Road, Ann Arbor 48103 www.sigmafinancial.com
Jerry Rydell (734) 663-1611
761.0 G
418.0 H
82.1
NA
NA
Financial planning services; portfolio management for individuals and/or small businesses and businesses or institutional clients; selection of other advisers; other Portfolio management for individuals and/or small businesses and businesses or institutional clients
Portfolio Solutions LLC
900 Wilshire Drive, Suite 200, Troy 48084 www.portfoliosolutions.com
Scott Salaske (248) 689-1550
738.5
605.0
22.1
309.0
1,000,000 1,000,000
Freedom One Financial Group
8031 M-15, Clarkston 48348 www.freedomonefinancial.com
Mark Wayne (248) 620-8100
700.0
625.0
12.0
NA
NA
Financial planning services; portfolio management for individuals and/or small businesses and businesses or institutional clients; pension consulting services; selection of other advisers Financial planning services; portfolio management for individuals and/or small businesses and businesses or institutional clients; pension consulting services Portfolio management for individuals and/or small businesses, investment companies and businesses or institutional clients
Bloom Asset Management Inc.
Rick Bloom 31275 Northwestern Highway, Suite 145; Farmington Hills (248) 932-5200 48334; www.bloomassetmanagement.com
655.9
514.3
27.5
NA
250,000 250,000
Schwartz Investment Counsel Inc.
3707 W. Maple Road, Bloomfield Hills 48301 www.schwartzinvest.com
Michael Schwartz (248) 644-8500 K. Larry Hastie (734) 769-7727
605.0
601.0
0.7
NA
1,000 2,000,000
Retirement Income Solutions Inc. I
568.5
452.1
25.7
NA
NA
455 E. Eisenhower Parkway, Suite 300, Ann Arbor 48108 risadvisory.com
Financial planning services; portfolio management for individuals and/or small businesses and businesses or institutional clients; other
MBT Wealth Management Group
467 Eureka Road, Wyandotte 48192 www.mbandt.com
Thomas Steele (734) 454-1346
513.7
514.4
-0.1
NA
NA 300,000
Financial planning; portfolio management for individuals and/or small businesses, investment companies, businesses or institutional clients; selection of other advisers Portfolio management for individuals and/or small businesses and businesses or institutional clients; publication of periodicals or newsletters; security ratings or pricing services; other Portfolio management for individuals and/or small businesses and businesses or institutional clients
Flexible Plan Investments Ltd.
3883 Telegraph Road, Suite 100, Bloomfield Hills 48302-1432; www.flexibleplan.com
Len Durso (248) 642-6640
475.4
357.6 F
33.0
NA
NA
DeRoy & Devereaux Private Investment Counsel Inc.
John Krakowiak (248) 358-3220
457.4 J
386.3
18.4
NA
NA
26777 Central Park Boulevard, Suite 180, Southfield 48076 www.deroydevereaux.com
This list is a compilation of the largest money managers in Wayne, Oakland, Macomb, Washtenaw and Livingston counties. It is not a complete listing but the most comprehensive available. Assets under management with discretion exclude master trusts, directed trusts, options, custodial assets and advisory accounts over which no direct investment responsibility exists. NA = not available B In September 2009, Comerica realigned its three asset management units — Comerica Asset Management, World Asset Management and Wilson Kemp & Associates — under one group to form Comerica Asset Management Group. C Figure represents combined assets of Comerica Asset Management, World Asset Management and Wilson Kemp & Associates. D Figures reflects June 2009. E Figures from Form ADV filed March 2010. Form ADV is used to register an investment adviser with the U.S. Securities and Exchange Commission. F Figures from Form ADV filed March 2009. G Figures from Form ADV filed February 2010. H Figures from Form ADV filed September 2009. I Pattern Recognition Management Inc. and IFSG Planning Associates Ltd. were acquired by Retirement Income Solutions Inc. on Dec. 31, 2009. 2009 figure reflects the combined assets under management of the three entities. J Figures from Form ADV filed June 2010. LIST RESEARCHED BY ANNE MARKS
FINANCE
http://www.comerica.com
http://www.comerica.com/vgn-ext-templating/v/index.jsp?vgnextoid=69818d9e70ae7110VgnVCM1000001c21160aRCRD
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="comerica+asset+management+group"
http://www.munder.com
http://www.munder.com/home/careers/1,1784,,00.html
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="munder+capital+management"
http://www.jpmorgan.com
http://careers.jpmorganchase.com/career/careerhome
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="JP+Morgan"
http://www.pmfa.com
http://www.plantemoran.com/about/careers/Pages/home.aspx
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="plante+moran"
http://www.telemuscapital.com
http://www.telemuscapital.com/?q=node/5
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="telemus+capital+partners"
http://www.seizertcapital.com
http://www.seizertcapital.com/contactus.asp
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="seizert+capital+partners"
http://www.northpointecapital.com
https://www.northpointecapital.com/Contactus.asp
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="northpointe+capital"
http://www.LSInvestmentAdvisors.com
http://www.lsinvestmentadvisors.com/8b.html
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="ls+investment+advisors"
http://www.acfunds.com
http://www.advancecapitalonline.com/contact
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="advance%20capital%20management"
http://www.ambassador-capital.com
http://www.ambassador-capital.com/contactus.html
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="ambassador+capital+management"
http://www.mainstaycapital.com
http://www.mainstaycapital.com/careers.asp
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="mainstay+capital+management"
http://www.sigmafinancial.com
http://www.sigmafinancial.com/visitors/contact_us.php
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="sigma+planning"
http://www.portfoliosolutions.com
http://www.portfoliosolutions.com/contact-address.html
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="portfolio+solutions"
http://www.freedomonefinancial.com
https://www.freedomonefinancial.com/work.htm
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="freedom+one+financial"
http://www.bloomassetmanagement.com
http://www.bloomassetmanagement.com/contact-us.aspx
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="bloom+asset+management"
http://www.schwartzinvest.com
http://www.schwartzinvest.com/main.htm
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="schwartz+investment+counsel"
http://www.risadvisory.com
http://www.risadvisory.com/
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="retirement+income+solutions"
http://www.mbandt.com
http://www.mbandt.com/MBTWeb/About/Careers/
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="mbt+wealth+management"
http://www.flexibleplan.com
https://www.flexibleplan.com/public/contact.aspx
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="flexible+plan+investments"
http://www.deroydevereaux.com/dd_contact.htm
http://www.crainsdetroit.com/apps/pbcs.dll/search?crit="deroy+devereauz+private+investment+counsel"
http://www.deroydevereaux.com
Table of Contents for the Digital Edition of Crain's Detroit Business - 2011 Book of Lists
Crain's Detroit Business - 2011 Book of Lists
The Big Picture
10 things to watch in 2011
10 things to remember about 2010
Private 200
Fastest-growing companies
Public school districts
Top-compensated CEOs
Top-compensated non-CEOs
Metro Detroit employers
Wayne County employers
City of Detroit employers
Livingston County employers
Washtenaw County employers
Macomb County employers
Oakland County employers
Publicly held companies
Hispanic-owned businesses
Native American-owned businesses
Asian-owned companies
Black-owned businesses
Woman-owned businesses
The Motor City
Airlines Serving Detroit Metro
Professional Sports Teams
Auto Suppliers
Auto Dealers
Aftermarket Suppliers
Divisions
Defense Contractors
New Economy/Health Care
Family-owned companies
IP law firms
Group health plans
Hospital companies
Physician organizations
Graduate business degrees
Engineering companies
Environmental companies
IT companies
Biotech companies
People/Awards
Salute to Entrepreneurs
CFO Awards
40 Under 40
Best Lawyers
20 in their 20s
Women to Watch
M&A Awards
Most Connected
Finance
Capital campaigns
Accounting firms
Banks and thrifts
Money managers
Business insurance agencies
SBA Lenders
Real Estate/Services
Office furniture dealers
Nonprofits
Meeting facilities
General contractors
Architects
Property managers
Residential brokers
Staffing companies
Logistics firms
Law firms
Classifieds
Index of Companies
Crain's Detroit Business - 2011 Book of Lists
https://www.nxtbook.com/nxtbooks/crainsdetroitbusiness/20111219
https://www.nxtbook.com/nxtbooks/craindetroitbusiness/20101227
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https://www.nxtbook.com/nxtbooks/craindetroitbusiness/mackinac_20100607
https://www.nxtbook.com/nxtbooks/craindetroitbusiness/autoshow2010
https://www.nxtbook.com/nxtbooks/craindetroitbusiness/20091228
https://www.nxtbook.com/nxtbooks/craindetroitbusiness/20091221
https://www.nxtbook.com/nxtbooks/craindetroitbusiness/20091123
https://www.nxtbook.com/nxtbooks/craindetroitbusiness/20090831
https://www.nxtbook.com/nxtbooks/craindetroitbusiness/20090706
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