Pierce Street Advisors, LLC (Birmingham)

Pierce Street Advisors, LLC is a large advisory firm based in Birmingham. It manages $26.5 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Michigan.

Pierce Street Advisors provides pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pierce Street Advisors: assets under management

The assets under management (AUM) of Pierce Street Advisors, LLC is $26.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -85% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $26.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $26.5 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pierce Street Advisors, LLC for their services and products based on a percentage of assets under management and performance-based 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.

Careers at Pierce Street Advisors, LLC

Enrique Chang has been acting as President since 1 May 2005. John Stanard Adams has served as the Chief Investment Officer since 1 May 2005. James Michael Hennessy joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Munder Capital Management	Manager & sole member	1 May 2005	75% - 100%	106810
Peter Kemper Hoglund	Chief administrative officer	1 May 2005	Other	1859652
Stephen James Shenkenberg	General counsel & chief compliance officer	1 May 2005	Other	2405331
Enrique Chang	President	1 May 2005	Other	2304391
John Stanard Adams	Chief investment officer	1 May 2005	Other	1801216
John Stanard Adams	President & chief investment officer	1 Mar 2006	Other	1801216

Indirect Owners

The SEC currently registers 26 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Comerica Incorporated	Shareholder	1 Jun 1992	75% - 100%	38-1998421
Inc. Wam Holdings	General partner	1 Dec 1994	25% - 50%	38-3150616
Llc Munder Group	General partner	1 Dec 1994	Other	38-3212522
Inc. Wam Holdings Ii	General partner	1 Jul 1998	50% - 75%	38-3426903
Inc. Comerica Investment Services	Shareholder	1 Apr 2000	75% - 100%	38-3136891
Comerica Bank	Shareholder	1 Apr 2000	75% - 100%	38-0477375
Barry Stuart Volpert	Sole member	1 Jul 2004	75% - 100%	1659566
L.L.C. Volpert Investors	General partner	1 Jul 2004	Other	00-0000000
Lp Crestview Partners Gp	General partner	1 Aug 2004	Other	27-0099903
L.L.C. Crestview	General partner	1 Aug 2004	Other	56-2577898
L.P. Volpert Investors	Managing member	1 Aug 2004	50% - 75%	74-3128332
L.P. Murphy Investors	Member	1 Aug 2004	25% - 50%	56-2483712
L.L.C. Murphy Investors	General partner	1 Aug 2004	Other	00-0000000
Thomas Sawyer Murphy	Sole member	1 Aug 2004	75% - 100%	1690223
Crestview Capital Partners Munder Llc	Manager, member	1 Jul 2006	25% - 50%	06-1735174
L.P. Crestview Partners	Sole member	1 Jul 2006	75% - 100%	06-1735174
Llc Munder Capital Holdings	General partner	1 Dec 2006	75% - 100%	20-6982541
Llc Munder Capital Holdings Ii	General partner	1 Dec 2006	Other	16-1779891
Crestview Capital Partners Munder Llc	Class a member	1 Dec 2006	25% - 50%	06-1735174
John Stanard Adams	Ceo	1 Dec 2006	Other	1801216
Richard Michael Demartini	Director	1 Dec 2006	Other	809586
Tony Yee Dong	Director	1 Dec 2006	Other	2385575
Donald Harding Putnam	Director	1 Dec 2006	Other	1065385
Don Graber Powell	Director	1 Mar 2007	Other	1315031
Mark Bryan Sutton	Director	1 Mar 2007	Other	857441
James Michael Hennessy	Director	1 Apr 2007	Other	2622478

Based in Birmingham

The principal office where Pierce Street Advisors, LLC performs its advisory services is located at 480 Pierce Street, Birmingham, MI 48009, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-647-9200 or by fax 248-644-6361. The normal business hours are 8:30 a.m. to 5:30 p.m. on Monday - Friday.