Exchange Capital Management Inc (Ann Arbor)

Name: Exchange Capital Management Inc
Address: 303 Detroit Street, Ann Arbor, MI, 48104
Telephone: 734-761-6500

Exchange Capital Management Inc is a large advisory firm based in Ann Arbor. It manages $509.64 million of regulatory assets for 948 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Illinois, and 3 other states.

Exchange Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Exchange Capital Management: assets under management

The assets under management (AUM) of Exchange Capital Management Inc is $509.64 million. The firm's AUM has grown by 86% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $508 million in discretionary accounts and $1.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $542.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $149.41 thousand.

Exchange Capital Management has custody of $457.54 million in cash and securities for 289 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 38% of the total AUM. The second-largest asset type is investment and business development companies, which make up 32% of the firm’s portfolio. Investments in investment grade corporate bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Exchange Capital Management Inc for their services and products based on a percentage of assets under management. 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.

What kind of clients Exchange Capital Management serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Exchange Capital Management is high net worth individuals with 131 clients and $371.06 million of assets under management. Among the 8 most similar advisory firms, Exchange Capital Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $509.64 million for 320 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Exchange Capital Management doesn't advise any private funds.

Careers at Exchange Capital Management Inc

The company employs 10 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Robert Reid	Cco	1 Dec 1989	50% - 75%	1103910
Michael Robert Reid	Managing director	1 Jan 1990	50% - 75%	1103910
Kevin Daniel Mcveigh	Managing director	1 Dec 1995	50% - 75%	1513999
Michael Robert Reid	Chief compliance officer	1 Jun 2004	50% - 75%	1103910
Anthony Joseph Digiovanni	Vice president	1 Nov 2005	Other	5123620
Martin James Bodnar	Chief compliance officer	1 Jun 2011	Other	5907125
Thomas Jerome Costigan	Vice president	1 Dec 2014	Other	6464996

Based in Ann Arbor

The principal office where Exchange Capital Management Inc performs its advisory services is located at 303 Detroit Street, Ann Arbor, MI 48104, 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 734-761-6500 or by fax 734-761-8073. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at exchangecapital.com.