Advance Capital Management Inc (Southfield)

Name: Advance Capital Management Inc
Address: One Towne Square, Southfield, MI, 48076
Telephone: 248-350-8543

Advance Capital Management Inc is a large advisory firm based in Southfield. It manages $2.51 billion of regulatory assets for 10,120 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 26 other states.

Advance Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for approximately 5,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Advance Capital Management: assets under management

The assets under management (AUM) of Advance Capital Management Inc is $2.51 billion. The firm's AUM has grown by 258% since the beginning of its operation, and $1.08 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.48 billion in discretionary accounts and $29.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $259.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $51.83 thousand.

Advance Capital Management has custody of $18.84 million in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Advance Capital Management Inc for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients John Calvin Shoemaker serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John Calvin Shoemaker is high net worth individuals with 989 clients and $1.3 billion of assets under management. Among the 7 most similar advisory firms, Advance Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.51 billion for 5,575 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.

Advance Capital Management doesn't advise any private funds.

Careers at Advance Capital Management Inc

The company employs 49 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 26 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Calvin Shoemaker has been acting as President since 1 Aug 1986. Joseph Robert Theisen joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Calvin Shoemaker	Director	1 Aug 1986	Other	1633885
Raymond August Rathka	Director	1 Aug 1986	Other	1633889
Inc. Advance Capital Group	Holding co. owner	1 Aug 1986	75% - 100%	38-2685009
Robert Joseph Cappelli	Director	1 Jan 1987	Other	1633880
Christopher Michael Kostiz	President	1 Oct 2004	Other	2425265
Julie Ann Katynski	Chief financial officer	1 Oct 2004	Other	2610072
Kathy Jo Harkleroad	Chief compliance officer	1 Oct 2004	Other	2128508
Employee Stock Ownership Plan Advance Capital Group Inc.	Esop	1 Dec 2007	Other	30-0361598
Joseph Robert Theisen	Vice president	1 Oct 2010	Other	4275238

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Joseph Cappelli	Shareholder	1 Aug 1986	Other	1633880
Employee Stock Ownership Plan Advance Capital Group Inc.	Esop	1 Mar 2007	25% - 50%	30-0361598

Based in Southfield

The principal office where Advance Capital Management Inc performs its advisory services is located at One Towne Square, Southfield, MI 48076, which is also the mailing address of the firm. An additional office of the firm is in Lisle, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-350-8543 or by fax 248-350-0115. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at acfunds.com/.