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.
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 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.
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.
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.
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/.