Comerica Securities,Inc. (Detroit)


Comerica Securities,Inc. is a large advisory firm based in Detroit. It manages $1.56 billion of regulatory assets for 3,269 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Comerica Securities provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Comerica Securities: assets under management

The assets under management (AUM) of Comerica Securities,Inc. is $1.56 billion. The firm's AUM has grown by 2625% since the beginning of its operation, and $77.97 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.38 billion in discretionary accounts and $173.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $474.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $489.87 thousand.
Comerica Securities has custody of $1.56 billion in cash and securities for 3,269 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 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in non-exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Comerica Securities,Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Eileen Mary Ashley serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Eileen Mary Ashley is high net worth individuals with 840 clients and $740.9 million of assets under management. Among the 10 most similar advisory firms, Comerica Securities has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.55 billion for 3,267 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.

Comerica Securities doesn't advise any private funds.

Careers at Comerica Securities,Inc.

The company employs 278 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 173 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Eileen Mary Ashley has been acting as President since 1 Jul 2007. Cynthia Jane Higgins joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Comerica Investment Services Shareholder 1 Oct 1993 75% - 100% 38-3136891
Michael Joseph Wilk Senior managing director 1 Jan 2002 Other 2394083
Stephen Ronald Graef Treasurer 1 Jan 2002 Other 1670485
Linda Carol Difede Senior vice president 1 Mar 2004 Other 1098921
Lisa Ann Walker Chief compliance officer 1 Feb 2005 Other 2279913
John Charles Sousan Operations manager 1 Feb 2005 Other 1093543
Ted Eugene Corbin Regional sales manager 1 Feb 2005 Other 2723072
Jacques Marcel Baertsoen Srop, crop 1 Jun 2005 Other 1772764
Michael James Conway Sr. vice president 1 Aug 2005 Other 52846
Ross Eugene Rogers Chief executive officer 1 Aug 2005 Other 842414
David Keith Skolnik Executive vice president 1 Aug 2005 Other 1515100
Lawrence Joseph Granata Crop 1 Oct 2006 Other 1088599
Andrea Denise Martin Chief financial officer 1 Dec 2006 Other 2504591
Eileen Mary Ashley Director 1 Jul 2007 Other 4854234
Michael Christopher Mr Wilson Director of national sales and marketing 1 Jul 2007 Other 4301352
Scott Paul Skowronski Operations manager 1 Dec 2007 Other 2854421
Crescenzo Christopher Scotto Divetta Chief operations officer 1 May 2008 Other 4185150
Jacques Marcel Baertsoen Rosfp 1 Jul 2008 Other 1772764
Lawrence Joseph Granata Rosfp 1 Jul 2008 Other 1088599
Constance Geverink Chief financial officer 1 Jul 2008 Other 5296742
Crescenzo Christopher Scotto Divetta Chief operations officer/director 1 Sep 2008 Other 4185150
Alejandro Raoul Rossini Director 1 Feb 2010 Other 2374207
Cynthia Jane Higgins Sr. vice president 1 Feb 2010 Other 2192447
Julia C Wellborn Sr. vice president 1 Feb 2010 Other xxx-xx-xxxx
Randy B Nobles Executive vice president 1 Feb 2010 Other xxx-xx-xxxx
Lawrence Joseph Granata Chief compliance officer 1 May 2010 Other 1088599
David Timothy Doyle Chief compliance officer 1 Sep 2010 Other 2552281
Peter Lynn Sefzik Director 1 Apr 2012 Other 3188500
Cynthia Jane Higgins Ceo/president/chairman 1 Mar 2013 Other 2192447
Michael William Malone Ceo/president/chairman 1 Mar 2014 Other 1246185
Raymond Anthony Basile Director 1 Dec 2014 Other 832657
George Morrison Smith Director 1 Dec 2014 Other 861005
Joshua David Rockwell Director 1 Feb 2017 Other 726803
Kenneth Michael Cherrier Chief compliance officer 1 Oct 2017 Other 3135567
Cynthia Jane Higgins Director 1 May 2019 Other 2192447

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Comerica Incorporated Shareholder 1 Jun 1992 75% - 100% 38-1998421
Comerica Bank Shareholder 1 Apr 2000 75% - 100% 38-0477375

Based in Detroit

The principal office where Comerica Securities,Inc. performs its advisory services is located at 411 West Lafayette Blvd., Detroit, MI 48226, which is also the mailing address of the firm. An additional office of the firm is in Kalamazoo, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 313-222-3169 or by fax 313-964-3427. The normal business hours are 8:00 a.m.to 5:00 p.m on Monday - Friday. You can find more information about the New York firm at comerica.com.