Plante Moran Financial Advisors, LLC is a large advisory firm based in Southfield. It manages $16.5 billion of regulatory assets for 13,611 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Arizona, California, and 28 other states.
Plante Moran Financial Advisors 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 3,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Plante Moran Financial Advisors, LLC is $16.5 billion. The firm's AUM has grown by 209% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Plante Moran Financial Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Frank William Audia is high net worth individuals with 1,628 clients and $9.16 billion of assets under management. Among the 12 most similar advisory firms, Plante Moran Financial Advisors has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $16.07 billion for 2,893 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.
Plante Moran Financial Advisors doesn't advise any private funds.
The company employs 142 people that are either part- or full-time employees. 97 percent of the employees work as investment advisers or researchers. 125 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.
Frank William Audia has been acting as President since 1 Jul 2009. James Matthew Baird has served as the Chief Investment Officer since 1 Feb 2013. David Timothy Doyle joined the executive team most recently as the Chief Compliance Officer.
The principal office where Plante Moran Financial Advisors, LLC performs its advisory services is located at 27400 Northwestern Hwy, Southfield, MI 48034, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 248-352-2500 or by fax 248-352-0018. The normal business hours are 8:30 a.m. to 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at wealth.plantemoran.com.