Michigan's asset management sector represents a significant segment of the financial industry, where firms craft investment strategies for individuals, institutions, and corporations. These companies engage in managing portfolios, providing wealth management services, and offering specialized investment products like mutual funds and ETFs. With increasing focus on sustainability and tech-driven solutions, the industry is moving towards innovative approaches that cater to evolving client needs. Growing demands for transparency and customer-centric services are shaping the future, hinting that successful firms will adapt quickly amidst changing market dynamics.


The asset management firms in Michigan range widely in size, from boutique operations with 11-50 employees to larger organizations employing over 500. Located in cities like Bingham Farms, Bloomfield Hills, and Grand Rapids, these companies were founded between the early 1980s and 2021. Each specializes in distinct areas, such as sustainable investing, wealth management, and tailored portfolio services, reflecting a broad expertise designed to meet specific client objectives. Some manage billions in assets while others cater to niche markets, illustrating a rich tapestry in the sector.


Continue reading to explore the top asset management companies in Michigan.


Top 24 Asset Management Companies in Michigan


1. New York Life Investment Mgmt


New York Life Investment Management, based in Bingham Farms, Michigan, is an investment management firm that has been serving clients since 1986. The company specializes in providing a variety of financial products, including mutual funds, ETFs, and closed-end funds. They cater to both individual and institutional investors, focusing on delivering tailored investment solutions that help clients navigate the complexities of financial markets. New York Life Investments operates through a multi-boutique model, which allows them to leverage specialized expertise across different asset classes such as equities, fixed income, and alternatives. Their commitment to sustainability and client-centric strategies further underscores their role in the asset management industry, making them a relevant player in this field.


2. Schwartz Investment Counsel, Inc.


Schwartz Investment Counsel, Inc. is a private investment management firm based in Plymouth, Michigan, established in 1980. The company specializes in providing investment counseling services tailored to the unique needs of families, trusts, retirement funds, foundations, endowments, and corporations. With a dedicated team of experienced portfolio managers and analysts, Schwartz Investment Counsel focuses on managing high-quality stock and bond portfolios. The firm adheres to a disciplined investment philosophy that prioritizes long-term relationships and fiduciary responsibility. As of September 30, 2024, Schwartz Investment Counsel has been entrusted with approximately $3.7 billion in assets, including $3.5 billion in mutual funds. Their investment strategies are grounded in fundamental security analysis, aiming to meet clients' investment objectives while maintaining a consistent risk profile. The firm is also a member of the Investment Adviser Association, which underscores its commitment to professional standards and ethical practices in the investment advisory field.


3. McQueen Financial Advisors

  • Website: m-f-a.com
  • Ownership type: Private
  • Headquarters: Clawson, Michigan, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1999
  • Headcount: 51-200
  • LinkedIn: mcqueen-financial-advisors-inc.

McQueen Financial Advisors, based in Clawson, Michigan, is a financial advisory firm established in 1999. The company specializes in providing investment management, asset liability management, and valuation services tailored for financial institutions across the United States. With a dedicated team of professionals, McQueen Financial Advisors emphasizes personalized service, ensuring that each client receives attention tailored to their unique needs. Their offerings include comprehensive investment portfolio management, strategic consulting, and detailed reporting that surpasses regulatory requirements. The firm has built a reputation for helping clients navigate complex financial landscapes, making informed decisions that align with their strategic goals. McQueen Financial Advisors serves a range of clients, including banks, credit unions, and non-profit organizations, demonstrating their commitment to delivering expert advice and results-oriented services.


4. Red Cedar Investment Management, LLC


Red Cedar Investment Management, LLC is an investment management firm based in Grand Rapids, Michigan, specializing in asset management services. Established in 2014, the firm focuses on providing high-quality, income-producing investment strategies tailored for institutional investors and high-net-worth individuals. Red Cedar employs a disciplined investment process aimed at optimizing returns while effectively managing risks across various asset classes. The firm is particularly noted for its expertise in preferred securities, an area where they have been active since 2002. Their portfolio management team is seasoned, with many members bringing decades of experience from reputable firms in the industry. As an SEC-registered investment adviser, Red Cedar is committed to maintaining high standards of compliance and client service, fostering long-term partnerships with their clients.


5. Managed Asset Portfolios, LLC


Managed Asset Portfolios, LLC, based in Rochester, Michigan, is an independent investment management firm founded in 2000. Initially established as the investment arm for a prominent family, the firm transitioned to serve a broader clientele, including families, family offices, and institutions, starting in 2001. The firm specializes in global value investing, focusing on identifying companies that are undervalued relative to their fundamental worth. Their investment philosophy emphasizes capital protection and long-term growth, which is reflected in their disciplined portfolio management approach. The team, led by experienced professionals with decades of industry experience, collaborates closely to analyze market opportunities and manage client portfolios. MAP is also recognized for its commitment to transparency and compliance, as evidenced by its registration with the SEC and adherence to GIPS standards. Their insights and research are shared through various publications, showcasing their thought leadership in the investment community.


6. Eurizon

  • Website: eurizoncapital.com
  • Ownership type: Private
  • Headquarters: Milan, Michigan, United States (USA)
  • Employee distribution: Italy 79%, Luxembourg 16%, Other 5%
  • Latest funding: July 2021
  • Founded year: 1983
  • Headcount: 501-1000
  • LinkedIn: eurizon

Eurizon Capital SGR is an investment management firm based in Milan, Italy, with a strong focus on providing tailored investment solutions to both individuals and institutions. Established in 1983, the company has built a reputation for effective portfolio management and insightful market analysis. Eurizon emphasizes sustainable investment options, integrating ESG (Environmental, Social, and Governance) principles into their strategies. This commitment to sustainability is reflected in their various initiatives and reports aimed at promoting responsible investing. The firm operates primarily in Italy, with a notable presence in Luxembourg and other European countries. Eurizon is part of the Intesa Sanpaolo Group, which enhances its credibility and resources in the competitive asset management landscape. Their offerings include a range of funds and investment products designed to meet the financial goals of their clients, showcasing their adaptability and responsiveness to market needs.


7. Sella SGR

  • Website: sellasgr.it
  • Ownership type: Private
  • Headquarters: Milan, Michigan, United States (USA)
  • Employee distribution: Italy 100%
  • Founded year: 1983
  • Headcount: 51-200
  • LinkedIn: sellasgr

Sella SGR is an investment management firm based in Milan, Italy, founded in 1983. The company specializes in managing pension funds and promoting sustainable finance. With a workforce of approximately 82 employees, Sella SGR provides a variety of investment products, including common funds and institutional solutions. Their offerings are designed to meet the needs of both individual and institutional clients, particularly those seeking effective asset management and retirement planning. Sella SGR has made significant strides in sustainable finance, launching initiatives that focus on responsible investment practices. They have developed products like the Eurorisparmio pension fund and the TFS iCARE fund, which emphasize environmental and social impact. The firm is also recognized for its commitment to transparency and performance, having received accolades for its pension fund offerings. Sella SGR is registered with the Bank of Italy and adheres to regulatory standards, ensuring a robust framework for its operations.


8. Yousif Capital Management

  • Website: yousifcapital.com
  • Ownership type: Private
  • Headquarters: Bloomfield Hills, Michigan, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2021
  • Headcount: 11-50
  • LinkedIn: yousif-capital-management

Yousif Capital Management, based in Bloomfield Hills, Michigan, is an investment management firm that specializes in providing tailored portfolio management and investment strategies for institutional clients. Founded in 2021, the firm focuses on creating customized, rules-based managed funds that cater to the unique needs of its clients. This includes working with municipalities, pension plans, and socially responsible investors. The firm prides itself on its commitment to ethical standards and client success, emphasizing a collaborative approach to investment management. With a team that collectively brings over 145 years of investment experience, Yousif Capital Management aims to deliver high-quality investment solutions while maintaining competitive pricing. Their services include sub-advisory relationships and captive insurance programs, showcasing their adaptability in meeting various client requirements. The firm has established a reputation for understanding the specific needs of its clients and providing smart, evidence-based investment strategies.


9. Marzotto Sim S.p.A

  • Website: marzottosim.com
  • Ownership type: Private
  • Headquarters: Milan, Michigan, United States (USA)
  • Employee distribution: Italy 100%
  • Founded year: 2009
  • Headcount: 11-50
  • LinkedIn: marzotto-sim

Marzotto Sim S.p.A, founded in 2009 and based in Milan, is a private investment management firm that specializes in assisting professional investors with their financial needs. The company is authorized by Banca d'Italia and Consob, ensuring compliance with regulatory standards. Marzotto Sim focuses on credit and fixed income sectors, providing services that include investment management, asset allocation, and market access. Their team consists of experienced professionals with extensive backgrounds in major financial institutions, which enhances their capability to deliver tailored investment solutions. The firm has access to a broad liquidity pool and is active in both regulated markets and Over the Counter (OTC) transactions. Marzotto Sim is supported by investors that ensure its long-term stability, reflecting a commitment to ethical practices and integrity in finance.


10. Azimuth Capital Management

  • Website: azimuthcap.com
  • Ownership type: Private
  • Headquarters: Bloomfield Hills, Michigan, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2004
  • Headcount: 11-50
  • LinkedIn: azimuth-capital-management-llc

Azimuth Capital Management, based in Bloomfield Hills, Michigan, is an investment management firm founded in 2004. The firm specializes in crafting customized investment strategies and offering financial advisory services tailored to the unique needs of its clients. Their clientele includes individuals, trusts, foundations, pensions, and corporations, all of whom benefit from Azimuth's focus on preserving and growing wealth through personalized financial solutions. The firm prides itself on its experienced team, which possesses extensive knowledge across various asset classes, including equities, bonds, real estate, hedge funds, private equity, and venture capital. Azimuth's commitment to transparency and integrity is evident in their operational principles, which prioritize the client's best interests and aim to build long-lasting relationships. They employ in-house research and trade execution capabilities to actively manage client assets, ensuring a hands-on approach to investment management.


11. ISTO Advisors

  • Website: istoadvisors.com
  • Ownership type: Private
  • Headquarters: Troy, Michigan, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2016
  • Headcount: 11-50
  • LinkedIn: isto-advisors

ISTO Advisors is an investment advisory firm based in Troy, Michigan, with a secondary office in Lake Forest, Illinois. Established in 2016, the firm specializes in financial planning and portfolio management, aiming to assist both individuals and organizations in reaching their financial aspirations. With a dedicated team of professionals, ISTO Advisors emphasizes education on investment strategies, ensuring clients are well-informed about their financial decisions. The firm is also committed to community service, engaging in various volunteering and fundraising activities, which reflects its ethos of making a positive impact beyond just financial returns. As an SEC registered investment adviser, ISTO Advisors adheres to regulatory standards, enhancing its credibility in the financial industry.


12. Telemus

  • Website: telemus.com
  • Ownership type: Private
  • Headquarters: Southfield, Michigan, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2005
  • Headcount: 11-50
  • LinkedIn: telemus-capital-partners

Telemus, founded in 2005 and based in Southfield, Michigan, is a private financial advisory firm that specializes in financial life management. The firm offers a range of services, including investment management, risk protection, and comprehensive financial counseling. Telemus serves a wide array of clients, from new investors to wealthy families and institutional investors, helping them navigate their financial journeys. Their unique approach emphasizes understanding the entirety of a client's financial life, allowing for tailored solutions that address both immediate and long-term goals. Telemus also provides a Virtual Family CFO service, which integrates various financial management tasks, ensuring that clients receive coordinated support for their complex financial needs. The firm has built a reputation for its commitment to client peace of mind and personalized service, making it a notable player in the asset management industry.


13. SPAFID S.p.A.


SPAFID S.p.A., established in 1941, is a fiduciary services provider based in Milan, Italy. The company specializes in wealth management and corporate governance assistance, offering a comprehensive range of services that include trust administration, financial asset management, and advisory services tailored for both private individuals and businesses. As the historical fiduciary of the Mediobanca Group, SPAFID has developed a strong reputation in the industry, focusing on compliance and effective asset management. Their offerings extend to fiduciary services, corporate governance support, and trust management, making them a significant player in the financial services sector. SPAFID is committed to maintaining high standards of professionalism and confidentiality, ensuring that they operate with maximum independence and integrity. They also provide specialized services such as account aggregation and assistance for listed companies, further solidifying their role in the asset management industry.


14. Flexible Plan Investments, Ltd.


Flexible Plan Investments, Ltd. is an investment management firm based in Bloomfield Hills, Michigan, with a history dating back to 1981. The company specializes in dynamic risk management and offers a variety of portfolio solutions aimed at helping clients navigate market volatility. They primarily serve independent financial advisors and organizations, providing services such as turnkey portfolios and quantified funds. Their approach is rooted in a rigorous research methodology, ensuring that their investment strategies are responsive to changing market conditions. Flexible Plan Investments also emphasizes the importance of managing investor expectations and offers tools like the OnTarget Investing process to help clients track their progress. The firm has received recognition for its innovative strategies and commitment to client service, making it a relevant player in the asset management industry.


15. Euclidea

  • Website: euclidea.com
  • Ownership type: Private
  • Headquarters: Milan, Michigan, United States (USA)
  • Employee distribution: Italy 100%
  • Founded year: 2015
  • Headcount: 11-50
  • LinkedIn: euclidea

Euclidea SIM S.p.A., based in Milan, Michigan, is an investment management firm established in 2015. The company specializes in offering a range of investment plans and financial advisory services tailored to individual investors and high-net-worth clients. Euclidea employs advanced technology, including proprietary algorithms and quantitative analysis, to optimize investment strategies and portfolio management. Their services include a variety of investment plans, such as the Smart plan for self-directed investors, the Premium plan for those seeking professional assistance, and the Wealth plan for clients with significant assets requiring dedicated advisory services. The firm emphasizes a client-focused approach, aiming to simplify the investment process while maximizing returns. Euclidea is registered with the relevant regulatory bodies, ensuring compliance and trustworthiness in its operations.


16. CapTrust Financial Advisors


CapTrust Financial Advisors, founded in 1997 and based in Holland, Michigan, is a private financial advisory firm that specializes in wealth management and investment consulting. The firm serves a range of clients, including individuals, nonprofits, foundations, endowments, corporations, and family offices. CapTrust is dedicated to creating tailored financial plans and investment strategies that align with clients' unique goals and values. Their approach is characterized by a strong emphasis on personal relationships, ensuring that clients feel understood and supported throughout their financial journeys. The firm also provides institutional consulting services, helping organizations develop investment policies and strategies that fulfill their missions. CapTrust operates as a Registered Investment Advisor (RIA), maintaining compliance with regulatory requirements across various states. Their commitment to client service and community involvement further underscores their relevance in the asset management industry.


17. Fratarcangeli Wealth Management


Fratarcangeli Wealth Management, based in Bloomfield Hills, Michigan, is a private wealth management firm that specializes in investment advisory services. Established in 2014, the firm caters primarily to high net worth individuals, families, and institutional clients, offering a range of financial products and services designed to meet their unique investment goals. With a commitment to creating personalized financial strategies, Fratarcangeli Wealth Management emphasizes the importance of understanding each client's specific needs and risk tolerance. The firm operates across multiple states, including Michigan, Florida, Indiana, and New York, and has built a reputation for fostering long-term relationships with clients. Their team, led by founder Jeffrey Fratarcangeli, is dedicated to providing exceptional service and has been recognized in various industry rankings, including Forbes and Barron’s, highlighting their expertise and success in the wealth management field.


18. Clarkston Capital Partners, LLC


Clarkston Capital Partners, LLC, based in Bloomfield Hills, Michigan, is an investment management firm founded in 2007. The company is 100% employee-owned, which fosters a culture of commitment and alignment with client interests. Clarkston Capital specializes in managing equity strategies and providing investment advisory services to both institutional and individual investors. Their investment approach is rooted in the belief that long-term ownership of quality businesses is the best way to grow wealth. The firm employs a unique investment philosophy known as "Quality Value," which combines rigorous financial analysis with a focus on sustainable competitive advantages and strong management practices. This philosophy guides their management of three concentrated equity strategies, emphasizing low turnover and tax efficiency. Clarkston Capital has built a reputation for its disciplined investment process and its commitment to understanding the businesses in which it invests, aiming to be the most knowledgeable shareholder for its clients.


19. Legacy Wealth Management

  • Website: legacy-wm.net
  • Ownership type: Private
  • Headquarters: Grosse Pointe, Michigan, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1998
  • Headcount: 1-10
  • LinkedIn: legacywealthmanagement

Legacy Wealth Management, founded in 1998, is a private wealth management firm based in Grosse Pointe, Michigan. The firm specializes in providing comprehensive financial services tailored to the needs of affluent families, entrepreneurs, and business executives. Their offerings include investment management, estate planning, and financial counsel, all aimed at preserving and growing wealth for future generations. With a team of experienced financial professionals, Legacy Wealth Management operates as a family office, coordinating with various specialists to ensure a holistic approach to wealth management. The firm has been recognized by Forbes as one of the Best-In-State Wealth Management Teams for 2023 and 2024, highlighting their commitment to client success and satisfaction. They manage over $2 billion in assets, which allows them to provide clients with access to institutional-quality investment opportunities. Legacy Wealth Management also emphasizes community involvement, engaging in philanthropic initiatives to support local charities and promote financial literacy.


20. Ambienta

  • Website: ambientasgr.com
  • Ownership type: Family Owned
  • Headquarters: Milan, Michigan, United States (USA)
  • Employee distribution: Italy 52%, United Kingdom (UK) 34%, Germany 7%, Other 7%
  • Founded year: 2007
  • Headcount: 51-200
  • LinkedIn: ambienta-sgr

Ambienta is an asset management firm based in Milan, Italy, with additional offices in Munich, London, and Paris. Established in 2007, the company specializes in sustainability-driven investments, managing over €3 billion in assets across various sectors, including private equity, public markets, and credit. Ambienta focuses on companies that address environmental challenges, particularly in resource efficiency and pollution control. Their client base includes prominent global investors such as pension funds, insurance companies, and banks, all seeking to align their portfolios with sustainable practices. The firm has developed proprietary methodologies for assessing the environmental impact of investments, which enhances their investment strategy. Ambienta is also a signatory of the UN Principles for Responsible Investment (UNPRI) and has received numerous awards for its commitment to sustainable investing and ESG integration.


21. Legacy Trust GR

  • Website: legacygr.com
  • Ownership type: Private
  • Headquarters: Grand Rapids, Michigan, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2004
  • Headcount: 11-50
  • LinkedIn: legacy-trust-grand-rapids

Legacy Trust GR, founded in 2004 and based in Grand Rapids, Michigan, is a private wealth management firm that offers a range of services including investment management, trustee services, wealth planning, and family office services. With a team of experienced professionals, the firm caters to various client segments such as business owners, corporate executives, retirees, and multi-generational families. Their approach emphasizes personalized financial strategies designed to secure and grow clients' legacies over time. Legacy Trust operates as an independent trust bank, which allows them to maintain a high level of integrity and transparency in their operations. The firm is dedicated to providing tailored solutions that address the unique needs of each client, ensuring that their wealth management strategies are aligned with their long-term goals. With a focus on building lasting relationships, Legacy Trust GR has established itself as a trusted partner in the wealth management industry.


22. Concorde Investment Services

  • Website: concordeis.com
  • Ownership type: Private
  • Headquarters: Ann Arbor, Michigan, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2010
  • Headcount: 51-200
  • LinkedIn: concorde-investment-services

Concorde Investment Services, founded in 2010 and based in Ann Arbor, Michigan, is a private financial services firm that specializes in investment management, asset management, and insurance services. The company operates as a registered investment advisor and a full-service broker-dealer, catering to both individual consumers and businesses. Concorde focuses on providing financial professionals with the technology, resources, and support necessary to enhance their practices and meet the needs of their clients. With a commitment to independence, Concorde allows its advisors to maintain their unique identities while offering a wide array of financial solutions. The firm has been recognized for its growth and has made efforts to create a supportive community for financial professionals, which includes access to advanced technology and a variety of investment products. Concorde's approach is designed to help advisors efficiently manage their practices and deliver tailored investment strategies to their clients.


23. BCC Risparmio&Previdenza S.G.R.P.A.


BCC Risparmio&Previdenza S.G.R.P.A. is a financial services company based in Milan, Italy, that specializes in investment management and pension fund services. Established in 1984, the firm has built a reputation for providing a range of financial products, including mutual funds and tailored financial advisory services. Their offerings are designed to assist both individual investors and businesses in effectively managing their investments and planning for retirement. The company operates under the umbrella of the Iccrea Banking Group, which enhances its credibility and reach within the financial sector. BCC Risparmio&Previdenza is dedicated to fostering financial literacy and providing clients with the tools necessary to navigate their investment journeys. With a workforce of around 54 employees, the firm maintains a strong local presence, focusing on the needs of its clients in Italy.


24. Horizon Financial


Horizon Financial, based in Traverse City, Michigan, is a private financial consulting and investment advisory firm founded in 2002. With a small team of around 33 employees, they specialize in wealth consulting, ongoing asset allocation, and investment management services. The firm aims to assist individuals and families in navigating the complexities of financial planning and achieving their financial goals through tailored advice and comprehensive planning. Their services include extensive reviews of insurance coverage, estate planning, investment analysis, and tax planning. Horizon Financial emphasizes a client-centric approach, fostering long-term relationships built on trust and understanding. They operate as a Registered Investment Adviser through Commonwealth Financial Network, ensuring compliance and professionalism in their advisory services.



Asset Management Insights: Key Companies in Michigan


CompanyHeadquarterSizeFoundedOwnership
New York Life Investment MgmtBingham Farms, Michigan, United States (USA)501-10001986Private
Schwartz Investment Counsel, Inc.Plymouth, Michigan, United States (USA)11-501980Private
McQueen Financial AdvisorsClawson, Michigan, United States (USA)51-2001999Private
Red Cedar Investment Management, LLCGrand Rapids, Michigan, United States (USA)11-502014Private
Managed Asset Portfolios, LLCRochester, Michigan, United States (USA)11-502000Private
EurizonMilan, Michigan, United States (USA)501-10001983Private
Sella SGRMilan, Michigan, United States (USA)51-2001983Private
Yousif Capital ManagementBloomfield Hills, Michigan, United States (USA)11-502021Private
Marzotto Sim S.p.AMilan, Michigan, United States (USA)11-502009Private
Azimuth Capital ManagementBloomfield Hills, Michigan, United States (USA)11-502004Private
ISTO AdvisorsTroy, Michigan, United States (USA)11-502016Private
TelemusSouthfield, Michigan, United States (USA)11-502005Private
SPAFID S.p.A.Milan, Michigan, United States (USA)11-501941Family Owned
Flexible Plan Investments, Ltd.Bloomfield Hills, Michigan, United States (USA)51-2001981Private
EuclideaMilan, Michigan, United States (USA)11-502015Private
CapTrust Financial AdvisorsHolland, Michigan, United States (USA)11-501997Private
Fratarcangeli Wealth ManagementBloomfield Hills, Michigan, United States (USA)11-502014Private
Clarkston Capital Partners, LLCBloomfield Hills, Michigan, United States (USA)11-502007Private
Legacy Wealth ManagementGrosse Pointe, Michigan, United States (USA)1-101998Private
AmbientaMilan, Michigan, United States (USA)51-2002007Family Owned
Legacy Trust GRGrand Rapids, Michigan, United States (USA)11-502004Private
Concorde Investment ServicesAnn Arbor, Michigan, United States (USA)51-2002010Private
BCC Risparmio&Previdenza S.G.R.P.A.Milan, Michigan, United States (USA)51-2001984Private
Horizon FinancialTraverse City, Michigan, United States (USA)1-102002Private


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