For the second year in a row, Advance Capital Management, headquartered in Southfield, MI, is pleased to announce it has been named to the 2018 edition of the Financial Times 300 Top Registered Investment Advisers.
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This marks the firm’s second year in a row on the list
June 28, 2018 – Advance Capital Management, headquartered in Southfield, MI, is pleased to announce it has been named to the 2018 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the U.S.
“We are honored to be named a top RIA firm in the U.S. for the second year in a row,” said Joe Theisen, chief executive officer of Advance Capital Management. The firm was also named to the list in 2017. “Even more, we are grateful to again represent the great state of Michigan,” Theisen added.
Advance Capital Management is one of only seven Michigan-based firms on the list.
This is the fifth annual FT 300 list, produced independently by the Financial Times in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the asset management industry.
“Recognition as a top financial adviser is the direct result of always putting our clients best interest first,” Theisen said. “Our dedicated team across the Midwest is what makes that possible.”
RIA firms applied for consideration, having met a minimum set of criteria. Applicants were then graded on six factors: assets under management (AUM); AUM growth rate; years in existence; advanced industry credentials of the firm’s advisers; online accessibility; and compliance records. There are no fees or other considerations required of RIAs that apply for the FT 300.
The final FT 300 represents an impressive cohort of elite RIA firms, as the “average” practice in this year’s list has been in existence for over 22 years and manages $4 billion in assets. The FT 300 Top RIAs hail from 38 states and Washington, D.C.
The FT 300 is one in series of rankings of top advisers by the Financial Times, including the FT 401 (DC retirement plan advisers) and the FT 400 (broker-dealer advisers).
About Advance Capital Management
For more than 30 years, Advance Capital Management has helped thousands of people realize their hopes and dreams by providing personalized financial planning and investment management services. Advance Capital Management has $2.6 billion in assets under management and over 5,000 investment advisory clients. It has offices located in Michigan, Illinois and Ohio. The firm is one of the largest money managers in metro Detroit, as reported by Crain's Detroit Business.