Deroy & Devereaux Private Investment Counsel, Inc. is a large advisory firm based in Southfield. It manages $1.47 billion of regulatory assets for 528 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Florida, and 14 other states.
Deroy & Devereaux Private Investment Counsel provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Deroy & Devereaux Private Investment Counsel, Inc. is $1.47 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1531% since the beginning of its operation, and $5.33 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Deroy & Devereaux Private Investment Counsel, 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, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Gregg Devereaux Watkins is high net worth individuals with 101 clients and $939.6 million of assets under management. Among the 9 most similar advisory firms, Deroy & Devereaux Private Investment Counsel has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.47 billion for 178 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Deroy & Devereaux Private Investment Counsel doesn't advise any private funds.
The company employs 18 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. 10 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.
Gregg Devereaux Watkins has been acting as President since 1 Mar 2013. Karl Laurence Knas joined the executive team most recently as the Portfolio Manager.
The principal office where Deroy & Devereaux Private Investment Counsel, Inc. performs its advisory services is located at 2000 Town Center, Southfield, MI 48075, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 248-358-3220 or by fax 248-358-9111. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at deroydevereaux.com/ and its LinkedIn profile.