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.
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 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. 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, 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.
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.
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.