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RIAs by state · SEC data as of October 1, 2026

RIAs in Michigan

The SEC-registered investment advisers based in Michigan, what they manage, and the largest independent wealth managers.

Michigan is home to 243 wealth-focused RIAs managing $211B, 9th of 51 states and DC. The largest is Plante Moran Financial Advisors in Southfield, with $27B.

Wealth-focused RIAs
243
9th of 51
Their assets
$211B
21st of 51
$1B+ firms
46
Median $337M
All SEC RIAs
304
5,288 employees

Largest independent wealth managers in Michigan

Largest independent wealth managers headquartered in Michigan
#FirmHeadquartersRegulatory AUMIndividual clientsEmployees
1Plante Moran Financial AdvisorsSEC recordSouthfield$27B3,988144
2SPCSEC recordANN Arbor$6.1B30,595471
3Mainstay Capital Management, LLCSEC recordGrand Blanc$5.3B3,45433
4Rehmann WealthSEC recordLansing$5.3B2,18639
5Advance Capital Management IncSEC recordSouthfield$5.0B7,28762
6CG Advisory ServicesSEC recordWilliamston$4.6B4,898136
7Advisory Alpha, LLCSEC recordHolland$4.4B8,79966
8Azimuth Capital ManagementSEC recordBloomfield Hills$4.0B38125
9Corecap AdvisorsSEC recordSouthfield$4.0B9,671116
10Innovia Wealth, LLCSEC recordGrand Rapids$3.3B72731
11Retirement Income Solutions, Inc.SEC recordANN Arbor$3.0B1,26526
12Regal Investment Advisors LLCSEC recordKentwood$2.9B8,220131
13NPF Investment AdvisorsSEC recordGrand Rapids$2.7B93818
14Sigma Investment CounselorsSEC recordNorthville$2.2B77520
15Diversified Portfolios, Inc.SEC recordBloomfield Hills$1.9B66019

Ranked by regulatory assets under management on each firm’s latest Form ADV. Excludes broker-dealers’ advisory arms and managed-account platforms. Nationally: the 100 largest RIAs.

Questions

How many RIAs are there in Michigan?

304 SEC-registered investment advisers have their main office in Michigan, and 243 of them are wealth-focused, managing at least half of their assets for individuals and high-net-worth clients. That ranks Michigan 9th of 51 states and DC, according to Financial ADVSR’s count of SEC data as of October 1, 2026.

What is the largest RIA in Michigan?

Plante Moran Financial Advisors, based in Southfield, is the largest independent wealth manager headquartered in Michigan, with $27B in regulatory assets under management and 3,988 individual clients on its latest Form ADV.

How much do Michigan RIAs manage?

Wealth-focused RIAs based in Michigan report $211B in regulatory assets under management, 21st among the states. 46 of them manage $1 billion or more; the median manages $337M.

How we built this

The SEC publishes a list of every registered investment adviser, drawn from each firm’s Form ADV. We used the list current through October 1, 2026, kept the 16,943 advisers the SEC shows as approved, and placed each in the state of its main office; 14,641 are based in the United States. Regulatory assets under management come from Item 5.F, client counts from Item 5.D.

Wealth-focused RIAs manage at least half of their assets for individuals and high-net-worth clients, the same test as our RIA Custody Tracker; there are 8,130 in the US. Rankings and each state’s largest-firms list show independent wealth managers only: wealth-focused firms that offer financial planning, are not themselves broker-dealers, and hold less than half their assets in wrap programs they sponsor or manage. That leaves out wirehouse and broker-dealer advisory arms and managed-account platforms, which still count in each state’s totals.

What it doesn’t show

  • State-registered advisers, most of which manage less than $100 million, register with their state regulator and aren’t in SEC data.
  • A firm counts only in its main office state, though many have offices in several.
  • Figures are as of each adviser’s latest annual Form ADV update, usually its December 31 fiscal year-end, so they lag recent deals.
  • Firms that file under more than one registration (an RIA and a separate institutional arm, for example) appear as separate advisers.

The data is free to use with credit to Financial ADVSR. Questions or corrections: contact the editors.

Other states