AUM per client for Multi-team firms serving clients in Michigan

AUM per client measures the total assets a firm manages divided by its client count, offering insight into the type of clients a firm serves. Higher AUM per client often indicates firms catering to high-net-worth individuals with more complex financial needs and higher minimum investment requirements, while lower AUM per client suggests broader access with more standardized services.

In Michigan, among multi-team firms—those with 30 to 300 advisors or managing over $3 billion in assets—the median AUM per client is approximately $514,000. This is somewhat below the typical national median for similar firms, which often falls in the seven-figure range. The distribution in Michigan shows a range from about $160,000 up to over $6 million per client, indicating a wide variety of client profiles served by these firms. Some firms focus on broader access with lower minimums, while others target more affluent clients with complex planning needs. This variation reflects the multi-tiered service models common in larger firms, where different teams specialize in different client segments.

For you, this means the AUM per client figure is a useful signal to understand whether a firm’s client base aligns with your financial situation and service expectations. There is no single “correct” number; higher AUM per client often means more personalized, complex service but may require higher minimum investments, while lower AUM per client can offer greater accessibility with more standardized offerings. Use this metric alongside others to find an advisor whose approach fits your needs.

Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.