Carrera Capital Advisors
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$784,961,036
Clients
957
Advisors
9
of 13 employees
About
Carrera Capital Advisors serves a mix of individual (both non‑HNW and high‑net‑worth) clients, retirement plans, trusts, foundations, and other private and institutional entities. The firm offers ongoing discretionary portfolio management, financial planning and consulting, and makes available cash‑management and held‑away account solutions through third‑party platforms.
Investment decisions are driven by a multifaceted process that combines proprietary quantitative tools to classify macroeconomic regimes with fundamental analysis, technical pattern recognition, and machine‑learning/artificial‑intelligence techniques to construct diversified, tax‑aware portfolios. Client strategies are delivered across four defined product groups—Guardian, Enhanced Growth, Custom Managed, and Pure Passive—and may include opportunistic sleeves and, where suitable, instruments such as options, short sales, leveraged/inverse ETFs, futures, cryptocurrency exposures, and private investment vehicles.
The firm became a standalone adviser in 2024 following a spin‑out from a large national firm's private client group and now operates with a ten‑person advisory team managing roughly a billion dollars in discretionary assets. Noteworthy operational features include use of third‑party platforms to review and rebalance held‑away retirement participant accounts (with an acknowledged operational trade lag), offering the Flourish Cash program to clients, and the presence of representatives who are also licensed to sell fixed insurance products (conflicts are disclosed and overseen).
Client services
Expertise
Occupation focus
Demographic focus
Fee options
Financial planning fees on a flat-fee basis typically ranging from $1,000 to $25,000 per engagement; termination fee equal to one-half the agreed upon planning fee if terminated early.
$0 - $500,000: 1.40% annually $500,001 - $1,000,000: 0.90% annually $1,000,001 - $3,000,000: 0.80% annually $3,000,001 - $5,000,000: 0.70% annually $5,000,001 - $10,000,000: 0.50% annually $10,000,001 - $20,000,000: 0.40% annually $20,000,001 - $50,000,000: 0.20% annually $50,000,001+: Negotiable
Certain representatives receive commissions for sales of fixed insurance products only.
Fee-only: Financial planning fees generally range from $1,000 to $25,000 per engagement, flat fee basis, negotiable. Fixed fee or 0.1%-0.6% AUM for retirement plan clients.
Main office
901 Wilshire Drive, Suite 565
Troy MI 48084-5611
Advisors at this office
9
Most active in
Arizona · California · Colorado · Florida · Georgia · Illinois · Maryland · Michigan · Minnesota · New York · North Carolina · Ohio · Oklahoma · Oregon · Tennessee · Texas · Utah · Virginia · Washington
Also doing business as
Carrera Capital Advisors · Carrera Capital Advisors, LLC · Mkj Company, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Martin S
CFP®, ChFC®, Series 63, Series 65
Troy, MI
Carrera Capital Advisors
Martin Schmidt is a CFP® and ChFC® with 40 years of experience in the financial services industry. He is currently with Carrera Capital Advisors, joining in 2024 after a long career at Northwestern Mutual and related entities from 1984 to 2024. Outside of his advisory work, he is a part owner of a family LLC that owns two boats. Carrera Capital Advisors serves individuals, retirement plans, foundations, and other institutions with financial planning, portfolio management, and consulting services. The firm employs a combination of macroeconomic, fundamental, and behavioral analysis along with proprietary quantitative tools and AI techniques to construct diversified, tax-aware portfolios tailored to client objectives.
Devin E
Series 63, Series 66
Troy, MI
Carrera Capital Advisors
Devin Ellis is a financial advisor at Carrera Capital Advisors with eight years of industry experience. He holds Series 63 and Series 66 designations. Prior to joining Carrera Capital Advisors in 2025, Devin worked at Bank of America, Merrill, JPMorgan Chase Bank, JPMorgan Securities, and Quicken Loans. Carrera Capital Advisors serves individual clients, retirement plans, trusts, foundations, and institutional entities through discretionary portfolio management and financial planning. The firm employs a multifaceted investment process incorporating quantitative tools, fundamental analysis, technical patterns, and artificial intelligence to build diversified, tax-aware portfolios.
Steven L
CFP®, ChFC®, Series 63, Series 66
Troy, MI
Carrera Capital Advisors
Steven Lane is a CFP® and ChFC® with 24 years of experience in financial advising. He has worked at Carrera Capital Advisors since 2024 and previously held roles at Keith Nichol and Northwestern Mutual Wealth Management Company. Lane serves as treasurer for the Creekside Village of Orion Homeowners Association. Carrera Capital Advisors, established in 2024 by three former private-client professionals, provides financial planning, portfolio management, and consulting services to individuals, retirement plans, foundations, and institutions. The firm uses a blend of macroeconomic, fundamental, and behavioral analysis along with proprietary quantitative tools and AI techniques to create diversified, tax-aware portfolios tailored to client objectives.
Anthony S
Series 63, Series 65
Troy, MI
Carrera Capital Advisors
Anthony Sellors is a financial advisor at Carrera Capital Advisors with four years of industry experience. He holds Series 63 and Series 65 licenses and previously worked at Northwestern Mutual Investment Services LLC and Humana. Carrera Capital Advisors provides financial planning, portfolio management, and consulting services to individuals, retirement plans, foundations, and other institutions. The firm uses a blend of macroeconomic, fundamental, and behavioral analysis combined with proprietary quantitative tools and machine-learning techniques to construct diversified, tax-aware portfolios tailored to client objectives.
Daniel R
Series 63, Series 65
Troy, MI
Carrera Capital Advisors
Daniel Richmond is a financial advisor at Carrera Capital Advisors with five years of industry experience. He holds Series 63 and Series 65 licenses and has previously worked at firms including Northwestern Mutual, MassMutual, and American United Life. Outside of his advisory role, Richmond is an Employee Benefits Partner at Worklife Benefit Consultants, where he connects business owners to employee benefits solutions. Carrera Capital Advisors serves individual clients, retirement plans, trusts, foundations, and institutional entities. The firm employs a multifaceted investment process combining quantitative tools, fundamental and technical analysis, and machine learning to construct diversified, tax-aware portfolios across various product groups.
Keith N
Series 63, Series 65
Troy, MI
Carrera Capital Advisors
Keith Nichol is a financial advisor at Carrera Capital Advisors with 11 years of industry experience. He holds Series 63 and Series 65 licenses and previously worked for Northwestern Mutual Wealth Management Company from 2016 to 2024. Outside of his advisory role, he has been involved with Spartan Radio Network and WXYZ TV since 2014 and 2015, respectively. Carrera Capital Advisors serves individuals, retirement plans, trusts, foundations, and institutional clients, providing discretionary portfolio management, financial planning, and consulting. The firm uses a multifaceted investment process combining quantitative analysis, fundamental research, technical patterns, and machine learning to construct diversified, tax-aware portfolios across multiple product groups.
Jacob R
Series 63, Series 65
Troy, MI
Carrera Capital Advisors
Jacob Raska is a financial advisor at Carrera Capital Advisors with eight years of industry experience. He previously worked at Northwestern Mutual in various capacities from 2016 to 2024. He is a Series 63 and Series 65 license holder. Outside of his advisory role, he is involved in alternative insurance arrangements for clients unable to receive Northwestern Mutual benefits. Carrera Capital Advisors serves individual clients, retirement plans, trusts, foundations, and institutional entities, offering discretionary portfolio management and financial planning. The firm uses a multifaceted investment process incorporating quantitative tools, fundamental analysis, technical patterns, and machine-learning techniques to build diversified, tax-aware portfolios.
Madison C
Series 66
Troy, MI
Carrera Capital Advisors
Madison Clement is a financial advisor at Carrera Capital Advisors with three years of industry experience. He holds a Series 66 designation and previously worked at Morgan Stanley Smith Barney LLC and PNC. Madison also holds a real estate license that is currently on hold and not active for transactions. Carrera Capital Advisors serves individuals, retirement plans, foundations, and institutions, offering financial planning, portfolio management, and consulting. The firm uses a combination of macroeconomic, fundamental, and behavioral analysis with proprietary quantitative and machine-learning tools to build diversified, tax-aware portfolios tailored to client objectives.
Bryan F
CFA®, Series 63
Troy, MI
Carrera Capital Advisors
Bryan Franco is a CFA® charterholder with 13 years of industry experience. He is currently with Carrera Capital Advisors and has previously worked at firms including Cirrus Capital, LLC and Northwestern Mutual Investment Services LLC. Carrera Capital Advisors serves individuals, retirement plans, foundations, and other institutions with financial planning, portfolio management, and consulting. The firm combines macroeconomic, fundamental, and behavioral analysis with quantitative and AI techniques to construct diversified, tax-aware portfolios tailored to client objectives.
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