D

DeRoy & Devereaux Private Investment Counsel, Inc.

Updated today

Client AUM

$1,792,249,389

Clients

119

Advisors

11

across 3 offices

About

DeRoy & Devereaux provides discretionary investment management primarily to high‑net‑worth individuals, families, foundations, pension plans, endowments and municipalities, and it serves as an investment adviser on donor‑advised fund accounts administered by unaffiliated sponsors. Services are limited to portfolio management of equities and fixed income and are charged on a percentage‑of‑assets basis; the firm also participates in wrap/SMA programs, dual‑contract managed accounts, and model portfolio platforms.

The firm follows a value‑oriented, largely bottom‑up fundamental investment approach across market capitalizations and bond sectors, operating focused equity portfolios (roughly 40–60 positions) and distinct strategies such as All Cap Value, SMID Cap Value, Total Return Bond and Investment Grade Intermediate. Portfolio managers monitor accounts on an ongoing basis, provide model portfolios to other advisors, and manage most assets on a discretionary basis.

Noteworthy differences from many peers include explicit relationships with municipal clients and the firm’s role in donor‑advised programs, while it does not provide financial or estate planning and generally maintains a $2 million account minimum that effectively excludes most non‑HNW retail clients. The firm also does not routinely vote proxies for clients (proxy voting is offered only by agreement and administered by a third party), uses soft‑dollar research arrangements, and maintains a small proprietary cash account — operational choices that distinguish its business model.

Client services

Portfolio management

Expertise

Active portfolio management Concentrated stock management

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Fee options

Percentage

$0 - $5 million: 1.0% $5 million - $10 million: 0.75% $10 million+: 0.50%

Other

Account minimum: $2 million Minimum fee: Minimum fees may be charged if agreed to in the Client’s investment management agreement; specific amounts not stated. Fee-only: Fees based on assets under management; fees are negotiable and charged quarterly in arrears.

Main office

See office

40705 Woodward Avenue, Suite 150

Bloomfield Hills MI 48304

Advisors at this office

9

Most active in

Arizona · California · Colorado · Florida · Georgia · Illinois · Indiana · Michigan · New Mexico · North Carolina · Oklahoma · Oregon · Pennsylvania · South Carolina · Texas · Virginia

Also doing business as

Deroy & Devereaux · Deroy & Devereaux Private Investment Counsel, Inc.

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Sean M

Series 63, Series 65

Bloomfield Hills, MI

DeRoy & Devereaux Private Investment Counsel, Inc.

Sean Metrose is a financial advisor at DeRoy & Devereaux Private Investment Counsel, Inc. in Bloomfield Hills, MI, holding Series 63 and Series 65 licenses with 16 years of industry experience. He has been with DeRoy & Devereaux since 2008. DeRoy & Devereaux provides discretionary investment management to high-net-worth individuals, families, foundations, pension and Taft-Hartley plans, and institutional investors, including municipalities. The firm uses a bottom-up, value-oriented approach to manage concentrated equity portfolios and diversified bond strategies with a long-term focus.

Active portfolio management Concentrated stock management
user avatar

Michael M

CFA®, Series 63

Bloomfield Hills, MI

DeRoy & Devereaux Private Investment Counsel, Inc.

Michael Madison is a CFA® charterholder with 23 years of experience in the investment industry. He has been with DeRoy & Devereaux Private Investment Counsel, Inc. since 2003. DeRoy & Devereaux provides discretionary investment management to high-net-worth individuals, families, foundations, pension and Taft-Hartley plans, and other institutional investors, including municipalities. The firm employs a bottom-up, value-oriented approach focused on fundamental analysis to build concentrated equity portfolios and diversified bond strategies managed individually with a long-term perspective.

Active portfolio management Concentrated stock management
user avatar

Kelly F

Series 65

Bloomfield Hills, MI

DeRoy & Devereaux Private Investment Counsel, Inc.

Kelly Fetterman is an advisor at DeRoy & Devereaux Private Investment Counsel, Inc. in Bloomfield Hills, MI, holding a Series 65 designation and bringing 12 years of industry experience. He previously worked at Yousif Capital Management, LLC and World Asset Management, Inc. DeRoy & Devereaux provides discretionary investment management primarily to high-net-worth individuals, families, foundations, pension plans, endowments, and municipalities. The firm follows a value-oriented, bottom-up fundamental investment approach and maintains distinct strategies across equities and fixed income.

Active portfolio management Concentrated stock management
user avatar

Connor C

Series 65, Series 63

Bloomfield Hills, MI

DeRoy & Devereaux Private Investment Counsel, Inc.

Connor Cloetingh is a financial advisor with DeRoy & Devereaux Private Investment Counsel, Inc. He holds Series 65 and Series 63 licenses and has three years of industry experience. His prior roles include positions at Key Private Bank, Ancora Advisors, and KeyBank Capital Markets Inc. DeRoy & Devereaux provides discretionary investment management primarily to high-net-worth individuals, families, foundations, pension plans, endowments, and municipalities. The firm employs a value-oriented, bottom-up fundamental investment approach across equities and fixed income, managing focused equity portfolios and distinct strategies on a mostly discretionary basis.

Active portfolio management Concentrated stock management
user avatar

Jeffrey W

CFA®

Bloomfield Hills, MI

DeRoy & Devereaux Private Investment Counsel, Inc.

Jeffrey Wardlow is a CFA® charterholder with 17 years of industry experience. He has been with DeRoy & Devereaux Private Investment Counsel, Inc. since 2004. The firm provides discretionary investment management to high-net-worth individuals, families, foundations, pension and Taft-Hartley plans, and other institutional investors, including municipalities. DeRoy & Devereaux employs a bottom-up, value-oriented investment approach focused on fundamental analysis to build concentrated equity portfolios and diversified bond strategies managed with a long-term perspective.

Active portfolio management Concentrated stock management
user avatar

Karl K

Series 63, Series 65

Bloomfield Hills, MI

DeRoy & Devereaux Private Investment Counsel, Inc.

Karl Knas is a financial advisor at DeRoy & Devereaux Private Investment Counsel, Inc. in Bloomfield Hills, MI, with 15 years of industry experience. He holds the Series 63 and Series 65 designations and has been with DeRoy & Devereaux since 2015. DeRoy & Devereaux provides discretionary investment management to high-net-worth individuals, families, foundations, pension and Taft-Hartley plans, and other institutional investors, including municipalities. The firm employs a bottom-up, value-oriented investment approach across equities and fixed income, managing concentrated and diversified portfolios with a long-term focus.

Active portfolio management Concentrated stock management
user avatar

Laree P

Series 63, Series 65

Phoenix, AZ

DeRoy & Devereaux Private Investment Counsel, Inc.

Laree Perez is a financial advisor at DeRoy & Devereaux Private Investment Counsel, Inc. in Phoenix, AZ, holding Series 63 and Series 65 licenses with 16 years of industry experience. She has been with DeRoy & Devereaux since 2015. Perez serves on the board of directors as well as the audit and finance committees for Martin Marietta, a supplier of aggregates and heavy building materials. DeRoy & Devereaux provides discretionary investment management to high-net-worth individuals, families, foundations, pension and Taft-Hartley plans, and other institutional investors, including municipalities. The firm employs a bottom-up, value-oriented investment approach focused on actively managed separate accounts and diversified bond strategies with a long-term orientation.

Active portfolio management Concentrated stock management
user avatar

Sarah S

Series 65

Bloomfield Hills, MI

DeRoy & Devereaux Private Investment Counsel, Inc.

Sarah Schattner is a financial advisor at DeRoy & Devereaux Private Investment Counsel, Inc. in Bloomfield Hills, MI, holding a Series 65 designation with 15 years of industry experience. She has been with DeRoy & Devereaux since 2012. DeRoy & Devereaux provides discretionary investment management to high-net-worth individuals, families, foundations, pension and Taft-Hartley plans, and institutional investors, including municipalities. The firm employs a bottom-up, value-oriented investment approach focused on fundamentally analyzed, concentrated equity portfolios and diversified bond strategies managed with a long-term perspective.

Active portfolio management Concentrated stock management
user avatar

Sean W

CFA®

Bloomfield Hills, MI

DeRoy & Devereaux Private Investment Counsel, Inc.

Sean Wright is a CFA® charterholder currently with DeRoy & Devereaux Private Investment Counsel, Inc., where he has worked since 2026. He has over a decade of industry experience, including 15 years at Munder Capital Management. DeRoy & Devereaux provides discretionary investment management primarily to high-net-worth individuals, families, and institutional clients, employing a value-oriented, bottom-up fundamental investment approach across equity and fixed income portfolios.

Active portfolio management Concentrated stock management
user avatar

Michael H

CFA®

Winston-Salem, NC

DeRoy & Devereaux Private Investment Counsel, Inc.

Michael Harris is a CFA® charterholder with 16 years of industry experience. He has been with DeRoy & Devereaux Private Investment Counsel, Inc. since 2004. The firm provides discretionary investment management primarily to high-net-worth individuals, families, foundations, pension plans, endowments, and municipalities. DeRoy & Devereaux employs a value-oriented, bottom-up fundamental investment approach and manages focused equity portfolios and distinct fixed income strategies, serving mostly on a discretionary basis.

Active portfolio management Concentrated stock management
user avatar

Steven L

Series 65

Bloomfield Hills, MI

DeRoy & Devereaux Private Investment Counsel, Inc.

Steven Lewis is a Series 65 licensed advisor with DeRoy & Devereaux Private Investment Counsel, Inc. in Bloomfield Hills, Michigan, where he has worked since 2015. He has 14 years of experience in the financial industry. DeRoy & Devereaux provides discretionary investment management to high-net-worth individuals, families, foundations, pension and Taft-Hartley plans, and other institutional investors, including municipalities. The firm employs a bottom-up, value-oriented investment approach focused on actively managed separate accounts, with portfolios managed individually and a long-term orientation.

Active portfolio management Concentrated stock management
View complete list of advisors at this firm
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