DeRoy & Devereaux Private Investment Counsel, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$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
Expertise
Fee options
$0 - $5 million: 1.0% $5 million - $10 million: 0.75% $10 million+: 0.50%
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 office40705 Woodward Avenue, Suite 150
Bloomfield Hills MI 48304
Advisors at this office
9
Offices (3)
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
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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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.
Advisors at this firm
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