Telemus Capital, LLC (Southfield)

Name: Telemus Capital, LLC
Address: Two Towne Square, Southfield, MI, 48076
Telephone: 248-827-1800

Telemus Capital, LLC is a large advisory firm based in Southfield. It manages $2.59 billion of regulatory assets for 4,058 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Colorado, and 25 other states.

Telemus Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, educational seminars and workshops, and business and personal management services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Telemus Capital: assets under management

The assets under management (AUM) of Telemus Capital, LLC is $2.59 billion. The firm's AUM has grown by 7% since the beginning of its operation, and $7.11 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.03 billion in discretionary accounts and $561.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $609.97 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $766.79 thousand.

Telemus Capital has custody of $554.61 million in cash and securities for 408 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 38% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Telemus Capital, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Telemus Capital serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Telemus Capital is high net worth individuals with 386 clients and $1.49 billion of assets under management. Among the 10 most similar advisory firms, Telemus Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.59 billion for 1,456 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Telemus Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Telemus Capital, LLC

The company employs 40 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 25 employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Focus Financial Partners Inc. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Operating	Member	1 Aug 2013	75% - 100%	20-8161914
Gary Louis Ran	Chief executive officer	1 Aug 2013	Other	1008774
Robert James Schlagheck	Chief financial officer & controller	1 Aug 2013	Other	4967236
Focus Operating Llc	Member	1 Aug 2013	75% - 100%	20-8161914
Eric Carl Oppenheim	Chief operating officer/chief compliance officer/general counsel	1 Aug 2013	Other	2444926
Eric Carl Oppenheim	General counsel/chief compliance officer	1 Mar 2014	Other	2444926
Lloyd Adam Perlmutter	Chief operating officer	1 Mar 2014	Other	6341966
Mary Meneely Wilson	Chief operations officer	1 Apr 2016	Other	2016648

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3568448
L.P. Summit Ventures Vi A	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Southfield

The principal office where Telemus Capital, LLC performs its advisory services is located at Two Towne Square, Southfield, MI 48076, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-827-1800 or by fax 248-827-1808. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at telemuscapital.com/.