Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management of Pooled Investment Vehicles
- Portfolio Management for Businesses or Institutional Clients
- Selection of Others Advisors
- Educational Seminars & Workshops
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pooled Investment Vehicles
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Telemus Capital, LLC Overview
TELEMUS CAPITAL, LLC is a fee-based investment advisory firm based in Southfield, MI that has been in business since 2013. As a registered investment advisory firm, they are authorized to offer investment advice and are also able to sell additional financial products to clients. Their services include financial planning, portfolio management for individuals and small businesses, portfolio management of pooled investment vehicles, and portfolio management for businesses or institutional clients. TELEMUS CAPITAL, LLC also offers additional services such as selection of other advisors, educational seminars and workshops, as well as family CFO services and credit and cash management solutions. This diverse range of services allows them to cater to a broad spectrum of clients with varying needs and preferences. Overall, TELEMUS CAPITAL, LLC aims to be a comprehensive financial partner that provides customized solutions tailored to their clients' unique investment objectives. With a reputation for providing excellent customer service and an extensive track record in the industry, TELEMUS CAPITAL, LLC is well-positioned to offer expert financial advice to their clients. Their trained and experienced advisors are dedicated to helping their clients achieve their financial goals through tailored investment strategies and ongoing portfolio management. Whether it's creating a retirement plan or managing a pooled investment vehicle, the advisors at TELEMUS CAPITAL, LLC are committed to providing their clients with reliable and sustainable investment services.
TELEMUS CAPITAL, LLC is a wealth management firm that caters to a variety of clients. Among the types of clients served are individuals seeking to grow and protect their wealth, high net worth individuals with more complex financial needs, pooled investment vehicles such as hedge funds and mutual funds, pension or profit sharing plans for businesses, charitable organizations, state or municipal government entities, and other corporation types not listed. The firm takes great pride in its ability to offer customized solutions to each of these unique client types. TELEMUS CAPITAL, LLC offers a range of fee structures depending on the specific services provided. One option is a percentage of assets under management (AUM), which is a common approach for investment management services. Another option is an hourly fee, which can be applicable for certain financial planning or consulting services. Fixed fees are also available depending on the nature and complexity of the work requested. Clients can choose the structure that best fits their needs and objectives. The firm is transparent in all fee arrangements and ensures that clients understand the costs associated with their services up front. With its flexible approach to fees and commitment to personalized service, TELEMUS CAPITAL, LLC stands out in the wealth management industry.
Typical Clients, Fee Structures & Investment Minimum
According to TELEMUS CAPITAL, LLC's Part 2 Brochure, they do not have a formal investment minimum amount. However, the firm retains the discretion to decline any proposed client engagement that is too small to serve appropriately within their infrastructure. Therefore, it is unclear what their investment minimum may be, but prospective clients should be aware that their proposal may be declined if it is deemed too small for the firm to effectively serve.
How This Office Can Help Southfield, MI Residents
Telemus Capital is a full-service wealth management firm that assists clients in Southfield, MI, with a range of financial needs. For clients who are nearing retirement, Telemus has a suite of investment and planning services to help ensure they will be on solid financial footing during their golden years. The company's expert financial planners work with clients to develop customized strategies that are tailored to each individual's unique goals and circumstances. They can also provide guidance on estate planning and tax strategies, so that clients can get the most out of their wealth. For younger clients who may be trying to build wealth and grow their assets over time, Telemus Capital offers a range of investment and savings options, as well as guidance on strategies for deciding how to allocate their funds. The company can help with everything from retirement planning to college savings plans to investment management, and can assist clients in navigating the complex world of financial regulations and tax laws. Whether someone in Southfield is just starting out on the path to financial success, or is already well on their way, Telemus Capital offers a range of services to help them achieve their goals and maximize their financial potential.
Services Offered by Telemus Capital, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Telemus Capital, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Telemus Capital, LLC is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maryland
- Massachusetts
- Michigan
- Missouri
- Nebraska
- New Hampshire
- New Jersey
- New York
- North Carolina
- Ohio
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- Tennessee
- Texas
- Utah
- Virginia
- Washington
- Wisconsin
Disciplinary History
Telemus Capital, LLC does not have any disclosures. Please visit it's Form ADV for more details.