September 24, 2025
RIAs are one of the most dynamic and fast growing channels for investment firms to call on when fundraising. The challenge has always been: “what RIAs invest in outside managers and are not investment managers themselves?”
Through our Dakota Marketplace database of RIAs, we have aimed to solve that problem by curating and vetting each RIA by hand and only showing those RIAs that are true prospects for an investment firm. This saves both the investment sales team member time, but also saves the “other” RIAs that don’t allocate to other managers from getting unnecessary emails and phone calls.
Below are a few RIAs in Detroit that we thought you might like to know. For a more detailed list of RIAs in Detroit, click here to see for free.
1. Wealth Strategies Financial Group
AUM: $104.47B
Wealth Strategies Financial Group operates as an RIA based at 20750 Civic Center Dr, Suite 590, Southfield, MI, within the Detroit metro area. The firm, affiliated with the Securian network, boasts a team of over 20 financial advisors providing tailored services to clients. With an open architecture platform, Wealth Strategies allocates solely to strategies approved by its broker dealer, Securian, ensuring a curated investment approach.
The firm manages an AUM of $104.47B. Led by Founder Mike Amine, Wealth Strategies Financial Group prioritizes client engagement, offering personalized financial solutions within a framework aligned with Securian's guidelines. The team's commitment to approved strategies underscores a focus on prudent and compliant investment practices.
AUM: $25.40B
Axtella is an RIA specializing in a multi-channel wealth management platform. Situated at 300 Parkland Plaza, Ann Arbor, MI, the organization serves Registered Investment Advisors, independent broker-dealers, and hybrid advisors within the Detroit metro area. Axtella prioritizes comprehensive infrastructure, support, and flexibility for independent financial professionals, emphasizing strong advisor-client relationships and tailored financial solutions.
The firm manages an AUM of $25.40B and is composed of key entities including Sigma Financial Corporation, Parkland Securities, LLC, and Sigma Planning Corporation. These subsidiaries provide regulatory support to Axtella's extensive network of financial advisors, ensuring a robust framework for delivering personalized financial planning services and product strategies aligned with clients' goals.
3. Plante Moran Financial Advisors
AUM: $21.79B
Plante Moran Financial Advisors is an RIA specializing in Multi Family Office services. The firm is situated at 27400 Northwestern Highway, Southfield, MI, operating within the Detroit metro area. Known for its holistic approach, Plante Moran Financial Advisors offers a wide range of financial advisory services, including financial planning, investment advisory, estate planning, tax planning, and family office services.
Plante Moran Financial Advisors manages an impressive AUM of $21.79B. The firm's investment strategy focuses on long-term returns through a disciplined, research-driven approach. They provide access to alternative investments such as hedge funds, private equity, real estate, and private credit to enhance returns and diversify risk for their clients. By collaborating with leading alternative investment managers, Plante Moran Financial Advisors offers exclusive opportunities typically not easily accessible.
AUM: $5.66B
Sigma Planning Corporation is an RIA specializing in Multi Family Office services. The firm is headquartered at 300 Parkland Plaza, Ann Arbor, MI and operates within the Detroit metro area. Sigma Planning Corporation offers Fee-Based Wealth Management with Custodial Services through Fidelity Institutional Services, along with Comprehensive Financial Plans covering various areas such as Estate Planning, Asset Allocation, and Investment Analysis.
Sigma Planning Corporation manages an AUM of $5.66B. The firm's investment strategy focuses on long-term growth and stability, with a diversified portfolio that includes exchange-traded securities, business development companies, and cash equivalents. Additionally, Sigma Planning Corporation integrates alternative investments like private equity and venture capital to enhance diversification and potentially achieve higher returns.
AUM: $5.4B
Route Financial Group operates as a RIA, emphasizing the significance of the financial journey alongside the objectives of its clients. The firm is located at Columbia Center, 101 West Big Beaver Road, 14th Floor, Troy, MI, and is associated with the Detroit metro area. The firm provides personalized financial guidance rooted in extensive experience, promoting collaborative planning and clear direction to help clients achieve their financial goals.
Route Financial Group manages an AUM of $5.4 billion as of March 31, 2025. The firm collaborates with RFG Advisory, leveraging advanced technology tools and personalized support to deliver customized financial planning solutions. This affiliation allows clients' advisors to benefit from institutional-level investment strategies and comprehensive operational support, enhancing the overall client experience.
AUM: $4.93B
The Ascent Group, LLC operates as a RIA with a focus on Direct Investor services. The firm is located at 28 West Adams Avenue, Suite 800, Detroit, MI, and is associated with the Detroit metro area. The Ascent Group specializes in investing in, scaling, and operating B2B SaaS companies, utilizing a hands-on approach to help founders and executive teams achieve sustainable growth.
The Ascent Group manages an AUM of $4.93B. The firm targets B2B businesses with revenues between $3M and $30M, emphasizing those with established customer bases and recurring revenue streams. It adopts a tailored investment strategy, aligning closely with the goals of portfolio company management to drive long-term success.
7. Mainstay Capital Management, LLC
AUM: $4.52B
Mainstay Capital Management, LLC operates as a Registered Investment Advisor (RIA) with a focus on Multi Family Office services. The firm is located at 10775 South Saginaw Street Building C Suite F, Grand Blanc, MI, and is associated with the Detroit metro area. Mainstay Capital Management is an independent, fee-only firm managing over $2 billion in assets, ensuring objective investment advice aligned with client interests.
The firm manages an AUM of approximately $4.52B and incorporates alternative investments into its portfolio strategies to enhance diversification and returns. Mainstay emphasizes a customized investment approach, focusing on detailed asset allocation based on clients' risk tolerance and financial objectives. The firm's investment strategy includes a diverse range of asset classes, including domestic and international stocks, bonds, and real estate, while also specializing in managing workplace savings plan accounts.
8. Advance Capital Management, Inc.
AUM: $4.50B
The organization Advance Capital Management, Inc. is an RIA specializing in Multi Family Office services. Situated at 1 Towne Square Suite 444, Southfield, MI, it is recognized as one of the largest money managers in the Detroit metro area. With assets under management totaling over $4.5B, the firm caters to more than 5,500 investment advisory clients, offering diversified model portfolios for discretionary accounts invested in mutual funds and ETFs. Advance Capital provides extensive financial planning and investment management services under one roof. They offer institutional investment consulting, retirement plan services, and have the capability to explore alternative investments such as private equity, private credit, real estate, crypto, and real assets for specific clients. The firm's commitment to personalized service is evident in its one-on-one client approach, despite its significant growth and recognition within the financial industry.
9. Schechter Investment Advisors, LLC
AUM: $3.94B
Schechter Investment Advisors, LLC is an RIA specializing in Multi Family Office services. Situated at 111 E. Merrill Street, Suite 400, Birmingham, MI, the firm operates within the Detroit metro area. Led by CIO Aaron Hodari, Schechter offers customized investment management strategies across public and private markets, with a focus on fee and tax awareness.
The firm oversees an AUM of $3.94B and maintains a diverse investment universe. Through its division Schechter Private Capital, it engages in direct investments in private companies. Collaborations with industry partners like Callan further enhance its tailored approach to wealth advisory and financial services.
10. Azimuth Capital Management
AUM: $3.83B
Azimuth Capital Management is an RIA specializing in Multi Family Office services. Situated at 200 E Long Lake Rd, Bloomfield Hills, MI, the firm operates within the Detroit metro area. Azimuth Capital Management focuses on providing customized financial, tax, and estate solutions, emphasizing long-term growth and transparent investment management.
Azimuth Capital Management oversees an AUM of $3.83B. The firm's alternative investment strategy offers diversified opportunities such as private equity, hedge funds, real estate, and commodities, aligning investments with long-term client goals. With a client-centric approach, Azimuth Capital Management delivers tailored financial planning, investment management, tax strategies, and estate planning services, ensuring a personalized and comprehensive wealth management experience.
To see a full list of RIAs in Detroit or other metros, book a demo of dakota marketplace.
Morgan Holycross is a Marketing Manager at Dakota.
