# Advance Capital Management Inc

> Advance Capital Management Inc is an SEC-registered investment advisory firm in Southfield, MI, registered since 1986, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 110767
- Filed as: ADVANCE CAPITAL MANAGEMENT INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Southfield, MI
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110767
- AdvisorCensus page: https://advisorcensus.com/firm/advance-capital-management-inc-southfield-mi-110767

## Quick answers

**How is Advance Capital Management Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Advance Capital Management Inc reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Advance Capital Management Inc located?**
Advance Capital Management Inc's principal office is in Southfield, MI, according to its Form ADV; the April 2026 filing also lists 7 other offices (Schedule D, Section 1.F).

**Is Advance Capital Management Inc registered with the SEC or a state?**
Advance Capital Management Inc is an SEC-registered investment advisory firm, registered since 1986. Status as filed: Approved. CRD 110767.

**How much does Advance Capital Management Inc manage?**
Advance Capital Management Inc reports $4,980,840,651 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (98% discretionary).

**How have Advance Capital Management Inc's assets and staff changed since 2021?**
In the Form ADV data for Advance Capital Management Inc: Regulatory assets under management: $3,451,072,833 in the October 2021 data and $4,980,840,651 in the October 2026 data, up 44%. Total employees: 50 in October 2021 and 62 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Advance Capital Management Inc serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (5,756); high net worth individuals (1,531); pension and profit sharing plans (but not the plan participants or government pension plans) (47).

**Which custodians does Advance Capital Management Inc use?**
Advance Capital Management Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Advance Capital Management Inc report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110767

**What changed in Advance Capital Management Inc's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $4,504,447,556 to $4,980,840,651 (+11%). Registered or notice-filed in ID.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $4,980,840,651
- Discretionary: $4,904,620,288
- Non-discretionary: $76,220,363

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 5,756 | $1,928,163,207 |
| High net worth individuals | 1,531 | $2,978,005,954 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 47 | $39,936,635 |
| Charitable organizations | 16 | $24,454,094 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 13 | $10,249,834 |
| Other | 2 | $30,927 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1986 (39 years)
- Employees: 62 total, 29 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, AZ, CA, CO, CT, FL, GA, IA, ID, IL, IN, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NH, NJ, NM, NV, NY, OH, OR, PA, SC, TN, TX, UT, VA, WA, WI, WV
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110767

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Ann Arbor, MI
- Dallas, TX
- Grand Rapids, MI
- Independence, OH
- Lisle, IL
- Saginaw, MI
- Traverse City, MI

### Websites listed on Form ADV (Item 1.I)
- acadviser.com
- Facebook @ACADVISER
- LinkedIn @ADVANCE-CAPITAL_2
- X @Advance_Capital
- YouTube @ATTRetirementUniversity
- YouTube @AdvanceCapitalManagement
- YouTube @JeffLidoCFP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,451,072,833 | 50 | March 31, 2021 |
| October 2022 | $4,069,536,806 | 54 | March 31, 2022 |
| October 2023 | $3,569,927,529 | 54 | August 30, 2023 |
| October 2024 | $4,023,482,795 | 54 | September 26, 2024 |
| October 2025 | $4,504,447,556 | 55 | June 20, 2025 |
| October 2026 | $4,980,840,651 | 62 | March 26, 2026 |

Regulatory assets under management: $3,451,072,833 in the October 2021 data and $4,980,840,651 in the October 2026 data, up 44%.
Total employees: 50 in October 2021 and 62 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $4,504,447,556 to $4,980,840,651 (+11%).
- Registered or notice-filed in ID.

### December 2025
- Employees performing advisory functions went from 30 to 29.

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Advance Capital Management Inc (CRD 110767): Form ADV filing data as of October 2026.