# Deroy & Devereaux Private Investment Counsel, Inc.

> Deroy & Devereaux Private Investment Counsel, Inc. is an SEC-registered investment advisory firm in Bloomfield Hills, MI, registered since 2002, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 24, 2026.

- CRD: 121560
- Filed as: DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL, INC.
- Also doing business as: DEROY & DEVEREAUX
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bloomfield Hills, MI
- Filing period: October 2026
- Form ADV filing dated: September 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/121560
- AdvisorCensus page: https://advisorcensus.com/firm/deroy-and-devereaux-private-investment-counsel-inc-bloomfield-hills-mi-121560

## Quick answers

**How is Deroy & Devereaux Private Investment Counsel, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Deroy & Devereaux Private Investment Counsel, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Deroy & Devereaux Private Investment Counsel, Inc. located?**
Deroy & Devereaux Private Investment Counsel, Inc.'s principal office is in Bloomfield Hills, MI, according to its Form ADV.

**Is Deroy & Devereaux Private Investment Counsel, Inc. registered with the SEC or a state?**
Deroy & Devereaux Private Investment Counsel, Inc. is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 121560.

**How much does Deroy & Devereaux Private Investment Counsel, Inc. manage?**
Deroy & Devereaux Private Investment Counsel, Inc. reports $2,580,243,168 in regulatory assets under management in its Form ADV filing dated September 24, 2026 (100% discretionary).

**How have Deroy & Devereaux Private Investment Counsel, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Deroy & Devereaux Private Investment Counsel, Inc.: Regulatory assets under management: $1,608,713,426 in the October 2021 data and $2,580,243,168 in the October 2026 data, up 60%. Total employees: 16 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Deroy & Devereaux Private Investment Counsel, Inc. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (119); charitable organizations (14); state or municipal government entities (including government pension plans) (14).

**Which custodians does Deroy & Devereaux Private Investment Counsel, Inc. use?**
Deroy & Devereaux Private Investment Counsel, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Deroy & Devereaux Private Investment Counsel, Inc. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/121560

**Does Deroy & Devereaux Private Investment Counsel, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 3, 2026 says: "D&D generally requires a minimum amount of $2 million to open or maintain an account. However, at the Firm’s discretion, account minimums can be waived on an exception basis."

**What changed in Deroy & Devereaux Private Investment Counsel, Inc.'s recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 3, 2026)

- Account minimum: $2,000,000 (the brochure says it may be waived or negotiated)

> D&D generally requires a minimum amount of $2 million to open or maintain an account. However, at the Firm’s discretion, account minimums can be waived on an exception basis.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

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

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: $2,580,243,168
- Discretionary: $2,580,243,168
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 119 | $1,792,249,389 |
| 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) | 11 | $318,285,555 |
| Charitable organizations | 14 | $135,917,590 |
| State or municipal government entities (including government pension plans) | 14 | $333,790,634 |
| 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 | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2002 (24 years)
- Employees: 19 total, 6 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, CO, FL, GA, IL, IN, MI, NC, NM, OK, OR, PA, SC, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [deroydevereaux.com](https://deroydevereaux.com)
- LinkedIn @deroy-&-devereaux-private-investment-counsel-inc-

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,608,713,426 | 16 | September 24, 2021 |
| October 2022 | $1,830,211,890 | 17 | February 28, 2022 |
| October 2023 | $1,762,860,769 | 17 | February 28, 2023 |
| October 2024 | $1,966,273,201 | 18 | March 18, 2024 |
| October 2025 | $2,247,244,101 | 18 | February 28, 2025 |
| October 2026 | $2,580,243,168 | 19 | September 24, 2026 |

Regulatory assets under management: $1,608,713,426 in the October 2021 data and $2,580,243,168 in the October 2026 data, up 60%.
Total employees: 16 in October 2021 and 19 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $2,247,244,101 to $2,580,243,168 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Deroy & Devereaux Private Investment Counsel, Inc. (CRD 121560): Form ADV filing data as of October 2026.