{
  "crd_number": 116889,
  "slug": "the-enterprise-investment-company-farmington-hills-mi-116889",
  "primary_business_name": "THE ENTERPRISE INVESTMENT COMPANY",
  "legal_name": "THE ENTERPRISE INVESTMENT COMPANY",
  "dbas": [
    "PAPPAS FINANCIAL"
  ],
  "city": "Farmington Hills",
  "state": "MI",
  "country": "United States",
  "cbsa_code": "19820",
  "metro": {
    "cbsa_code": "19820",
    "common_name": "Detroit",
    "msa_name": "Detroit-Warren-Dearborn, MI",
    "path": "/advisors/mi/detroit"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-07-24",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-04-29",
  "carried_forward": false,
  "raum_total": 607092382.0,
  "raum_discretionary": 507427985.0,
  "raum_non_discretionary": 99664397.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 7,
  "advisory_employees": 7,
  "client_count_bucket": null,
  "clients_by_type": {
    "pension_profit_sharing": {
      "raum": 43242950.0,
      "count": 46
    },
    "high_net_worth_individuals": {
      "raum": 563849432.0,
      "count": 795
    }
  },
  "compensation_types": [
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MI",
    "NY"
  ],
  "websites": [
    "https://pappasfinancial.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/116889",
  "city_as_filed": "FARMINGTON HILLS",
  "url": "https://advisorcensus.com/firm/the-enterprise-investment-company-farmington-hills-mi-116889",
  "display_name": "The Enterprise Investment Company",
  "summary": "The Enterprise Investment Company is an SEC-registered investment advisory firm in Farmington Hills, MI, registered since 2015, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 29, 2026.",
  "citation": "AdvisorCensus. The Enterprise Investment Company (CRD 116889): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is The Enterprise Investment Company compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), The Enterprise Investment Company reports these compensation arrangements: a percentage of assets under its management; hourly charges."
    },
    {
      "q": "Where is The Enterprise Investment Company located?",
      "a": "The Enterprise Investment Company's principal office is in Farmington Hills, MI, according to its Form ADV."
    },
    {
      "q": "Is The Enterprise Investment Company registered with the SEC or a state?",
      "a": "The Enterprise Investment Company is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 116889."
    },
    {
      "q": "How much does The Enterprise Investment Company manage?",
      "a": "The Enterprise Investment Company reports $607,092,382 in regulatory assets under management in its Form ADV filing dated April 29, 2026 (84% discretionary)."
    },
    {
      "q": "How have The Enterprise Investment Company's assets and staff changed since 2021?",
      "a": "In the Form ADV data for The Enterprise Investment Company: Regulatory assets under management: $258,951,360 in the October 2021 data and $607,092,382 in the October 2026 data, up 134%. Total employees: 7 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does The Enterprise Investment Company serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (795); pension and profit sharing plans (but not the plan participants or government pension plans) (46)."
    },
    {
      "q": "Which custodians does The Enterprise Investment Company use?",
      "a": "The Enterprise Investment Company's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and SEI Investments Distribution Co. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does The Enterprise Investment Company report any disciplinary disclosures?",
      "a": "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/116889"
    },
    {
      "q": "What changed in The Enterprise Investment Company's recent Form ADV filings?",
      "a": "In the May 2026 filing data: Regulatory assets under management went from $479,569,513 to $607,092,382 (+27%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 258951360.0,
      "total_employees": 7,
      "filing_date": "2021-04-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 305358753.0,
      "total_employees": 7,
      "filing_date": "2022-06-10"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 368005328.0,
      "total_employees": 7,
      "filing_date": "2023-09-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 432711827.0,
      "total_employees": 7,
      "filing_date": "2024-04-22"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 479569513.0,
      "total_employees": 7,
      "filing_date": "2025-04-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 607092382.0,
      "total_employees": 7,
      "filing_date": "2026-04-29"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Regulatory assets under management went from $479,569,513 to $607,092,382 (+27%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "SEI Investments Distribution Co.",
      "name_as_filed": "SEI INVESTMENTS DISTRIBUTION CO.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/the-enterprise-investment-company-farmington-hills-mi-116889.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 795,
      "fewer_than_5": false,
      "raum": 563849432.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 46,
      "fewer_than_5": false,
      "raum": 43242950.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/116889",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}