The Enterprise Investment Company (Farmington Hills)

Name: The Enterprise Investment Company
Address: 30301 Northwestern Highway, Farmington Hills, MI, 48334
Telephone: 248-539-8282

The Enterprise Investment Company is a large advisory firm based in Farmington Hills. It manages $213.23 million of regulatory assets for 739 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Florida and Michigan.

The Enterprise Investment Company provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Enterprise Investment Company: assets under management

The assets under management (AUM) of The Enterprise Investment Company is $213.23 million. The firm's AUM has grown by 396% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $160.91 million in discretionary accounts and $52.31 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $355.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $182.91 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Enterprise Investment Company for their services and products based on a percentage of assets under management, hourly charges, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Enterprise Investment Company serves?

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of The Enterprise Investment Company is high net worth individuals with 253 clients and $186.3 million of assets under management. Among the 9 most similar advisory firms, The Enterprise Investment Company has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $213.23 million for 291 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

The Enterprise Investment Company doesn't advise any private funds.

Careers at The Enterprise Investment Company

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Norman Arthur Pappas	President & chief compliance officer	1 Jun 1985	75% - 100%	356173
Edward J Albers	Director of insurance	1 Jan 2014	Other	4585063
Gil J Feldman	Director of investments	1 Jan 2014	Other	3161075
Andrew John Marra	Comptroller	1 Jan 2014	Other	4763966

Based in Farmington Hills

The principal office where The Enterprise Investment Company performs its advisory services is located at 30301 Northwestern Highway, Farmington Hills, MI 48334, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-539-8282 or by fax 248-539-8283. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at pappasfinancial.com.