DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Exchange Capital Management Inc

Former SEC-registered adviserAnn Arbor, MichiganCRD 104875SEC 801-36104websiteIAPD
Latest filing Feb 27, 2025
First filing on the tape Mar 21, 2012 · 49 filings
SEC status approved since Feb 21, 1990
RAUM
$833M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
95%
$792M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
13
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
49 filings and snapshots on the tape
RAUM$833M as of Feb 27, 2025
Mar 21, 2012$247M then
HNW client RAUM$759M as of Feb 27, 2025
Mar 23, 2018$369M then
State-registered IARs (5.B.3)11 as of Feb 27, 2025
Mar 18, 20135 then
Employees (5.A)13 as of Feb 27, 2025
Mar 18, 20135 then
Private funds: no history
RAUM +12% over the last fiscal year+5.7% a year over threeIARs 10 to 11offices 1 to 0
Practice profile
derived from the filing of Feb 27, 2025; every figure names its basis
RAUM per advisor
$75.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
33derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.2MderivedHNW RAUM over HNW clients
Average account
$622,894derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
11.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+12%derivedbetween the last two annual amendments
Advisor growth, one year
+10%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.6%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Custody
$444M, 261 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$759M91%
  • Individuals$33.3M4.0%
  • Corporations and businesses$20.2M2.4%
  • Insurance companies$11.3M1.4%
  • Pension and profit-sharing plans$5.8M0.7%
  • Charitable organizations$3.5M0.4%
Individual clients
127reported
HNW clients
240reported
Pension plan clients
1reported
Charitable clients
1reported
Accounts
1,337reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
$444M for 261 clientsreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
none on the tape
    Every departureEvery arrival
    Teams: two or more advisors moving together within fourteen days, from one state
      Teams outTeams in
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Stephen Joseph Crowley · Executive Officercontrol
        since 05/2023 · owns 5% to 10%
      • Daniel Kevin Mcveigh · Managing Directorcontrol
        since 12/1995 · owns 25% to 50%
      • Robert Michael Reid · Ccocontrol
        since 12/1989 · owns 25% to 50%
      • David Andrew Stewart · Executive Officercontrol
        since 01/2020 · owns 10% to 25%
      Related persons
      Schedule D 7.A
      No related person reported.
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Rosemount, Mn000
      Ann Arbor, Mi · principal000
      Offices
      Schedule D 1.F, the 25 largest
      • , 1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 1,105 to 1,337
        Sep 23, 2024 to Feb 27, 2025
      • Advisory employees · 10 to 11
        Sep 23, 2024 to Feb 27, 2025
      • Corporate clients · 4 to 3
        Sep 23, 2024 to Feb 27, 2025
      • HNW clients · 196 to 240
        Sep 23, 2024 to Feb 27, 2025
      • Individual clients · 155 to 127
        Sep 23, 2024 to Feb 27, 2025
      • Pension plan clients · 2 to 1
        Sep 23, 2024 to Feb 27, 2025
      • Assets in custody · $463M to $444M
        Sep 23, 2024 to Feb 27, 2025
      • Employees · 14 to 13
        Sep 23, 2024 to Feb 27, 2025
      • Financial planning clients · 251-500 to 251-500
        Sep 23, 2024 to Feb 27, 2025
      • State-registered IARs · 10 to 11
        Sep 23, 2024 to Feb 27, 2025
      • Other offices · 1 to 0
        Sep 23, 2024 to Feb 27, 2025
      • Discretionary RAUM · $742M to $831M
        Sep 23, 2024 to Feb 27, 2025
      • HNW RAUM · $640M to $759M
        Sep 23, 2024 to Feb 27, 2025
      • Individual RAUM · $56.7M to $33.3M
        Sep 23, 2024 to Feb 27, 2025
      • Non-discretionary RAUM · $1.8M to $1.7M
        Sep 23, 2024 to Feb 27, 2025
      • Pension RAUM · $9.4M to $5.8M
        Sep 23, 2024 to Feb 27, 2025
      • RAUM · $744M to $833M
        Sep 23, 2024 to Feb 27, 2025
      • Accounts · 1,042 to 1,105
        Oct 11, 2023 to Feb 13, 2024
      • Advisory employees · 9 to 10
        Oct 11, 2023 to Feb 13, 2024
      • HNW clients · 176 to 196
        Oct 11, 2023 to Feb 13, 2024
      • Individual clients · 160 to 155
        Oct 11, 2023 to Feb 13, 2024
      • Assets in custody · $360M to $463M
        Oct 11, 2023 to Feb 13, 2024
      • Employees · 13 to 14
        Oct 11, 2023 to Feb 13, 2024
      • State-registered IARs · 9 to 10
        Oct 11, 2023 to Feb 13, 2024
      • Discretionary RAUM · $608M to $742M
        Oct 11, 2023 to Feb 13, 2024
      • HNW RAUM · $502M to $640M
        Oct 11, 2023 to Feb 13, 2024
      • Individual RAUM · $60.2M to $56.7M
        Oct 11, 2023 to Feb 13, 2024
      • Non-discretionary RAUM · $1.7M to $1.8M
        Oct 11, 2023 to Feb 13, 2024
      • Pension RAUM · $8.1M to $9.4M
        Oct 11, 2023 to Feb 13, 2024
      • RAUM · $610M to $744M
        Oct 11, 2023 to Feb 13, 2024
      • Accounts · 1,007 to 1,042
        Apr 8, 2022 to Mar 7, 2023
      • Advisory employees · 10 to 9
        Apr 8, 2022 to Mar 7, 2023
      • Corporate clients · 1 to 4
        Apr 8, 2022 to Mar 7, 2023
      • HNW clients · 185 to 176
        Apr 8, 2022 to Mar 7, 2023
      • Individual clients · 139 to 160
        Apr 8, 2022 to Mar 7, 2023
      • Assets in custody · $254M to $360M
        Apr 8, 2022 to Mar 7, 2023
      • State-registered IARs · 10 to 9
        Apr 8, 2022 to Mar 7, 2023
      • Discretionary RAUM · $703M to $608M
        Apr 8, 2022 to Mar 7, 2023
      • HNW RAUM · $597M to $502M
        Apr 8, 2022 to Mar 7, 2023
      • Individual RAUM · $52.6M to $60.2M
        Apr 8, 2022 to Mar 7, 2023
      Signals
      18 dated events
      • Exchange Capital Management Inc no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $832.8M)
        Dec 20, 2025 · Left the SEC roster · derived
      • Noah Scott Melquist left Exchange Capital Management Inc for Lido (registered 2025-07-21)
        Sep 15, 2025 · Advisor changed firm · fact
      • Daniel Joseph Smith left Exchange Capital Management Inc for Lido (registered 2025-07-18)
        Sep 15, 2025 · Advisor changed firm · fact
      • Joel Harding Van Buren left Exchange Capital Management Inc for Lido (registered 2025-07-18)
        Sep 15, 2025 · Advisor changed firm · fact
      • Exchange Capital Management Inc's advisors moved to Lido (Ann Arbor, MI): 10 of 10 registered, on the same day
        Sep 15, 2025 · Firm absorbed (people side) · derived
      • Benjamin Samoylov left Exchange Capital Management Inc for Lido (registered 2025-07-18)
        Sep 15, 2025 · Advisor changed firm · fact
      • Daniella Maria Amore left Exchange Capital Management Inc for Lido (registered 2025-07-21)
        Sep 15, 2025 · Advisor changed firm · fact
      • Joseph Stephen Crowley left Exchange Capital Management Inc for Lido (registered 2025-07-21)
        Sep 15, 2025 · Advisor changed firm · fact
      • Jotham Zachary Monsma left Exchange Capital Management Inc for Lido (registered 2025-07-21)
        Sep 15, 2025 · Advisor changed firm · fact
      • Andrew David Stewart left Exchange Capital Management Inc for Lido (registered 2025-07-21)
        Sep 15, 2025 · Advisor changed firm · fact
      • Michael Robert Reid left Exchange Capital Management Inc for Lido (registered 2025-07-21)
        Sep 15, 2025 · Advisor changed firm · fact
      • Kevin Daniel Mcveigh left Exchange Capital Management Inc for Lido (registered 2025-07-21)
        Sep 15, 2025 · Advisor changed firm · fact
      • Matthew James Ross left Exchange Capital Management Inc for Lido (registered 2026-04-08)
        Aug 5, 2025 · Advisor changed firm · fact
      • Matthew Charles Farris left Exchange Capital Management Inc for Bond & Devick Wealth Partners (registered 2025-09-22)
        Jun 14, 2024 · Advisor changed firm · fact
      • Stephen Joseph Crowley (Executive Officer) appeared on Schedule A of Exchange Capital Management Inc
        May 1, 2023 · Control person joined · fact
      • David Andrew Stewart (Executive Officer) appeared on Schedule A of Exchange Capital Management Inc
        Mar 27, 2020 · Control person joined · fact
      • David Andrew Stewart (Corporate Vice President) appeared on Schedule A of Exchange Capital Management Inc
        Mar 25, 2020 · Control person joined · fact
      • Jerome Thomas Costigan (Vice President) no longer on Schedule A of Exchange Capital Management Inc (listed 2020-02-13, absent 2020-03-25)
        Mar 25, 2020 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026