Deroy & Devereaux Private Investment Counsel provides portfolio management for individuals and small businesses and portfolio management for institutions.
Deroy & Devereaux Private Investment Counsel reports 158 clients. They include 119 high-net-worth individuals, 14 charitable organizations and 14 state or municipal government entities. Of its assets, 100.0% ($2.58B across 615 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $24.2M. Of its clients, 2% are outside the U.S. It advised 3 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 75% | 69% |
| Pension and profit-sharing plans | 7% | 12% |
| Charitable organizations | 9% | 5% |
| State or municipal government entities | 9% | 13% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 119 | $1.79B | 69.5% | $15.1M |
| Pension and profit-sharing plans | 11 | $318M | 12.3% | $28.9M |
| Charitable organizations | 14 | $136M | 5.3% | $9.71M |
| State or municipal government entities | 14 | $334M | 12.9% | $23.8M |
| Total | 158 | $2.58B | 100% | $16.3M |
- Clients
- 119
- Regulatory AUM
- $1.79B
- AUM share
- 69.5%
- Avg. per client
- $15.1M
- Clients
- 11
- Regulatory AUM
- $318M
- AUM share
- 12.3%
- Avg. per client
- $28.9M
- Clients
- 14
- Regulatory AUM
- $136M
- AUM share
- 5.3%
- Avg. per client
- $9.71M
- Clients
- 14
- Regulatory AUM
- $334M
- AUM share
- 12.9%
- Avg. per client
- $23.8M
Total
- Clients
- 158
- Regulatory AUM
- $2.58B
- AUM share
- 100%
- Avg. per client
- $16.3M
- Clients outside the U.S.
- 2%
- Clients advised without assets under management last fiscal year
- 3
- Private funds advised
- 0
Deroy & Devereaux Private Investment Counsel is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Jeffrey W. Wardlow Trust owns 25% to 50% of Deroy & Devereaux Private Investment Counsel. The leadership team of Deroy & Devereaux Private Investment Counsel includes President Sean Metrose, Chief Investment Officer Jeffrey Wardlow and Chief Compliance Officer Mary Elizabeth Grabel. It has 19 employees, 6 of them in advisory roles.
Leadership
- Sean MetrosePresident & Portfolio Manager
- Mary Elizabeth GrabelChief Compliance Officer
- Jeffrey WardlowChief Investment Officer & Portfolio Manager
- Sarah SchattnerShareholder
Investment adviser representatives
11 representatives listed in the SEC register as of 9 October 2026.
- Connor James Cloetingh
- Kelly Lynn Fetterman
- Michael Francis Harris
- Karl Laurence Knas
- Steven H Lewis
- Michael Joseph Madison
- Sean Adam Metrose
- Laree Estes Perez
- Sarah Bliss Schattner
- Jeffrey William Wardlow
- Sean Denton Wright
Staff
- 19 employees
- 6 in advisory functions
- 9 state-registered reps
- Owns 25% to 50% of Deroy & Devereaux Private Investment Counsel, Inc.
Jeffrey W. Wardlow Trust
since March 2005
Jeffrey Wardlow
Trustee · Control person · since March 2005
- Owns 25% to 50% of Deroy & Devereaux Private Investment Counsel, Inc.
Sean A. Metrose Trust
since March 2010
Sean Metrose
Trustee · Control person · since March 2010
- Owns 5% to 10% of Deroy & Devereaux Private Investment Counsel, Inc.
Sarah Schattner
since December 2012
- Owns 5% to 10% of Deroy & Devereaux Private Investment Counsel, Inc.
Karl L. Knas Living Trust
since September 2017
Karl Knas
Trustee · since September 2017
- Owns 5% to 10% of Deroy & Devereaux Private Investment Counsel, Inc.
Mary Elizabeth B. Grabel Living Trust
since January 2016
Mary Elizabeth Grabel
Trustee · since January 2016
Deroy & Devereaux Private Investment Counsel’s regulatory assets grew 1.6× from $1.61B (February 2021) to $2.58B (September 2026); clients were 158 in both filings and employees rose from 16 to 19.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $2.58B | 158 | 19 | 3 |
| February 2025 | $2.25B | 154 | 18 | 1 |
| March 2024 | $1.97B | 150 | 18 | 1 |
| February 2023 | $1.76B | 147 | 17 | 1 |
| February 2022 | $1.83B | 140 | 17 | 1 |
| February 2021 | $1.61B | 163 | 16 | 1 |
Besides its headquarters, Deroy & Devereaux Private Investment Counsel has 2 offices (2 private residences, listed without an address), with 1 listed address in Michigan.
Michigan · 1 listed address
- 40705 Woodward Avenue, Suite 150, Bloomfield HillsHQ
Other business names
Deroy & Devereaux Private Investment Counsel has reported 1 other business name to the SEC.
- Deroy & Devereaux
Contact and registration details
- Legal name
- Deroy & Devereaux Private Investment Counsel, Inc.
- Headquarters
- 40705 Woodward Avenue, Suite 150, Bloomfield Hills, MI 48304
- Website
- deroydevereaux.com
- Phone
- 248-358-3220
- SEC file
- 801-61316
- Structure
- Michigan corporation
- Fiscal year end
- December
Deroy & Devereaux Private Investment Counsel uses Fidelity ($1.46B, 81%) and Charles Schwab ($350M, 19%) as custodians for its separately managed accounts. Deroy & Devereaux Private Investment Counsel has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $350M19%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $1.46B81%
At year end, Deroy & Devereaux Private Investment Counsel’s separately managed accounts were mostly in stocks (83%) and bonds (13%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.4M across 174 positions; the largest are Dell Technologies Inc. (2.8%), Micron Technology Inc. (2.8%) and Lam Research Corp. (2.3%).
What the accounts hold
- Stocks83%
- Bonds13%
- Investment grade corporate bonds8%
- U.S. government and agency bonds3%
- State and local bonds1%
- High-yield corporate bonds1%
- Cash4%
Reported 13F holdings
- $2.4M
- Reported 13F value
- 174
- Positions
- 23.1%
- In the 10 largest
- +14.9%
- Value vs. prior quarter
- Dell Technologies Inc. · CL C2.8%
- Micron Technology Inc.2.8%
- Lam Research Corp.2.3%
- Teradyne Inc.2.3%
- Jbt Marel Corp.2.3%
- Reliance Inc.2.3%
- JPMORGAN Chase & Co2.2%
- Amazon.com Inc.2.1%
- Blue Bird Corp.2.0%
- Morgan Stanley2.0%
Together, the ten largest are 23.1% of reported value.
How many clients does Deroy & Devereaux Private Investment Counsel have?
Deroy & Devereaux Private Investment Counsel has 158 clients and manages $2.58 billion for them, as of September 2026. They include 119 high-net-worth individuals, 14 charitable organizations and 14 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 September 2026
What services does Deroy & Devereaux Private Investment Counsel offer?
Deroy & Devereaux Private Investment Counsel provides portfolio management for individuals and small businesses and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Deroy & Devereaux Private Investment Counsel use?
Deroy & Devereaux Private Investment Counsel’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $1.46B and Charles Schwab & Co., Inc. (Westlake, TX), with $350M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 September 2026
How many financial advisors does Deroy & Devereaux Private Investment Counsel have?
Deroy & Devereaux Private Investment Counsel has 9 investment adviser representatives registered with state securities authorities, out of 19 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Deroy & Devereaux Private Investment Counsel invest in?
At the end of its last fiscal year, Deroy & Devereaux Private Investment Counsel’s separately managed accounts held 83% exchange-traded equities, 8% investment grade corporate bonds, 4% cash and equivalents, 3% U.S. government and agency bonds, 1% state and local bonds and 1% high-yield corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Deroy & Devereaux Private Investment Counsel?
Deroy & Devereaux Private Investment Counsel’s direct owners are Sarah Schattner, Karl L. Knas Living Trust, Jeffrey W. Wardlow Trust, Sean A. Metrose Trust and Mary Elizabeth B. Grabel Living Trust, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 24 September 2026
How does Deroy & Devereaux Private Investment Counsel get paid?
Deroy & Devereaux Private Investment Counsel is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Deroy & Devereaux Private Investment Counsel registered with the SEC?
Yes, Deroy & Devereaux Private Investment Counsel has been registered with the SEC as an investment adviser since 16 July 2002. Its CRD number is 121560 and its SEC file number is 801-61316.
Source: Form ADV Part 1A, Item 1, filed 24 September 2026; IAPD firm record
How do I contact Deroy & Devereaux Private Investment Counsel?
Deroy & Devereaux Private Investment Counsel’s main office is at 40705 Woodward Avenue, Suite 150, Bloomfield Hills, MI 48304. Its phone number is 248-358-3220. Its website is deroydevereaux.com.