Exchange Capital Management Inc

Exchange Capital Management, Inc. is an independent investment advisory firm based in Ann Arbor, Michigan, established in 1989. The firm offers investment advisory and supervisory services for private clients, financial institutions, corporate clients, and foundations. Their investment philosophy emphasizes fundamental security and credit analysis, constructing diversified investment portfolios using individual stock and bond positions. Exchange Capital Management may also invest client assets in mutual funds or ETFs when necessary. The firm requires a minimum account size of $500,000, with management fees based on a tiered market value of assets under management. Exchange Capital Management exercises investment discretion for clients who grant a limited power of attorney, making decisions on the nature and type of securities to be bought and sold. The firm does not charge performance-based fees and acts as a fiduciary, prioritizing clients' best interests. Clients receive quarterly reports detailing account activity and performance analysis. Exchange Capital Management does not take discretion with respect to voting proxies on behalf of clients. The firm has engaged a third-party service provider for monitoring and filing securities claims class action litigation paperwork. Exchange Capital Management participated in the Paycheck Protection Plan loan program in response to the COVID-19 pandemic to ensure business continuity.