Telemus Capital adds 4 positions, $100M in new clients

Telemus Capital isn't trying to make its clients rich. It's trying to keep them wealthy. That’s part of the reason why the Southfield-based financial management firm has been growing so much in the past year. The 9-year-old firm has watched its revenue increase by 20 percent over the last year. That’s due in part to strong performances from stock markets. It also is due to an infusion of new customers. "Our new clients that have come to us have exceeded our expectations," says Lyle Wolberg, partner & senior adviser at Telemus Capital. "We have brought in $100 million in new clients to the firm in the last year." Telemus Capital acquired Concentratic Capital in Los Angeles earlier this year. The new acquisition will serve as Telemus Capital’s new LA office. Telemus Capital has also hired four new people, including a new partner and a few research analysts. "We have done quite a bit of hiring," Wolberg says. Source: Lyle Wolberg, partner & senior adviser at Telemus Capital Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.