Dewey Steffen
Dewey Steffen is a registered investment advisor at Great Lakes Wealth, LLC, based in Northville, MI, with 30 years of industry experience. Dewey is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 6 more. Their firm serves 248 clients with $170M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.90% |
| $250K - $500K | 1.75% |
| $500K - $1.0M | 1.25% |
| $1.0M - $2.5M | 0.95% |
| $2.5M - $5.0M | 0.85% |
| $5.0M - $10.0M | 0.70% |
| $10.0M - $15.0M | 0.55% |
| $15M+ | 0.55% |
Rates vary by investment strategy (Conservative, Balanced, Growth). The schedule reflects the highest growth strategy rates per tier. Fees are negotiable for accounts over $15,000,000.
Fee Estimator
Location
22260 Haggerty Road, Suite 160, Northville, MI, 48167
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Dewey is a trustee at William Beaumont Hospital, a landlord for a house in Royal Oak, and the CEO of Great Lakes Wealth, dedicating full-time hours to the wealth management firm. Dewey also works as an insurance agent, spending about 10-20% of his time on insurance and annuity needs.
Employment History
Current Registrations
Great Lakes Wealth, LLC
Purshe Kaplan Sterling InvestmentsBroker
Previous Registrations
UBS Financial Services INC.
UBS Financial Services INC.Broker
Citigroup Global Markets INC.Broker
Comerica SecuritiesBroker
Olde Discount CorporationBroker
State Registrations8 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.
Exams
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