Through thick and thin, there has always been a Schwartz leading the Gregory J. Schwartz Investment Advisors.
The Southfield-based business has been in the family since the firm's namesake started it 35 years ago. Today Gregory Schwartz's five sons own and operate the firm, which has been on the uptick despite the recent downturn in the financial sector.
"The likelihood of a Schwartz leaving is pretty low," says Peter Schwartz, managing partner of
Gregory J. Schwartz Investment Advisors. "That's a good thing as long as we're doing a good job."
Today Gregory J. Schwartz Investment Advisors has 40 employees and a couple of summer interns. It has hired about four people over the last few years and expects to keep adding to its staff in the near term.
The firm has been able to maintain this growth despite the volatility of the financial markets, mainly through word of mouth and a few new services. It now advises people how best to manage 401Ks and pension plans. New services like these have allowed the firm to expand its assets under management by 15-20 percent.
"We've been able to experience some growth in the downturn and the recovery," Schwartz says. "We've been able to maintain our existing clients and add new ones."
Source: Peter Schwartz, managing partner of Gregory J. Schwartz Investment Advisors
Writer: Jon Zemke
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