State BrokerCheck inventory · July 2026

Michigan broker-dealer grades

According to FINRA BrokerCheck as of July 2026, Michigan ranks #17 of 56 by registered-firm inventory (39) and #20 of 56 by aggregate disclosure load (108), then #18 of 33 on disclosures-per-firm and #22 of 33 on Grade-A share among states with at least 10 firms. Inventory rank is not intensity rank: Missouri leads disclosures-per-firm on that 33-state board.

Compiled by PlainAdvisorCheck

#17
of 56 by firm inventory: 39
registered firms: 108
disclosures on file: 2.8
avg disclosures / firm

Michigan at a glance

#17 of 56
registered-firm inventory: #20 of 56
aggregate disclosure load: #18 of 33
disclosures per firm (≥10 firms): #22 of 33
Grade-A share (≥10 firms)

Disclosure-load ordinal matches the /states listing. Missouri leads disclosures-per-firm; Maine leads Grade-A share among states with at least 10 firms. Neither rank is investment advice. See methodology · corpus placement.

Where Michigan sits by disclosures per firm

COUNT-derived placement among 33 states and territories with at least 10 graded firms. Lower intensity is cleaner for residents; large multistate HQs can lift a state's average without describing every local office.

Michigan vs every ≥10-firm state by disclosures per firm

Size-normalized disclosure intensity · FINRA BrokerCheck extract

3 a lower disclosures-per-firm load than 45% of 33 floor-qualified states

Each bar is a band; taller bars hold more floor-qualified states. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source FINRA BrokerCheck · SEC IAPD · July 2026

Firm-size mix among 39 graded firms

FINRA BrokerCheck size classes in Michigan. Segments sum to the graded inventory, a catalog shape, not the A-F grade ChartBar below.

Medium 3 firms (8%) Small 36 firms (92%)

Registered Firms

Clean Record (Grade A)

108

Total Disclosures

2.8

Avg Disclosures / Firm

Grade Distribution

How Michigan's 39 graded broker-dealers split across the size-normalized A-F safety scale.

Grade breakdown of 39 graded firms headquartered in Michigan

Firms by Disclosure Count

#	Firm	Disclosures	Offices	Grade
1	SRT Securities LLCBirmingham	26	6	C
2	Comerica SecuritiesAuburn Hills	16	8	B
3	Parkland Securities, LLCAnn Arbor	12	217	B
4	Corecap Investments, LLCSouthfield	9	43	B
5	J.W. Korth & CompanyLansing	7	5	B
6	Hantz Financial Services, Inc.Southfield	6	44	B
7	Regulus Financial Group, LLCKentwood	5	71	B
8	JAG Trading L.L.C.West Bloomfield	4	2	B
9	Multi-Bank Securities, Inc.Southfield	4	13	B
10	USA Financial Securities LLCAda	4	138	B
11	GLP Investment Services, LLCFarmington	3	13	B
12	Centennial Securities Company, Inc.Grand Rapids	2	9	B
13	Donnelly Penman & PartnersGrosse Pointe Woods	2	3	B
14	Jack V. Butterfield Investment CompanyJackson	2	3	B
15	Northbridge Financial ServicesAnn Arbor	2	2	B
16	THE Enterprise Securities CompanyFarmington Hills	2	2	B
17	Gregory J. Schwartz & Co., Inc.Bloomfield Hills	1	4	B
18	Paradigm Equities, Inc.East Lansing	1	3	B
19	1031 Securities Inc.Franklin	0	5	A
20	American Alternative Capital, LLCAnn Arbor	0	4	A
21	Ansley Securities LLCBloomfield Hills	0	2	A
22	Aurora SecuritiesTroy	0	29	A
23	Burnham & Flower Financial, Inc.Kalamazoo	0	2	A
24	Cascade Partners BD, LLCSouthfield	0	3	A
25	CIG SecuritiesSouthfield	0	2	A
26	ELE Wealth Solutions, Inc.Southfield	0	10	A
27	GCG Securities, LLCBirmingham	0	4	A
28	Hsip Securities, LLCTraverse City	0	1	A
29	Koehler Financial, LLCStevensville	0	2	A
30	Krambo CorportionAnn Arbor	0	2	A
31	MBX Clearing LLCFarmington Hills	0	1	A
32	ONE Amherst Partners, LLCBirmingham	0	2	A
33	RAM Financial LLCDetroit	0	1	A
34	Redtail Capital Markets, LLCWest Bloomfield	0	3	A
35	Rehmann Financial Network, LLCLansing	0	15	A
36	Stout Capital, LLCRoyal Oak	0	5	A
37	UHY Capital Group, LLCFarmington Hills	0	2	A
38	Woodward Park Securities, LLCBloomfield Hills	0	2	A
39	WWF Securities, LLCDetroit	0	2	A

Dense registered-firm inventory

Michigan in the denser-inventory third

Michigan ranks #17 of 56 by BrokerCheck firm count (39 firms) - denser third of the board.

Michigan sits in the denser third by registered-firm inventory (#17 of 56, 39 firms) as of July 2026. Graded inventory: 21 A / 17 B / 1 C / 0 D / 0 F (53.8% clean, 0.0% D or F). Largest disclosure count in-state: SRT Securities LLC (26 events, Grade C).

Grades are editorial signals from a size-normalized model, not FINRA ratings. Disclosure totals are reported events, not proven violations - large multistate HQs in Michigan can lift statewide totals without describing every local office. This page is informational only and does not constitute financial, legal, or investment advice. Confirm current records at FINRA BrokerCheck.

Frequently asked questions

Where does Michigan sit among states by BrokerCheck disclosure load?

How many broker-dealer firms are registered in Michigan?

Michigan registers 39 BrokerCheck firms (#17 denser-third inventory). 21 (53.8%) hold a clean Grade-A record.

Which Michigan broker-dealer has the most FINRA disclosures?

SRT Securities LLC leads Michigan's listing with 26 BrokerCheck disclosures across 6 offices (Grade C). Totals are reported events, not proven violations - verify on FINRA BrokerCheck.

How should I read Michigan's safety grades?

Grades for Michigan firms are size-normalized: weighted disclosure load ÷ branch footprint, ranked within size class. Zero-disclosure firms earn A. Editorial signals, not FINRA ratings - see methodology.

Is this official Michigan broker data?

Yes. Michigan's firm rows come from FINRA BrokerCheck and SEC IAPD public registries. PlainAdvisorCheck aggregates and size-normalizes them; underlying records are public domain. This is not financial advice.

All Michigan Firms → All States →

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from official FINRA BrokerCheck and SEC EDGAR enforcement records for Michigan. Michigan ranks #17 by firm inventory and #20 by disclosure load in the PlainAdvisorCheck extract as of July 2026.

Compiled by PlainAdvisorCheck, Independent data publisher