Andrew Stewart
Partner | Chief Investment Officer at Exchange Capital Management, Inc.
About
Andrew Stewart, CFA, CAIA, is a Partner and the Chief Investment Officer at Exchange Capital Management, Inc., based in Ann Arbor, Michigan. In this role, he leads the firm's investment team, oversees portfolio management and trading, and chairs the Investment Committee. His responsibilities include developing investment models, conducting due diligence on external managers, and ensuring consistent execution of investment strategies for high-net-worth individuals and families, primarily in southeastern Michigan.
With over a decade of investment experience, Stewart joined Exchange Capital Management in 2017 as Senior Portfolio Manager and became Chief Investment Officer in 2020. His expertise covers multiple asset classes, including equities, fixed income, municipal bonds, and alternatives, with a focus on portfolio construction, risk management, and thematic investing. Stewart has also contributed to industry discussions on sector reclassification, diversification, and the evolving landscape of fixed income and ETFs.
Stewart holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations, a Master of Science in Finance from Boston College, and a Bachelor of Science in Engineering from Case Western Reserve University. His career began in the technology sector before moving into finance, with experience in mutual funds, hedge fund due diligence, and investment management.
Career History
| Organization | Role | Date Range | Details | 
|---|---|---|---|
| Exchange Capital Management, Inc. | Partner | Chief Investment Officer | Jan 2020 to Present | — | 
| John Hancock Investments | Strategic Planning Analyst | Jan 2013 to Jan 2014 | — | 
| Codman Academy Charter Public School | Director of Special Projects | Jan 2008 to Jan 2008 | — | 
| Exchange Capital Management, Inc. | Senior Portfolio Manager | Jan 2017 to Jan 2020 | — | 
| Nantucket Multi Managers, LLC | Managing Director | Jan 2014 to Jan 2016 | — | 
| John Hancock Investments | Senior Mutual Fund Product Analyst | Jan 2011 to Jan 2013 | — | 
| Tutors for All | Director of Finance and Operations | Jan 2010 to Jan 2011 | — | 
| Stewart Technology Services | Owner | Jan 2008 to Jan 2011 | — | 
| Harvard University | Teaching Assistant | Jan 2009 to Jan 2010 | — | 
| Boston College | Graduate Admissions Fellow | Jan 2008 to Jan 2009 | — | 
Education
G2 Leadership Institute (The Ensemble Practice)
Class of 2019
2018 — 2019
Boston College Carroll School of Management
MS
2008 — 2009
Case Western Reserve University
BSE
1999 — 2004
Berkley High School
Others at Exchange Capital Management, Inc. (3)
| Name | Role | Location | 
|---|---|---|
| Partner | Ann Arbor, MI , United States | |
| Founding Partner and Financial Advisor | Ann Arbor, MI , United States | |
| MMike Reid | Partner | Detroit, MI , United States |