Telemus Capital Partners L.L.C., a startup financial-management holding company in Southfield , received approval from the National Association of Securities Dealers to trade stocks and bonds. Randy Paschke, the chairman of the Wayne State department of accounting in the School of Business , was quoted on the new company's quick start. He said the fact that they already have $1.2 billion under management tells him, "…many of their clients moved with them."