Milestone Investment Advisors, LLC (Middleton)

Milestone Investment Advisors, LLC is a large advisory firm based in Middleton. It manages $662.49 million of regulatory assets for 1,190 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Florida, Minnesota, and 3 other states.

Milestone Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Milestone Investment Advisors: assets under management

The assets under management (AUM) of Milestone Investment Advisors, LLC is $662.49 million. The firm's AUM has grown by 410% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $487.28 million in discretionary accounts and $175.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $447.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.75 million.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is government bonds, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Milestone Investment Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Milestone Investment Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Milestone Investment Advisors is high net worth individuals with 68 clients and $452.79 million of assets under management. Among the 9 most similar advisory firms, Milestone Investment Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $662.49 million for 362 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Milestone Investment Advisors doesn't advise any private funds.

Careers at Milestone Investment Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Garland Armstrong	Member	1 Jul 2013	25% - 50%	7368
Daniel Peter Kauper	Member/chief compliance officer	1 Jul 2013	25% - 50%	1439147
Angel Chow Mcclarey	Member	1 Oct 2013	25% - 50%	2488991
Daniel Peter Kauper	Member/cheif information security officer	1 Mar 2017	25% - 50%	1439147
Angel Chow Mcclarey	Member/chief compliance officer	1 Mar 2017	25% - 50%	2488991

Based in Middleton

The principal office where Milestone Investment Advisors, LLC performs its advisory services is located at 6702 Stonefield Road, Middleton, WI 53562, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 608-826-5730 or by fax 608-826-5731. The normal business hours are by appt only on Monday - Friday.