Miles Capital, Inc. is a large advisory firm based in West Des Moines. It manages $1.79 billion of regulatory assets for 77 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Illinois, Iowa, Nebraska, and Oklahoma.
Miles Capital provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and charitable foundations and endowments. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Miles Capital, Inc. is $1.79 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -61% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Miles Capital, Inc. for their services and products based on a percentage of assets under management. 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.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of David Wayne Miles is pooled investment vehicles with 3 clients and $742 million of assets under management. Among the 13 most similar advisory firms, Miles Capital has the 5th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.79 billion for 77 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.
Miles Capital doesn't advise any private funds.
The company employs 19 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
David Wayne Miles has been acting as President since 1 Jul 2014. Gregory D. Boal joined the executive team most recently as the Chief Executive Officer And Chief Investment Officer.
The principal office where Miles Capital, Inc. performs its advisory services is located at 1415 28 Th Street, West Des Moines, IA 50266 1461, 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 [515] 244-5426 or by fax 866-331-8863. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at miles-capital.com.