Albitz/Miloe And Associates, Inc. (Torrance)

Name: Albitz/Miloe And Associates, Inc.
Address: 23133 Hawthorne Blvd., Ste 305, Torrance, CA, 90505
Telephone: 310-373-8861

Albitz/Miloe And Associates, Inc. is a large advisory firm based in Torrance. It manages $322.56 million of regulatory assets for 830 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, California, Florida, and 5 other states.

Albitz/Miloe And Associates provides portfolio management for individuals and small businesses and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Albitz/Miloe And Associates: assets under management

The assets under management (AUM) of Albitz/Miloe And Associates, Inc. is $322.56 million. The firm's AUM has grown by 510% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $320.97 million in discretionary accounts and $1.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $389.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $266.32 thousand.

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 exchange traded securities, which make up 20% of the firm’s portfolio. Investments in government bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Albitz/Miloe And Associates, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Albitz/Miloe And Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Albitz/Miloe And Associates is high net worth individuals with 97 clients and $202.01 million of assets under management. Among the 11 most similar advisory firms, Albitz/Miloe And Associates has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $322.24 million for 444 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.

Albitz/Miloe And Associates doesn't advise any private funds.

Careers at Albitz/Miloe And Associates, Inc.

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Philip Joseph Albitz	President; chief compliance officer	1 Jan 2005	50% - 75%	1036689
Chris Miloe	Chief financial officer	1 Jan 2005	50% - 75%	336130
Chris Miloe	Vice president	1 Jan 2006	50% - 75%	336130
Chris Miloe	Ceo	1 Jan 2015	50% - 75%	336130
Clete Philip Albitz	Co-vice president	1 Jan 2015	Other	4835392
Paul Kurtis Miloe	Co-vice president	1 Jan 2015	Other	2856888

Based in Torrance

The principal office where Albitz/Miloe And Associates, Inc. performs its advisory services is located at 23133 Hawthorne Blvd., Ste 305, Torrance, CA 90505, 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 310-373-8861 or by fax 310-791-2068. The normal business hours are 7:30 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at albitzmiloe.com.