MILLENNIAL ADVISERS, LLC.

RIASEC RegisteredEst. 2020
Total AUM
$339M
Discretionary
$339M
100% of AUM
Avg account
$756K
Accounts
449
Employees
14
Advisory reps
13

Firm details

Headquarters
New York, New York
CRD number
170847
Registered since
May 1, 2020
Custodians
CHARLES SCHWAB & CO., INC., INTERACTIVE BROKERS LLC, STONEX FINANCIAL INC.
Fee structure
Percentage of AUM
Client types
  • Pooled Investment Vehicles74.04%
  • Individuals15.76%
  • HNWI10.2%
Services
Portfolio Management for IndividualsPortfolio Management for Pooled Investment Vehicles

Firm profile

FINTRX

Overview

Millennial Advisers, LLC is a fee-based registered advisory firm that combines separate account management with an active private fund business. The firm runs discretionary portfolios for individuals, small businesses and pooled vehicles, and acts as sponsor/GP and managing member on its own pooled investment products. Its public-facing strategy emphasizes exchange-traded equities within separately managed accounts, while its private side centers on private equity funds. Millennial Advisers charges a percentage-of-AUM fee and primarily serves individual & family and institutional clients. The firm does not position itself as an ESG-focused investor.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

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Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

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CRM & tech providers

TAMPs used

Clients

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Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 61%, Public Funds/Mutual Funds 15%, Cash & Cash Equivalents 13%, US Government Bonds 4%, State & Local Bonds 4%, Derivatives 2%, Investment Grade Corp Bonds 1%61%
  • Exchange Traded Equities61%
  • Public Funds/Mutual Funds15%
  • Cash & Cash Equivalents13%
  • US Government Bonds4%
  • State & Local Bonds4%

Owners & executives

1 of 1
  • JOHN PARMIGIANI

    CEOCRD 2800410

Contacts

3 of 12
  • SCOTT JOHNSON

    Risk OfficerCRD 5817734

  • SPIROS STEFANATOS

    Registered RepresentativeCRD 5937953

  • LUIGI VULTAGGIO

    Financial AdvisorCRD 4761381

Unlock 9 more contacts

Wealth teams

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Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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Location

Primary office

New York, NY

NEW YORK

Location

New York, NY

Headquartered in New York, NY, anchoring the New York-Newark, NY-NJ-CT-PA metro in the Northeast.

Metro area
New York-Newark, NY-NJ-CT-PA
Region
Northeast
County
NEW YORK
Address
3 World Financial Ctr
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth