MILLIMAN FINANCIAL RISK MANAGEMENT LLC

RIASEC RegisteredEst. 2012

Total AUM

$40.3B

Discretionary

$40.3B

100% of AUM

Avg account

$164M

Accounts

246

Employees

177

Advisory reps

Firm details

Headquarters: CHICAGO, Illinois
CRD number: 159377
Registered since: January 24, 2012
Website: frm.milliman.com
Custodians: J.P. MORGAN SECURITIES INC., U.S. BANK, N.A., CITI PRIVATE BANK, WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC, THE BANK OF NEW YORK MELLON, THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION, BANK OF AMERICA
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: Investment Companies64.19%
Insurance Companies32.68%
Pooled Investment Vehicles3.13%
Services: Portfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

Milliman Financial Risk Management LLC operates as an institutional-focused risk and portfolio manager with a clear bent toward derivative-driven strategies and short-duration fixed-income exposure. The firm acts in roles consistent with a commodity pool operator/commodity trading advisor and provides portfolio management services for investment companies, pooled vehicles and institutional balance sheets. Its business model emphasizes risk overlay and liability-sensitive positioning rather than broad retail wealth management. Investment activity centers on managing interest-rate and liquidity risk using derivatives and cash-equivalent ETFs. That mix suggests the firm is frequently implementing hedges, duration management and short-term cash management across client mandates. The adviser is not an active ESG investor and is structured to serve institutional counterparties rather than retail households.