NEW MILLENNIUM GROUP

RIASEC RegisteredEst. 2021
Total AUM
$257M
Discretionary
$244M
95% of AUM
Avg account
$125K
Accounts
2,064
Employees
18
Advisory reps
13

Firm details

Headquarters
SANDY, Utah
CRD number
299249
Registered since
March 15, 2021
Custodians
FIDELITY DISTRIBUTORS COMPANY LLC
Fee structure
Percentage of AUM, Hourly Charges, Fixed Fees
Client types
  • Individuals62.85%
  • HNWI33.51%
  • Pension & Profit Sharing Plans2.42%
  • Corporations / Businesses1.22%
Services
Financial PlanningPortfolio Management for IndividualsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

New Millennium Group is an independent, SEC-registered investment adviser organized as an LLC and registered in 2021. The firm acts as a capital allocator for both individual & family and institutional clients, combining portfolio management and financial planning with ancillary services such as pension consulting and the selection of other advisers. It also operates as an insurance broker, which aligns with its use of annuity products. Fee arrangements include percentage-of-AUM billing as well as hourly and fixed-fee engagements. New Millennium Group does not position itself as an active ESG investor.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

FINTRX

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 72%, Public Funds/Mutual Funds 21%, Cash & Cash Equivalents 6%, Investment Grade Corp Bonds 1%72%
  • Exchange Traded Equities72%
  • Public Funds/Mutual Funds21%
  • Cash & Cash Equivalents6%
  • Investment Grade Corp Bonds1%

Contacts

3 of 13
  • LIAM ELLIOTT

    Investment Advisor RepresentativeCRD 7316232

  • Huayi Wang

    AnalystCRD 8043781

  • ARMAND OVERSTREET

    Investment Advisor RepresentativeCRD 7286762

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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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ETF holdings

1 of 199

Active vs passive

$51M in ETFs

Passive

77%

$39.2M

Active

22%

$11.8M

ETFProviderStyleCategoryValueShares% of portfolio
VANGUARD RUSSELL 1000 GROWTH INDEX FUND (VONG)VanguardPassiveLarge Growth$7.6M62,34014.89%

Location

Primary office

SANDY, UT

SALT LAKE

Location

SANDY, UT

Headquartered in SANDY, UT, anchoring the Salt Lake City-Provo-Orem, UT metro in the West.

Metro area
Salt Lake City-Provo-Orem, UT
Region
West
County
SALT LAKE
Address
10050 S State St
Time zone
MT (UTC-7)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth