Miracle Mile Advisors, LLC is a large advisory firm based in Los Angeles. It manages $1.4 billion of regulatory assets for 1,391 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Hawaii, Nevada, and 3 other states.
Miracle Mile Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Miracle Mile Advisors, LLC is $1.4 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1004% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Miracle Mile Advisors, LLC for their services and products based on a percentage of assets under management 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.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Miracle Mile Advisors is high net worth individuals with 254 clients and $1.28 billion of assets under management. Among the 10 most similar advisory firms, Miracle Mile Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.4 billion for 491 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.
Miracle Mile Advisors doesn't advise any private funds.
The company employs 29 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 22 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 receive compensation from other entities for client referrals.
The principal office where Miracle Mile Advisors, LLC performs its advisory services is located at 11300 West Olympic Blvd, Los Angeles, CA 90064, which is also the mailing address of the firm. An additional office of the firm is in Santa Monica, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (310) 246-1243 or by fax (310) 246-1529. 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 miraclemileadvisors.com.