The Milestone Group, Inc. (Denver)

Name: The Milestone Group, Inc.
Address: 370 17 Th Street, Denver, CO, 80202
Telephone: 303-539-0100

The Milestone Group, Inc. is a large advisory firm based in Denver. It manages $2.71 billion of regulatory assets for 2,669 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, Arkansas, California, and 13 other states.

The Milestone Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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 Milestone Group: assets under management

The assets under management (AUM) of The Milestone Group, Inc. is $2.71 billion. The firm's AUM has grown by 298% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.69 billion in discretionary accounts and $16.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.01 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.52 million.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 41% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Milestone Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Scott Bradley Grauer serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Scott Bradley Grauer is high net worth individuals with 848 clients and $1.96 billion of assets under management. Among the 7 most similar advisory firms, The Milestone Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.71 billion for 2,669 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.

The Milestone Group doesn't advise any private funds.

Careers at The Milestone Group, Inc.

The company employs 28 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Scott Bradley Grauer has been acting as President since 1 Aug 2012. Christopher Cline Freimuth joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eric Thomas Koeplin	Managing director	1 Feb 1996	Other	2240251
Robert Tully Adams	Managing director	1 Feb 1996	Other	4360216
Richard Edward Watson	Director of client relations	1 Aug 2001	Other	1078648
Theodore Andrew Harris	Senior director	1 Sep 2003	Other	4710388
Doug Scott Morris	Senior financial advisor	1 Nov 2003	Other	4627880
Andy Leroy Beasley	Senior financial advisor	1 Jun 2007	Other	2961298
Mark James Riley	Chief compliance officer and operations manager	1 Apr 2009	Other	1221961
Bok Financial Corporation	Direct beneficial owner	1 Aug 2012	75% - 100%	73-1373454
Gregory Ayres Wheeler	President & director	1 Aug 2012	Other	4357940
Scott Bradley Grauer	Chairman	1 Aug 2012	Other	1509326
Steven Glen Bradshaw	Director	1 Aug 2012	Other	1190941
Gregory Ayres Wheeler	Chief executive officer	1 Aug 2015	Other	4357940
Eric Thomas Koeplin	President and chief investment officer	1 Aug 2015	Other	2240251
Mindy Margaret Mahaney	Director	1 Aug 2015	Other	6403627
David Charles Sego	Managing director	1 Mar 2016	Other	4541939
Mark Stephen Marrone	Chief compliance officer	1 Mar 2018	Other	1987907
Christopher Cline Freimuth	Managing director	1 Jun 2019	Other	2195430
Eric Scott Holt	Managing director	1 Jun 2019	Other	4274535
Steven E. Nell	Chief financial officer	1 Jun 2019	Other	6333385
Kimberly A Bridges	Director of financial planning	1 Jun 2019	Other	5546574
Clint Scott Dishman	Manager, strategic investment advisors	1 Jun 2019	Other	3197465
Stephen Michael Wyett	Managing director, investments	1 Jun 2019	Other	2106985
Shelly Ann Cleveland	Tax officer, treasurer	1 Jun 2019	Other	7147130

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
George Bruce Kaiser	Indirect beneficial owner	1 Aug 2012	50% - 75%	2163602
Bok Financial Corporation	Owner	1 Oct 2018	75% - 100%	73-1373454

Based in Denver

The principal office where The Milestone Group, Inc. performs its advisory services is located at 370 17 Th Street, Denver, CO 80202, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-539-0100 or by fax 303-539-0101. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at themilestonegroup.com.