Courage Miller Partners, LLC (Norfolk)

Name: Courage Miller Partners, LLC
Address: World Trade Center, Norfolk, VA, 23510
Telephone: 757-390-3100

Courage Miller Partners, LLC is a large advisory firm based in Norfolk. It manages $242.22 million of regulatory assets for 791 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of North Carolina and Virginia.

Courage Miller Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and fiduciary reporting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Courage Miller Partners: assets under management

The assets under management (AUM) of Courage Miller Partners, LLC is $242.22 million. The firm's AUM has grown by 32% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $214.77 million in discretionary accounts and $27.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $422.77 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $97.01 thousand.

Courage Miller Partners has custody of $59.3 million in cash and securities for 57 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 73% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Courage Miller Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Courage Miller Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Courage Miller Partners is high net worth individuals with 70 clients and $183.8 million of assets under management. Among the 9 most similar advisory firms, Courage Miller Partners has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $228.2 million for 240 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.

Courage Miller Partners doesn't advise any private funds.

Careers at Courage Miller Partners, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ralph Mark Courage	Managing member, chief compliance officer	1 May 2008	75% - 100%	1022142
Jeffrey Samuel Miller	Member	1 Oct 2009	Other	5465165
Jeffrey Samuel Miller	Managing member	1 Dec 2013	Other	5465165

Based in Norfolk

The principal office where Courage Miller Partners, LLC performs its advisory services is located at World Trade Center, Norfolk, VA 23510, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 757-390-3100 or by fax 757-351-0600. The normal business hours are 9:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at couragemiller.com.