Milestones Private Investment Advisors LLC (Fairport)

Milestones Private Investment Advisors LLC is a large advisory firm based in Fairport. It manages $126.05 million of regulatory assets for 559 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Delaware, Florida, New York, and Texas.

Milestones Private Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Milestones Private Investment Advisors: assets under management

The assets under management (AUM) of Milestones Private Investment Advisors LLC is $126.05 million. The firm's AUM has grown by 9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $80.12 million in discretionary accounts and $45.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $283.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $166.42 thousand.

Milestones Private Investment Advisors has custody of $19.6 million in cash and securities for 31 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Milestones Private Investment Advisors 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 Milestones Private Investment Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Milestones Private Investment Advisors is high net worth individuals with 35 clients and $82.4 million of assets under management. Among the 8 most similar advisory firms, Milestones Private Investment Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $126.05 million for 186 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.

Milestones Private Investment Advisors doesn't advise any private funds.

Careers at Milestones Private Investment Advisors LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Heather Ann Proctor	Chief compliance officer and principal	1 Sep 2017	50% - 75%	2320887
Mark Thomas Buscher	Managing principal	1 Sep 2017	50% - 75%	4774058

Based in Fairport

The principal office where Milestones Private Investment Advisors LLC performs its advisory services is located at 375 Woodcliff Drive, Fairport, NY 14450, 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 585-203-1956. The normal business hours are 8:30 am to 4 pm on Monday - Friday.