Millennium Capital Advisors, LLC
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Overview
Millennium Capital Advisors, LLC is a financial advisor company headquartered in Little Rock, Arkansas. The firm has $158.8 million in total assets over 400 accounts, making it a mid-tier financial advisory firm in the United States by assets under management (AUM). The company has a small team, including 2 financial advisors. Millennium Capital Advisors, LLC does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as bonds, options and stocks.
Millennium Capital Advisors, LLC oversees most of its client assets in a discretionary manner. Discretionary management signifies that transaction choices are made by a portfolio manager without needing the customer's authorization. The company also has 20 non-discretionary accounts totaling $17.8 million in AUM. The investment advisory firm supervises about $396,905 for every client account. The typical advisor at Millennium Capital Advisors, LLC administers about 200 client accounts.
The firm's main office is at 1501 N. University Ave, Little Rock, Arkansas 72207. Millennium Capital Advisors, LLC is legally allowed to provide services to clients throughout 3 states, including Arkansas, Texas and Florida.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Millennium Capital Advisors, LLC by the Numbers
$158.8 million
3
400
$396.9 thousand
Fee Structure
Fees charged by financial advisors usually vary depending on which service is provided. However, fees charged by the company likely consist of some blend of the following fee types: asset-based or hourly. Millennium Capital Advisors, LLC does not supply a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Millennium Capital Advisors, LLC manages money for a broad range of customers. It works with retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 400 clients, Millennium Capital Advisors, LLC's biggest client by number of accounts is retail investors, though it also serves 79 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts reside abroad.
- High-Net-Worth Individuals* - 19.75%
- Other Individuals - 77.25%
- Corporations - 2%
- Charitable Organizations - 1%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Millennium Capital Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Millennium Capital Advisors, LLC
Little Rock, AR
Little Rock, AR
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