Milestone Wealth, LLC

CRD#166717
Investment Advisor Firm

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Learn more about Milestone Wealth, LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Milestone Wealth, LLC is located at 50 Fountain Plaza 13th Floor, Buffalo, NY. The firm employs 1 financial advisor to manage client portfolios and provide financial guidance. Milestone Wealth, LLC is not a registered broker-dealer.

    Milestone Wealth, LLC oversees $102.9 million in assets under management across 162 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses. The firm caters to retail investors and high net worth investors, with retail investors being the largest client type by accounts. The fee structure at Milestone Wealth, LLC is asset-based. The firm has 27 high net worth clients.

    Milestone Wealth, LLC is registered in the states of Massachusetts, New Hampshire, New Jersey, New York, and Pennsylvania.

    Assets Under Management

    $102.9 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    50 Fountain Plaza 13Th Floor
    Buffalo, NY 14202

    Milestone Wealth, LLC by the Numbers

    Total Assets Under Management

    $102.9 million

    National Average: $8.6 billion
    Total Number of Employees

    1

    National Average: 64
    Total Number of Accounts

    162

    National Average: 375,227
    Average Account Size

    $635.0 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advice usually depend on the financial services offered. Fees billed by Milestone Wealth, LLC typically consist of the following fee type: asset-based.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company works with retail investors and high net worth investors. Out of its 2 clients, Milestone Wealth, LLC's largest client group by number of accounts is high net worth investors, although it also manages money for 27 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of at least $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 16.67%
    • Other Individuals - 83.33%
    • Corporations - 0%
    • Charitable Organizations - 0%

    * 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

    Milestone Wealth, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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