Millennium Management LLC
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Learn more about Millennium Management LLC
Overview
Millennium Management LLC is a financial advisor company that has its headquarters in New York, New York. It handles $390.6 billion in total assets over 14 customer accounts, making it one of the largest firms in the United States by assets under management (AUM). The firm has a very large team, including 2,400 financial advisors. Millennium Management LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets such as stocks, options and bonds.
Millennium Management LLC oversees all of the company's client assets in a discretionary manner. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell decisions without needing the customer's authorization. The advisory firm oversees about $27.9 billion in assets for every customer account. An average financial advisor at Millennium Management LLC oversees fewer than one client account, making it one of the most personalized financial advisor firms in the country.
Millennium Management LLC's headquarters is at 399 Park Avenue, New York, New York 10022. The company is legally allowed to serve clients throughout 25 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Millennium Management LLC by the Numbers
$390.6 billion
4,810
14
$27.9 billion
Fee Structure
Financial advisory fees usually are based on which service is provided. Fee types charged by Millennium Management LLC can include the following fee structures: asset-based, performance-based or other. Millennium Management LLC does not provide a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 10% of firms
Other
Unavailable
Types of Clients
The firm provides services to pooled investment vehicles. Out of its 14 accounts, Millennium Management LLC's largest client by number of accounts is pooled investment vehicles. About 57% of its clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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
Millennium Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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