Mill Creek Capital Advisors, LLC

CRD#141470
Investment Advisor Firm

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Overview

Mill Creek Capital Advisors, LLC operates as an advisory company that has its headquarters in Conshohocken, Pennsylvania. Mill Creek Capital Advisors, LLC has $5.6 billion in total assets over 337 client accounts, making it one of the biggest investment advisory firms in the United States by assets under management (AUM). The company has a small group of 29 employees, including 21 financial advisors. Mill Creek 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 clients and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like bonds, options and equities.

Mill Creek Capital Advisors, LLC manages 327 of its accounts in a discretionary manner. Discretionary management signifies that transaction judgments for the client's account are made by a portfolio manager without needing to seek client permission. Mill Creek Capital Advisors, LLC also manages 10 non-discretionary accounts with a total of $539.7 million in assets. The company's typical account size is $16.7 million. The average financial advisor at Mill Creek Capital Advisors, LLC administers about 16 client accounts, making it one of the more personalized advisor firms in the country.

The company's main office is at 161 Washington Street, Conshohocken, Pennsylvania 19428. The firm is legally permitted to provide services to investors across 11 U.S. states and territories.

Assets Under Management

$5.6 billion

Number of Advisors

21

Disclosures

No

Office Location

161 Washington Street
Conshohocken, PA 19428

Mill Creek Capital Advisors, LLC by the Numbers

Total Assets Under Management

$5.6 billion

National Average: $3.3 billion
Total Number of Employees

29

National Average: 31
Total Number of Accounts

337

National Average: 1,935
Average Account Size

$16.7 million

National Average: $1.7 million

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Products and Services

Mill Creek Capital Advisors, LLC offers a variety of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. In the prior financial year, the firm provided financial planning services to 26-50 of its customers. It is not engaged in selling products or offering services apart from investment advice to its investment advisory customers.

Core Advisor Services

  • Offered by 44% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 61% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial management fees depend on which services are offered. However, fee types billed by Mill Creek Capital Advisors, LLC likely include the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 72% 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.

  • Offered by 39% of firms

    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.

Unavailable

  • Find one of the 35% 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 2% 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.

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    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 1% 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 12% 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 firm works with a number of different clients. Mill Creek Capital Advisors, LLC caters to high net worth investors, pooled investment vehicles, pension plans, charitable organizations and corporations. Out of its 337 customers, Mill Creek Capital Advisors, LLC's largest client type by number of accounts is high net worth investors, although it also caters to 256 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 78.29%
  • Other Individuals - 0%
  • Corporations - 6.73%
  • Charitable Organizations - 14.98%

* 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

Mill Creek Capital Advisors, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Mill Creek Capital Advisors, LLC

Kevin Keating
Conshohocken, PA
Kerry Weinstein
Conshohocken, PA
Ann Penrose
Conshohocken, PA
Adam Heller
Conshohocken, PA
Sean Agnew
Conshohocken, PA
Katie Poole
Conshohocken, PA
Walter Harris
Gates Mills, OH
Ryan Campbell
Conshohocken, PA
Michael Jordan
Conshohocken, PA

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This content was compiled from the SEC and FINRA