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 based in Conshohocken, Pennsylvania. The company oversees $5.6 billion in total assets throughout 337 accounts, placing it among the biggest investment advisory firms in the country by assets under management (AUM). It 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 is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are exchangable financial investments like equities, options and bonds.

Mill Creek Capital Advisors, LLC administers most of its accounts on a discretionary basis. Discretionary management signifies that transaction choices are made by a portfolio manager without needing the client's consent. Mill Creek Capital Advisors, LLC also manages 10 non-discretionary accounts totaling $539.7 million in assets under management. The company's typical account size is $16.7 million. The average financial advisor at Mill Creek Capital Advisors, LLC administers around 16 client accounts, placing it among the more personalized advisor firms in the country.

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

Assets Under Management

$5.6 billion

Number of Advisors

21

Fee Structure

Asset-based, Fixed

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: 4,943
Total Number of Accounts

337

National Average: 2,522
Average Account Size

$16.7 million

National Average: $1.3 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 last financial year, the firm provided financial planning services to 26-50 of its customers. It is not involved in selling products or offering services aside from investment advice to its investment advisory customers.

Core Advisor Services

  • Offered by 45% 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 63% 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 are based on which service is provided. Fees billed by the company likely include any combination of the following fee structures: asset-based or fixed. The firm does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

Available

  • Offered by 75% 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 40% 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 37% 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 3% 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 17% 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 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

Mill Creek Capital Advisors, LLC manages money for a broad range of investors. It caters to high net worth investors, pooled investment vehicles, pension plans, charitable organizations and corporations. Out of its 337 clients, Mill Creek Capital Advisors, LLC's largest client type by number of accounts is high net worth investors, although it also manages money for 256 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual 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). None of its clients are non-U.S. persons.

  • 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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This content was compiled from the SEC and FINRA