Millennial Advisers, LLC.
Registered investment adviser · New York, NY · CRD #170847
Form ADV data as of 2026-09-01Regulatory assets
$339.4 million
Total accounts
449
Employees
14
Disclosure events
6
Firm details
- Website: https://www.linkedin.com/company/millennial-advisers-llc
- Telephone: 646-532-2400
- SEC file number: 801-118627
- Most recent Form ADV filing: 2026-07-20
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 4 disclosure questions answered Yes, covering 6 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
- Another regulator entered an order in connection with investment-related activity (past 10 years)
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $339.4 million |
| Non-discretionary regulatory assets under management | $0 |
| Total regulatory assets under management | $339.4 million |
| Discretionary accounts | 449 |
| Non-discretionary accounts | 0 |
| Total accounts | 449 |
| Regulatory assets under management attributable to non-U.S. persons | $2,015 |
People
| Total employees (excluding clerical) | 14 |
| Employees performing investment advisory functions (including research) | 12 |
| Employees who are registered representatives of a broker-dealer | 12 |
| Employees registered as investment adviser representatives with a state | 12 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 3 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
Custody
| Has custody of client cash or bank accounts | No |
| Has custody of client securities | No |
| A related person has custody of client cash or bank accounts | Yes |
| A related person has custody of client securities | Yes |
| Client funds and securities held in a related person's custody | $251.3 million |
| Clients for whom a related person has custody | 20 |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 3 |
How the firm is compensated
Advisory services offered
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys or sells for itself securities it also recommends to clients
- Recommends brokers or dealers to clients
- Brokers or dealers recommended under 8.E. are related persons
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 325 | $53.5 million |
| High net worth individuals | 18 | $34.6 million |
| Pooled investment vehicles (other than investment companies and BDCs) | 20 | $251.3 million |