Milliman Advisors, LLC

Registered investment adviser · Seattle, WA · CRD #112245

Form ADV data as of 2026-09-01

Regulatory assets

$2.32 billion

Total accounts

Employees

Disclosure events

Firm details

Website: http://www.milliman.com
Telephone: 206-624-7940
SEC file number: 801-33315
Most recent Form ADV filing: 2026-06-15
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$41.4 million
Non-discretionary regulatory assets under management	$2.28 billion
Total regulatory assets under management	$2.32 billion
Discretionary accounts	2
Non-discretionary accounts	32
Total accounts	34
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	1
Employees performing investment advisory functions (including research)	1
Employees who are registered representatives of a broker-dealer	0
Employees registered as investment adviser representatives with a state	0
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	0
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	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No

How the firm is compensated

A percentage of assets under managementHourly chargesFixed fees (other than subscription fees)

Advisory services offered

Portfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Educational seminars/workshops

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Commodity pool operator or commodity trading advisorInsurance company or agencyPension consultant

Client types

Type of client	Clients	Assets
Pension and profit sharing plans (not the participants or government plans)	9	$217.7 million
State or municipal government entities (including government pension plans)	4	$238.1 million
Corporations or other businesses not listed above	26	$1.86 billion