Milestone Advisory Partners, LLC (Southern Pines)

Name: Milestone Advisory Partners, LLC
Address: 103 Bradford Village Court, Southern Pines, NC, 28387
Telephone: 910-691-6100

Milestone Advisory Partners, LLC is a large advisory firm based in Southern Pines. It manages $204.43 million of regulatory assets for 624 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, New York, North Carolina, and South Carolina.

Milestone Advisory Partners provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Milestone Advisory Partners: assets under management

The assets under management (AUM) of Milestone Advisory Partners, LLC is $204.43 million. The firm's AUM has grown by 17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $192.13 million in discretionary accounts and $12.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $388.93 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $94.58 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 64% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in government bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Milestone Advisory Partners, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Milestone Advisory Partners serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Milestone Advisory Partners is individuals with 192 clients and $103.43 million of assets under management. Among the 8 most similar advisory firms, Milestone Advisory Partners has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $204.43 million for 221 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 45% of the firm’s clients are foreign persons or businesses.

Milestone Advisory Partners doesn't advise any private funds.

Careers at Milestone Advisory Partners, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dawn D. Hasty	Managing member, chief compliance officer	1 Aug 2015	75% - 100%	6539512
Dawn Daughtridge Hasty	Managing member, chief compliance officer	1 Aug 2015	75% - 100%	6539512
Winfred Norman Hasty	Managing member, chief compliance officer	1 Sep 2015	25% - 50%	1956832
John Morse Kober	Managing member	1 Sep 2015	25% - 50%	1058225
Mary Zastrow Breasseale	Managing member	1 Sep 2015	25% - 50%	4842689
Teresa Zahran White	Managing member	1 Sep 2015	Other	2203549
Winfred Norman Hasty	Managing member / chief compliance officer	1 Oct 2015	25% - 50%	1956832
John Morse Kober	Managing member	1 Oct 2015	25% - 50%	1058225
Mary Zastrow Breasseale	Managing member	1 Oct 2015	25% - 50%	4842689
Teresa Zahran White	Managing member	1 Oct 2015	Other	2203549
Mary Kay Zastrow	Managing member	1 Oct 2015	25% - 50%	4842689

Based in Southern Pines

The principal office where Milestone Advisory Partners, LLC performs its advisory services is located at 103 Bradford Village Court, Southern Pines, NC 28387, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 910-691-6100. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at milestoneadvisorypartners.com.