Miller Value Partners, LLC is a large advisory firm based in Baltimore. It manages $2.32 billion of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California and Maryland.
Miller Value Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Miller Value Partners, LLC is $2.32 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 17205% since the beginning of its operation, and $241.29 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Miller Value Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Miller Value Partners is investment companies with 2 clients and $1.63 billion of assets under management. Among the 6 most similar advisory firms, Miller Value Partners has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $2.32 billion for 16 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.
Miller Value Partners also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 16 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 2 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.
The principal office where Miller Value Partners, LLC performs its advisory services is located at One South Street, Baltimore, MD 21202, 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 410-454-3130 or by fax 410-454-5329. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at millervalue.com.