Millennium Investment And Retirement Advisors, LLC (Charlotte)

Name: Millennium Investment And Retirement Advisors, LLC
Address: 13850 Ballantyne Corporate Place, Charlotte, NC, 28277
Telephone: 704-743-3335

Millennium Investment And Retirement Advisors, LLC is a large advisory firm based in Charlotte. It manages $623.61 million of regulatory assets for 314 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Maryland, New Jersey, New York, and North Carolina.

Millennium Investment And Retirement Advisors provides portfolio management for individuals and small businesses 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.

Millennium Investment And Retirement Advisors: assets under management

The assets under management (AUM) of Millennium Investment And Retirement Advisors, LLC is $623.61 million. The firm's AUM has grown by 2168% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $452.87 million in discretionary accounts and $170.73 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.89 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.28 million.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 2% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Millennium Investment And Retirement Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Millennium Investment And Retirement Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Millennium Investment And Retirement Advisors is pension and profit sharing plans with 142 clients and $596.7 million of assets under management. Among the 9 most similar advisory firms, Millennium Investment And Retirement Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $623.61 million for 232 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Millennium Investment And Retirement Advisors doesn't advise any private funds.

Careers at Millennium Investment And Retirement Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Ricky Gene Canipe	Chief compliance officer/managing member	1 Jan 2000	75% - 100%	4488122
Larry Grant Canipe	Non-managing llc member	1 Apr 2002	Other	4717076
Johnna Dee Wicker	Executive vice president	1 Apr 2002	25% - 50%	4531666
Aubrey Gene Canipe	Advisor	1 Apr 2002	Other	4531649
Rose Leonard Canipe	Advisor	1 Apr 2002	Other	4531663
Johnna Wicker Canipe	Executive vice president	1 Apr 2002	25% - 50%	4531666
James Thomas Comer	Advisor	1 Jun 2005	Other	840267
Anne Nickell Comer	Advisor	1 Jun 2005	Other	5013546

Based in Charlotte

The principal office where Millennium Investment And Retirement Advisors, LLC performs its advisory services is located at 13850 Ballantyne Corporate Place, Charlotte, NC 28277, which is also the mailing address of the firm. An additional office of the firm is in Bethesda, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-743-3335 or by fax 866-239-6412. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at miracenter.com.