MILLARES ASSET MANAGEMENT, LLC

RIASEC RegisteredEst. 2015

Total AUM

$236M

Discretionary

$236M

100% of AUM

Avg account

$1.5M

Accounts

154

Employees

Advisory reps

Firm details

Headquarters: CORAL GABLES, Florida
CRD number: 144620
Registered since: May 15, 2015
Website: www.millares.net
Custodians: CHARLES SCHWAB & CO., INC.
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees, Other
Client types: HNWI96.74%
Individuals2.71%
Pension & Profit Sharing Plans0.55%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Millares Asset Management, LLC is an independent registered investment adviser formed in 2015 and operated as a limited liability company with individual ownership. The firm serves high-net-worth individuals and families, offering financial planning and discretionary portfolio management across household and small-business relationships, as well as select institutional or business accounts. Millares functions as a capital allocator and provides selection-of-other-advisers services, which suggests it constructs blended portfolios that can include external managers alongside in-house strategies. The firm charges a mix of fee structures — percentage of AUM, hourly and fixed fees, plus other arrangements — allowing flexibility for differing client needs. Its advisory scope includes financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutions, and pension consulting. The firm reports relationships with professional advisers such as accountants and law firms, indicating it often works in concert with clients’ broader advisory teams.