Milliman Financial Risk Management LLC

RIASEC RegisteredEst. 2012

Total AUM

$40.3B

Discretionary

$40.3B

100% of AUM

Avg account

$164M

Accounts

246

Employees

177

Advisory reps

Firm details

Headquarters: Chicago, Illinois
CRD number: 159377
Registered since: January 24, 2012
Website: frm.milliman.com
Custodians: J.P. MORGAN SECURITIES INC., U.S. BANK, N.A., CITI PRIVATE BANK, WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC, THE BANK OF NEW YORK MELLON, THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION, BANK OF AMERICA
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: Investment Companies64.19%
Insurance Companies32.68%
Pooled Investment Vehicles3.13%
Services: Portfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

Milliman Financial Risk Management LLC is an institutional registered investment adviser formed as an LLC and SEC-registered in 2012. The firm serves institutional clients and provides portfolio management for investment companies, pooled investment vehicles and businesses or institutions. It also operates in a commodity trading/commodity pool capacity (CPO/CTA). Milliman FRM uses a mix of fee arrangements — percentage of AUM, hourly charges and fixed fees — and is not identified as an active ESG investor or as a multi-state adviser. The firm is designated as a non-capital allocator and does not report related-adviser or pension-consultant status.