{
  "crd_number": 168429,
  "slug": "milestone-investment-advisors-llc-middleton-wi-168429",
  "primary_business_name": "MILESTONE INVESTMENT ADVISORS, LLC",
  "legal_name": "MILESTONE INVESTMENT ADVISORS, LLC",
  "dbas": [],
  "city": "Middleton",
  "state": "WI",
  "country": "United States",
  "cbsa_code": "31540",
  "metro": {
    "cbsa_code": "31540",
    "common_name": "Madison",
    "msa_name": "Madison, WI",
    "path": "/advisors/wi/madison"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2013-07-11",
  "years_registered": 13,
  "period": "2026-10-01",
  "filing_date": "2026-05-12",
  "carried_forward": false,
  "raum_total": 877604545.0,
  "raum_discretionary": 796355953.0,
  "raum_non_discretionary": 81248592.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 7,
  "advisory_employees": 7,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 77656703.0,
      "count": 190
    },
    "pension_profit_sharing": {
      "raum": 81248592.0,
      "count": 6
    },
    "high_net_worth_individuals": {
      "raum": 718699250.0,
      "count": 218
    }
  },
  "compensation_types": [
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "FL",
    "IL",
    "MN",
    "NC",
    "NY",
    "PA",
    "TX",
    "WA",
    "WI"
  ],
  "websites": [
    "https://milestoneia.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/168429",
  "city_as_filed": "MIDDLETON",
  "url": "https://advisorcensus.com/firm/milestone-investment-advisors-llc-middleton-wi-168429",
  "display_name": "Milestone Investment Advisors, LLC",
  "summary": "Milestone Investment Advisors, LLC is an SEC-registered investment advisory firm in Middleton, WI, registered since 2013, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 12, 2026.",
  "citation": "AdvisorCensus. Milestone Investment Advisors, LLC (CRD 168429): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is Milestone Investment Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Milestone Investment Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges."
    },
    {
      "q": "How much does Milestone Investment Advisors, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated May 12, 2026 states: Hourly rate: $300 an hour (Financial Consulting Services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Milestone Investment Advisors, LLC located?",
      "a": "Milestone Investment Advisors, LLC's principal office is in Middleton, WI, according to its Form ADV."
    },
    {
      "q": "Is Milestone Investment Advisors, LLC registered with the SEC or a state?",
      "a": "Milestone Investment Advisors, LLC is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 168429."
    },
    {
      "q": "How much does Milestone Investment Advisors, LLC manage?",
      "a": "Milestone Investment Advisors, LLC reports $877,604,545 in regulatory assets under management in its Form ADV filing dated May 12, 2026 (91% discretionary)."
    },
    {
      "q": "How have Milestone Investment Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Milestone Investment Advisors, LLC: Regulatory assets under management: $610,150,017 in the October 2021 data and $877,604,545 in the October 2026 data, up 44%. Total employees: 5 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Milestone Investment Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (218); individuals (other than high net worth individuals) (190); pension and profit sharing plans (but not the plan participants or government pension plans) (6)."
    },
    {
      "q": "Which custodians does Milestone Investment Advisors, LLC use?",
      "a": "Milestone Investment Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and TIAA-CREF Individual & Institutional Services, LLC (affiliated with the firm) as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Milestone Investment Advisors, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/168429"
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 610150017.0,
      "total_employees": 5,
      "filing_date": "2021-02-05"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 737353714.0,
      "total_employees": 5,
      "filing_date": "2022-03-20"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 681062445.0,
      "total_employees": 5,
      "filing_date": "2023-02-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 782575998.0,
      "total_employees": 6,
      "filing_date": "2024-06-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 824244648.0,
      "total_employees": 8,
      "filing_date": "2025-02-04"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 877604545.0,
      "total_employees": 7,
      "filing_date": "2026-05-12"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated May 12, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $300 an hour (Financial Consulting Services)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $300 an hour (Financial Consulting Services)"
        ],
        "quotes": [
          "Financial Consulting Services are provided at an hourly rate of $300."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 300.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Financial Consulting Services"
        }
      ]
    },
    "quotes": [
      "Financial Consulting Services are provided at an hourly rate of $300."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "TIAA-CREF Individual & Institutional Services, LLC",
      "name_as_filed": "TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC",
      "affiliated": true
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/milestone-investment-advisors-llc-middleton-wi-168429.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 190,
      "fewer_than_5": false,
      "raum": 77656703.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 218,
      "fewer_than_5": false,
      "raum": 718699250.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 81248592.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/168429",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}