AdvisorCensus / Financial advisors / New York / Rochester / Milestones Private Investment Advisors LLC
Milestones Private Investment Advisors LLC
Filed as MILESTONES PRIVATE INVESTMENT ADVISORS LLC
Milestones Private Investment Advisors LLC is an SEC-registered investment advisory firm in Fairport, NY, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated October 1, 2026.
Quick answers
From the filingHow is Milestones Private Investment Advisors LLC compensated?
On its Form ADV (Item 5.E, October 2026), Milestones Private Investment Advisors LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
What does Milestones Private Investment Advisors LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated February 6, 2026 states: Asset-based fee: 0.01% to 1% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Milestones Private Investment Advisors LLC located?
Milestones Private Investment Advisors LLC's principal office is in Fairport, NY, according to its Form ADV.
Is Milestones Private Investment Advisors LLC registered with the SEC or a state?
Milestones Private Investment Advisors LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 289116.
How much does Milestones Private Investment Advisors LLC manage?
Milestones Private Investment Advisors LLC reports $222,621,943 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (64% discretionary).
How have Milestones Private Investment Advisors LLC's assets and staff changed since 2021?
In the Form ADV data for Milestones Private Investment Advisors LLC: Regulatory assets under management: $150,915,085 in the October 2021 data and $222,621,943 in the October 2026 data, up 48%. Total employees: 2 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Milestones Private Investment Advisors LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (183); high net worth individuals (70); corporations or other businesses not listed above (1).
Which custodians does Milestones Private Investment Advisors LLC use?
Milestones Private Investment Advisors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Milestones Private Investment Advisors LLC report any disciplinary disclosures?
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/289116
Does Milestones Private Investment Advisors LLC state an account minimum?
Its Form ADV Part 2A brochure dated February 6, 2026 says: "Milestones does not currently have a minimum account size required to be a client of the firm."
What changed in Milestones Private Investment Advisors LLC's recent Form ADV filings?
In the March 2026 filing data: Regulatory assets under management went from $198,122,462 to $222,621,943 (+12%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.01% to 1% a year (a range, as the brochure states it)
The brochure's wording
Generally, fees vary from 0.01% to 1.00% per annum of the market value of a client’s assets managed by Milestones. Fees are negotiable, and the fee range stated is a guide.
Account minimum: None
The brochure's wording
Milestones does not currently have a minimum account size required to be a client of the firm.
As stated in the firm's Form ADV Part 2A brochure dated February 6, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$222,621,943 as of October 2026, filing dated October 1, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2017 (9 years)
- Employees
- Total: 3. Performing investment advisory functions: 2.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
5 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $222,621,943 | 3 | October 1, 2026 |
| October 2025 | $198,122,462 | 3 | March 28, 2025 |
| October 2024 | $175,299,498 | 3 | January 23, 2024 |
| October 2023 | $149,846,522 | 3 | March 14, 2023 |
| October 2022 | $167,517,661 | 2 | February 17, 2022 |
| October 2021 | $150,915,085 | 2 | September 14, 2021 |
Regulatory assets under management: $150,915,085 in the October 2021 data and $222,621,943 in the October 2026 data, up 48%.
Total employees: 2 in October 2021 and 3 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- March 2026
- Regulatory assets under management went from $198,122,462 to $222,621,943 (+12%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Milestones Private Investment Advisors LLC (CRD 289116): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/milestones-private-investment-advisors-llc-fairport-ny-289116