# Mills Wealth Advisors, LLC

> Mills Wealth Advisors, LLC is an SEC-registered investment advisory firm in Southlake, TX, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 159251
- Filed as: MILLS WEALTH ADVISORS, LLC
- Also doing business as: MILLS WEALTH
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Southlake, TX
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159251
- AdvisorCensus page: https://advisorcensus.com/firm/mills-wealth-advisors-llc-southlake-tx-159251

## Quick answers

**How is Mills Wealth Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Mills Wealth Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees.

**Where is Mills Wealth Advisors, LLC located?**
Mills Wealth Advisors, LLC's principal office is in Southlake, TX, according to its Form ADV.

**Is Mills Wealth Advisors, LLC registered with the SEC or a state?**
Mills Wealth Advisors, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 159251.

**How much does Mills Wealth Advisors, LLC manage?**
Mills Wealth Advisors, LLC reports $548,737,909 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (92% discretionary).

**How have Mills Wealth Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Mills Wealth Advisors, LLC: Regulatory assets under management: $221,721,747 in the October 2021 data and $548,737,909 in the October 2026 data, up 147%. Total employees: 5 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Mills Wealth Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (275); high net worth individuals (171); pension and profit sharing plans (but not the plan participants or government pension plans) (16).

**Which custodians does Mills Wealth Advisors, LLC use?**
Mills Wealth 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 Mills Wealth 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/159251

**What changed in Mills Wealth Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 6. Regulatory assets under management went from $440,076,004 to $548,737,909 (+25%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $548,737,909
- Discretionary: $507,157,697
- Non-discretionary: $41,580,212

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 275 | $72,955,790 |
| High net worth individuals | 171 | $421,268,144 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $76,107 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 16 | $48,341,911 |
| Corporations or other businesses not listed above | 8 | $6,095,957 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2017 (9 years)
- Employees: 8 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CO, GA, LA, MN, TX, UT, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- millswealthadvisors.com
- Facebook @MIKEMILLSWEALTHMANAGEMENT
- Instagram @mills_wealth
- LinkedIn @mills-wealth-advisors
- X @Mills_Wealth
- YouTube @UCLIxnN9-iyPpaCyi0ZKzpGA

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $221,721,747 | 5 | March 22, 2021 |
| October 2022 | $292,818,848 | 5 | August 3, 2022 |
| October 2023 | $287,610,565 | 7 | March 28, 2023 |
| October 2024 | $346,240,660 | 6 | March 26, 2024 |
| October 2025 | $440,076,004 | 6 | June 2, 2025 |
| October 2026 | $548,737,909 | 8 | March 25, 2026 |

Regulatory assets under management: $221,721,747 in the October 2021 data and $548,737,909 in the October 2026 data, up 147%.
Total employees: 5 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 6.
- Regulatory assets under management went from $440,076,004 to $548,737,909 (+25%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mills Wealth Advisors, LLC (CRD 159251): Form ADV filing data as of October 2026.