The Milestone Group, Inc. (Denver)


The Milestone Group, Inc. is a large advisory firm based in Denver. It manages $2.71 billion of regulatory assets for 2,669 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, Arkansas, California, and 13 other states.

The Milestone Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Milestone Group: assets under management

The assets under management (AUM) of The Milestone Group, Inc. is $2.71 billion. The firm's AUM has grown by 298% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.69 billion in discretionary accounts and $16.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.01 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.52 million.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 41% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Milestone Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Scott Bradley Grauer serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Scott Bradley Grauer is high net worth individuals with 848 clients and $1.96 billion of assets under management. Among the 7 most similar advisory firms, The Milestone Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.71 billion for 2,669 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

The Milestone Group doesn't advise any private funds.

Careers at The Milestone Group, Inc.

The company employs 28 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Scott Bradley Grauer has been acting as President since 1 Aug 2012. Christopher Cline Freimuth joined the executive team most recently as the Managing Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Eric Thomas Koeplin Managing director 1 Feb 1996 Other 2240251
Robert Tully Adams Managing director 1 Feb 1996 Other 4360216
Richard Edward Watson Director of client relations 1 Aug 2001 Other 1078648
Theodore Andrew Harris Senior director 1 Sep 2003 Other 4710388
Doug Scott Morris Senior financial advisor 1 Nov 2003 Other 4627880
Andy Leroy Beasley Senior financial advisor 1 Jun 2007 Other 2961298
Mark James Riley Chief compliance officer and operations manager 1 Apr 2009 Other 1221961
Bok Financial Corporation Direct beneficial owner 1 Aug 2012 75% - 100% 73-1373454
Gregory Ayres Wheeler President & director 1 Aug 2012 Other 4357940
Scott Bradley Grauer Chairman 1 Aug 2012 Other 1509326
Steven Glen Bradshaw Director 1 Aug 2012 Other 1190941
Gregory Ayres Wheeler Chief executive officer 1 Aug 2015 Other 4357940
Eric Thomas Koeplin President and chief investment officer 1 Aug 2015 Other 2240251
Mindy Margaret Mahaney Director 1 Aug 2015 Other 6403627
David Charles Sego Managing director 1 Mar 2016 Other 4541939
Mark Stephen Marrone Chief compliance officer 1 Mar 2018 Other 1987907
Christopher Cline Freimuth Managing director 1 Jun 2019 Other 2195430
Eric Scott Holt Managing director 1 Jun 2019 Other 4274535
Steven E. Nell Chief financial officer 1 Jun 2019 Other 6333385
Kimberly A Bridges Director of financial planning 1 Jun 2019 Other 5546574
Clint Scott Dishman Manager, strategic investment advisors 1 Jun 2019 Other 3197465
Stephen Michael Wyett Managing director, investments 1 Jun 2019 Other 2106985
Shelly Ann Cleveland Tax officer, treasurer 1 Jun 2019 Other 7147130

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
George Bruce Kaiser Indirect beneficial owner 1 Aug 2012 50% - 75% 2163602
Bok Financial Corporation Owner 1 Oct 2018 75% - 100% 73-1373454

Based in Denver

The principal office where The Milestone Group, Inc. performs its advisory services is located at 370 17 Th Street, Denver, CO 80202, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-539-0100 or by fax 303-539-0101. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at themilestonegroup.com.