DFX Intelligence

Data Factory

RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

MILLS WEALTH ADVISORS, LLC

CRD 159251

SOUTHLAKE, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:4ae977bf-aeb0-f7e9-dbc2-9700b340edb9

Data as of Mar 25, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 7:16 PM UTC and rebuilt at most every 15 minutes.

Relationships: 17
Dated events: 2
On other graphs: 3
Observed: Mar 22, 2017 to Mar 25, 2026
27 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Private Equityidentity

Mills Wealth Advisors, LLC

Private equity manager · shared crd

Independent Sponsorsidentity

Mills Wealth Advisors, LLC

Capital provider to sponsors · shared crd

Private Creditidentity

MILLS WEALTH ADVISORS, LLC

Private credit manager · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=0.9 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $549MItem 5.F on the latest filing (2026-03-25); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $507M
Private client RAUM: $494MderivedItem 5.D individuals plus high net worth individuals
Private client share: 90%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 7
RAUM per advisor: $78.4Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 8
Advisory employees: 6
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 1,877
Individual clients: 275
High net worth clients: 171
Private funds: 2Schedule D 7.B(1)
Custody, client assets: $31.2M
SEC number: 801-110251
CRD: 159251
Filings on the tape: 27
First filed: Mar 22, 2017
Latest filed: Mar 25, 2026
Organised: Limited Liability Company, TX
Website: millswealthadvisors.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
MICHAEL ALAN MILLS	Certified Financial Planner	SOUTHLAKE, TX	14	28	3	no
MATTHEW ALEXANDER BROWN	Certified Financial Planner	SOUTHLAKE, TX	8	12	n/a	no
STEPHEN BROOKS NELSON	Certified Financial Planner	SOUTHLAKE, TX	8	13	n/a	no
Emily Marie Lopez	Certified Financial Planner	SOUTHLAKE, TX	3	12	n/a	no
Ajoke Helen Esomo	Certified Financial Planner	SOUTHLAKE, TX	2	17	n/a	no
ROBIN CHRISTY AUSTIN	n/a	SOUTHLAKE, TX	0	32	4	no
Griffin Vance Eberly	n/a	SOUTHLAKE, TX	0	10	n/a	no

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
MILLS EQUITY FUND II, LP	Private Equity Fund	$165,941	Mar 26, 2024	39	Mar 22, 2017	reported	021-106800
LS MWA LOAN 2	Securitized Asset Fund	$0	Mar 26, 2024	15	Mar 26, 2018	reported	021-299099

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
MILLS, MICHAEL, ALAN	PRESIDENT/CHIEF COMPLIANCE OFFICER	E	yes	04/2003	Mar 22, 2017	Mar 26, 2024
NELSON, STEPHEN, BROOKS	PARTNER, SHAREHOLDER	A	no	01/2022	Aug 3, 2022	Mar 26, 2024

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 9 of 10

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Private funds	Fund GAV
2025	Mar 25, 2026	$549M	$507M	8	6	2	n/a
2024	Mar 28, 2025	$440M	$402M	6	5	2	n/a
2023	Mar 26, 2024	$346M	$313M	6	5	2	$165,941
2022	Mar 28, 2023	$288M	$255M	7	5	2	$297,331
2021	Mar 31, 2022	$293M	$261M	5	4	2	$320,045
2020	Mar 22, 2021	$222M	$193M	5	4	2	$141,951
2019	Mar 17, 2020	$229M	$203M	3	3	2	$182,643
2018	Mar 20, 2019	$164M	$133M	4	4	2	$1.5M
2017	Mar 26, 2018	$139M	$123M	3	3	2	$2.2M

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
1	0	1	0.0%	0	0	0	1	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$549M	$440M	24.7%	$288M	24.0%	8	6	0	0

Relationships

Registered with (13)

← Griffin Vance EberlyAdvisorregistration: current employment
Sep 4, 2026 to presentfactForm ADV
← ROBIN CHRISTY AUSTINAdvisorregistration: current employment
Dec 3, 2025 to presentfactForm ADV
← Ajoke Helen EsomoAdvisorregistration: current employment
Nov 13, 2023 to presentfactForm ADV
← Emily Marie LopezAdvisorregistration: current employment
Aug 23, 2023 to presentfactForm ADV
← STEPHEN BROOKS NELSONAdvisorregistration: current employment
Apr 13, 2018 to presentfactForm ADV
← MATTHEW ALEXANDER BROWNAdvisorregistration: current employment
Nov 25, 2017 to presentfactForm ADV
← MICHAEL ALAN MILLSAdvisorregistration: current employment
Jan 31, 2012 to presentfactForm ADV
← Chelsea Danielle JohnsAdvisorregistration: previous registration
Aug 15, 2022 to Jun 19, 2023factForm ADV
← JAMES ARLEN DAVISAdvisorregistration: previous registration
Apr 20, 2020 to Jun 30, 2021factForm ADV
← MICHAEL SCOTT CHRISTIANSAdvisorregistration: previous registration
Apr 19, 2018 to Mar 11, 2020factForm ADV
← Stephen Anthony HozieAdvisorregistration: previous registration
Jan 9, 2018 to Nov 27, 2018factForm ADV
← BRIAN JOSEPH MUELLERAdvisorregistration: previous registration
Jan 31, 2012 to Aug 23, 2017factForm ADV
← Carrie Denise StevensonAdvisorregistration: previous registration
Jun 18, 2014 to Jun 15, 2015factForm ADV

Advises (2)

→ LS MWA LOAN 2Private fundSecuritized Asset Fund, IA
Mar 26, 2018 to presentfactForm ADV
→ MILLS EQUITY FUND II, LPPrivate fundPrivate Equity Fund, IA
Mar 22, 2017 to presentfactForm ADV

Controls (1)

← MILLS, MICHAEL, ALANOwnerPRESIDENT/CHIEF COMPLIANCE OFFICER, ownership code E, individual
Mar 22, 2017 to Mar 26, 2024factForm ADV

Owns (1)

← NELSON, STEPHEN, BROOKSOwnerPARTNER, SHAREHOLDER, ownership code A, individual
Aug 3, 2022 to Mar 26, 2024factForm ADV

Dated events

Occurred
Jun 19, 2023
Advisor changed firm
Chelsea Danielle Johns left Mills Wealth Advisors, Llc for Root Financial Partners (registered 2024-04-12)
Form ADVobserved 6 days ago
Occurred
Mar 22, 2017
First Form ADV filing
Mills Wealth Advisors, Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 6 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:4ae977bf-aeb0-f7e9-dbc2-9700b340edb9
First observed: Mar 22, 2017
Last observed: Mar 25, 2026 6 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

MILLS WEALTH ADVISORS, LLC

CRD 159251

SOUTHLAKE, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:4ae977bf-aeb0-f7e9-dbc2-9700b340edb9

Data as of Mar 25, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 7:16 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

MICHAEL ALAN MILLS

Certified Financial Planner

SOUTHLAKE, TX

MATTHEW ALEXANDER BROWN

Certified Financial Planner

SOUTHLAKE, TX

n/a

STEPHEN BROOKS NELSON

Certified Financial Planner

SOUTHLAKE, TX

n/a

Emily Marie Lopez

Certified Financial Planner

SOUTHLAKE, TX

n/a

Ajoke Helen Esomo

Certified Financial Planner

SOUTHLAKE, TX

n/a

ROBIN CHRISTY AUSTIN

n/a

SOUTHLAKE, TX

Griffin Vance Eberly

n/a

SOUTHLAKE, TX

n/a

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

MILLS EQUITY FUND II, LP

Private Equity Fund

$165,941

Mar 26, 2024

Mar 22, 2017

reported

021-106800

LS MWA LOAN 2

Securitized Asset Fund

Mar 26, 2024

Mar 26, 2018

reported

021-299099

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

MILLS, MICHAEL, ALAN

PRESIDENT/CHIEF COMPLIANCE OFFICER

yes

04/2003

Mar 22, 2017

Mar 26, 2024

NELSON, STEPHEN, BROOKS

PARTNER, SHAREHOLDER

01/2022

Aug 3, 2022

Mar 26, 2024

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 25, 2026

$549M

$507M

n/a

2024

Mar 28, 2025

$440M

$402M

n/a

2023

Mar 26, 2024

$346M

$313M

$165,941

2022

Mar 28, 2023

$288M

$255M

$297,331

2021

Mar 31, 2022

$293M

$261M

$320,045

2020

Mar 22, 2021

$222M

$193M

$141,951

2019

Mar 17, 2020

$229M

$203M

$182,643

2018

Mar 20, 2019

$164M

$133M

$1.5M

2017

Mar 26, 2018

$139M

$123M

$2.2M

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$549M

$440M

24.7%

$288M

24.0%