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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

MILESTONE INVESTMENT ADVISORS, LLC

CRD 168429

MIDDLETON, WI

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:b4d3341a-38cc-41fa-f3ad-d4947bfcc3a3

Data as of May 12, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 10:46 AM UTC and rebuilt at most every 15 minutes.

Relationships: 11
Dated events: 3
On other graphs: 0
Observed: Jul 8, 2013 to May 12, 2026
32 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

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

Firm class: independent wealth managerderivedprivate_client_share=0.91 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $878MItem 5.F on the latest filing (2026-05-12); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $796M
Private client RAUM: $796MderivedItem 5.D individuals plus high net worth individuals
Private client share: 91%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 7
RAUM per advisor: $125Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 7
Advisory employees: 7
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 1,264
Individual clients: 190
High net worth clients: 218
Custody, client assets: $42.0M
SEC number: 801-78337
CRD: 168429
Filings on the tape: 32
First filed: Jul 8, 2013
Latest filed: May 12, 2026
Organised: Limited Liability Company, WI
Website: milestoneia.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
DANIEL PETER KAUPER	Certified Financial Planner	MIDDLETON, WI	13	40	1	no
ROBERT GARLAND ARMSTRONG	Certified Financial Planner	MIDDLETON, WI	13	45	1	no
ANGEL CHOW MCCLAREY	Certified Financial Planner	MIDDLETON, WI	12	32	2	no
MICHAEL EDMUND ARBET	n/a	MIDDLETON, WI	11	40	n/a	no
Jonathan Gregory Wilson	Certified Financial Planner	MIDDLETON, WI	2	12	3	no
David Solheim	Certified Financial Planner	MIDDLETON, WI	2	10	3	no
Darrin Michael Sharp	Certified Financial Planner	MIDDLETON, WI	2	26	8	no

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
ARMSTRONG, ROBERT, GARLAND	Member	C	yes	07/2013	Jul 8, 2013	Jun 25, 2024
KAUPER, DANIEL, PETER	MEMBER/CHEIF INFORMATION SECURITY OFFICER	C	yes	03/2017	Jul 8, 2013	Jun 25, 2024
MCCLAREY, ANGEL, CHOW	MEMBER/CHIEF COMPLIANCE OFFICER	C	yes	03/2017	Dec 26, 2013	Jun 25, 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

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 11, 2026	$878M	$796M	7	7	0	n/a	n/a
2024	Feb 4, 2025	$824M	$746M	8	7	0	n/a	n/a
2023	Mar 11, 2024	$783M	$710M	6	6	0	n/a	n/a
2022	Feb 1, 2023	$681M	$596M	5	5	0	n/a	n/a
2021	Mar 20, 2022	$737M	$636M	5	5	0	n/a	n/a
2020	Feb 5, 2021	$610M	$522M	5	5	0	n/a	n/a
2019	Mar 4, 2020	$603M	$514M	5	5	0	n/a	n/a
2018	Mar 29, 2019	$662M	$487M	4	4	0	n/a	n/a
2017	Mar 16, 2018	$567M	$457M	4	4	0	n/a	n/a
2016	Mar 9, 2017	$403M	$365M	4	4	n/a	n/a	n/a
2015	Mar 5, 2016	$357M	$323M	4	4	n/a	n/a	n/a
2014	Mar 2, 2015	$331M	$315M	3	3	n/a	n/a	n/a
2013	Mar 27, 2014	$200M	$190M	3	3	n/a	n/a	n/a

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
0	0	0	0.0%	0	0	0	3	1

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	$878M	$824M	6.5%	$681M	8.8%	7	8	0	0

Relationships

Registered with (8)

← Darrin Michael SharpAdvisorregistration: current employment
Jun 25, 2024 to presentfactForm ADV
← David SolheimAdvisorregistration: current employment
May 13, 2024 to presentfactForm ADV
← Jonathan Gregory WilsonAdvisorregistration: current employment
Feb 7, 2024 to presentfactForm ADV
← MICHAEL EDMUND ARBETAdvisorregistration: current employment
Aug 18, 2015 to presentfactForm ADV
← ANGEL CHOW MCCLAREYAdvisorregistration: current employment
Oct 3, 2013 to presentfactForm ADV
← DANIEL PETER KAUPERAdvisorregistration: current employment
Jul 11, 2013 to presentfactForm ADV
← ROBERT GARLAND ARMSTRONGAdvisorregistration: current employment
Jul 11, 2013 to presentfactForm ADV
← JOEL THOMAS SAUERAdvisorregistration: previous registration
Aug 14, 2019 to Apr 2, 2024factForm ADV

Controls (3)

← KAUPER, DANIEL, PETEROwnerMEMBER/CHEIF INFORMATION SECURITY OFFICER, ownership code C, individual
Jul 8, 2013 to Jun 25, 2024factForm ADV
← MCCLAREY, ANGEL, CHOWOwnerMEMBER/CHIEF COMPLIANCE OFFICER, ownership code C, individual
Dec 26, 2013 to Jun 25, 2024factForm ADV
← ARMSTRONG, ROBERT, GARLANDOwnerMEMBER, ownership code C, individual
Jul 8, 2013 to Jun 25, 2024factForm ADV

Dated events

Occurred
Apr 2, 2024
Advisor changed firm
Joel Thomas Sauer left Milestone Investment Advisors, Llc for Savant Wealth Management (registered 2024-04-22)
Form ADVobserved 4 days ago
Occurred
Mar 16, 2018
Regulatory AUM changed
Milestone Investment Advisors, Llc reported RAUM $567.2M, up 41% from $403.0M (2017-05-08 to 2018-03-16)
Form ADVobserved 4 days ago
$164M
Occurred
Jul 8, 2013
First Form ADV filing
Milestone Investment Advisors, Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:b4d3341a-38cc-41fa-f3ad-d4947bfcc3a3
First observed: Jul 8, 2013
Last observed: May 12, 2026 4 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.

MILESTONE INVESTMENT ADVISORS, LLC

CRD 168429

MIDDLETON, WI

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:b4d3341a-38cc-41fa-f3ad-d4947bfcc3a3

Data as of May 12, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 10:46 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

DANIEL PETER KAUPER

Certified Financial Planner

MIDDLETON, WI

ROBERT GARLAND ARMSTRONG

Certified Financial Planner

MIDDLETON, WI

ANGEL CHOW MCCLAREY

Certified Financial Planner

MIDDLETON, WI

MICHAEL EDMUND ARBET

n/a

MIDDLETON, WI

n/a

Jonathan Gregory Wilson

Certified Financial Planner

MIDDLETON, WI

David Solheim

Certified Financial Planner

MIDDLETON, WI

Darrin Michael Sharp

Certified Financial Planner

MIDDLETON, WI

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

ARMSTRONG, ROBERT, GARLAND

Member

yes

07/2013

Jul 8, 2013

Jun 25, 2024

KAUPER, DANIEL, PETER

MEMBER/CHEIF INFORMATION SECURITY OFFICER

yes

03/2017

Jul 8, 2013

Jun 25, 2024

MCCLAREY, ANGEL, CHOW

MEMBER/CHIEF COMPLIANCE OFFICER

yes

03/2017

Dec 26, 2013

Jun 25, 2024

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 11, 2026

$878M

$796M

n/a

2024

Feb 4, 2025

$824M

$746M

n/a

2023

Mar 11, 2024

$783M

$710M

n/a

2022

Feb 1, 2023

$681M

$596M

n/a

2021

Mar 20, 2022

$737M

$636M

n/a

2020

Feb 5, 2021

$610M

$522M

n/a

2019

Mar 4, 2020

$603M

$514M

n/a

2018

Mar 29, 2019

$662M

$487M

n/a

2017

Mar 16, 2018

$567M

$457M

n/a

2016

Mar 9, 2017

$403M

$365M

n/a

2015

Mar 5, 2016

$357M

$323M

n/a

2014

Mar 2, 2015

$331M

$315M

n/a

2013

Mar 27, 2014

$200M

$190M

n/a

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

$878M

$824M

6.5%

$681M

8.8%