DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Miller Investment Management, LP
Latest filing Mar 31, 2026
First filing on the tape Mar 29, 2012 · 35 filings
SEC status approved since Nov 19, 1998
RAUM
$7.1B
reported, Item 5.F
Discretionary
25%
of RAUM
Private clients
89%
$6.3B individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$1.2B
derived; firm RAUM over IAPD count
Employees
18
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
12
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$7.1B as of Mar 31, 2026
Mar 29, 2012$2.1B then
HNW client RAUM$6.3B as of Mar 31, 2026
Mar 30, 2018$1.6B then
State-registered IARs (5.B.3)6 as of Mar 31, 2026
Mar 29, 20120 then
Employees (5.A)18 as of Mar 31, 2026
Mar 26, 201317 then
Private funds12 as of Mar 31, 2026
Mar 29, 20129 then
RAUM +25% over the last fiscal year+12% a year over threeIARs 7 to 6
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Multi-family-office-like · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, average HNW client assets at least $25M, fewer than 200 HNW clients, and business name contains 'family office' or private funds are reported
- RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $1.2BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 26derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $49.6MderivedHNW RAUM over HNW clients
- Average account
- $23.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 25%derivedof RAUM
- Institutional
- 2.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +25%derivedbetween the last two annual amendments
- Advisor growth, one year
- -14%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -1.3%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $655M, 20 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$6.3B89%
- Pooled investment vehicles$638M9.0%
- Charitable organizations$159M2.2%
- Individuals$9.5M0.1%
- Pension and profit-sharing plans$1.1M0.0%
- Individual clients
- 28reported
- HNW clients
- 127reported
- Pension plan clients
- n/areported
- Charitable clients
- 10reported
- Accounts
- 308reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- $655M for 20 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.89 fund_share=0.09 institutional_share=0.02 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Elwyn EvansChartered Financial Analyst | West Conshohocken, Pa | May 12, 2006 | 27 y | 0 |
| Henry Scott MillerChartered Financial Analyst | West Conshohocken, Pa | Mar 22, 2016 | 33 y | 0 |
| Clayton Patrick Parrett | West Conshohocken, Pa | Aug 3, 2016 | 11 y | 0 |
| Henry Scott Miller | West Conshohocken, Pa | Dec 13, 2016 | 10 y | 0 |
| Timothy Patrick Letter | West Conshohocken, Pa | Mar 7, 2019 | 30 y | 0 |
| Daniel Joseph HarnishChartered Financial Analyst | West Conshohocken, Pa | Jan 14, 2020 | 12 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Christopher Duke to MML Investors Services, LLCJul 11, 2022 · RIA to affiliated broker-dealer or bank
- David Joseph Hill to Legacy Advisors, LLCApr 2, 2018 · RIA to RIA
Joined, latest
- David Joseph Hill from Lord, Abbett & Co. LLCOct 7, 2016 · Other
Private funds
14 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Big Horn, LP | Private Equity Fund | $163M | 7 | Mar 29, 2012 |
| Big Horn Fgh II, LP | Private Equity Fund | $114M | 4 | Mar 29, 2012 |
| Bighorn Consumer Partners, LP | Private Equity Fund | $73.4M | 9 | Mar 30, 2017 |
| Bighorn Capital Partners II, LP | Private Equity Fund | $64.4M | 16 | Mar 26, 2013 |
| Geronimo Holdings, LP | Private Equity Fund | $50.9M | 2 | Mar 29, 2012 |
| Miller Real Estate Fund II, LP | Real Estate Fund | $45.1M | 12 | Mar 29, 2016 |
| Miller Consumer Capital, LP | Private Equity Fund | $18.9M | 3 | Mar 30, 2022 |
| Bighorn Capital Partners, LP | Hedge Fund | $15.7M | 1 | Mar 29, 2012 |
| Big Horn Mim Fgh II, LP | Private Equity Fund | $11.0M | 11 | Mar 29, 2012 |
| Big Horn Acquisition, LP | Real Estate Fund | $5.7M | 3 | Mar 29, 2012 |
| Big Horn II, LP | Private Equity Fund | $1.5M | 3 | Mar 29, 2012 |
| Miller Investment Management Fund I, LP | Other Private Fund | $649,334 | 16 | Mar 29, 2012 |
| Mim-Hayden Real Estate Fund I, LPno longer reported | Real Estate Fund | $628,754 | 55 | Mar 29, 2016 |
| Big Horn Re 1, LPno longer reported | Real Estate Fund | $152,281 | 10 | Mar 29, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Scott Henry Miller · Managing Partnercontrolsince 07/1998 · owns less than 5%
- Scott Henry Miller · Shareholdercontrolsince 07/1996 · owns 75% or more of Strategic Advisors International, Inc.
- M Christine Dostillio · Chief Compliance Officer, Chief Financial Officersince 07/2021 · owns less than 5%
- Jerome Paul Isaac · Limited Partnersince 08/2001 · owns 5% to 10%
Entity owners
- Miller Investment Management, · General Partnerdirect · owns less than 5%
- Miller Investment Management, LLC · General Partnerdirect · owns less than 5%
- Strategic Advisors · Limited Partnerdirect · owns 25% to 50%
- Strategic Advisors International, Inc. · Limited Partnerdirect · owns 25% to 50%
- Strategic Advisors International, Inc. · Sole Memberindirect · owns 75% or more of Miller Investment Management, LLC
- Paul F Miller, Jr. Gst Tet Dated · Limited Partnerdirect · owns 5% to 10%
- Paul F Miller, Jr. Gst Tet Dated 6/25/1985 · Limited Partnerdirect · owns 5% to 10%
- Sujoda Investments, LP · Limited Partnerdirect · owns 5% to 10%
Related persons
Schedule D 7.A
- Bighorn Consumer Partners Gp, LLCpooled vehicle sponsory
- Miller Consumer Capital Gp, LLCpooled vehicle sponsory
- Miller Investment Management, LLCpooled vehicle sponsory
- Miller Real Estate Gp II, LLCpooled vehicle sponsory
- Miller Real Estate Management II, LLCpooled vehicle sponsory
- Mim Management, LPpooled vehicle sponsory
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| West Conshohocken, Pa · principal | 6 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- New York, NY2 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- client mix shiftChange between filings · filing Mar 31, 2026private-client share of RAUM moved from 47.0% to 89.0% between the annual amendments of 2025-03-31 and 2026-03-31peers: independent wealth managers, $5B to $20B (289)
- HNW share shiftChange between filings · filing Mar 31, 2026HNW share of RAUM moved from 47.0% to 89.0% between the annual amendments of 2025-03-31 and 2026-03-31peers: independent wealth managers, $5B to $20B (289)
What changed
consecutive filings, newest first
- Accounts · 307 to 308Mar 31, 2025 to Mar 31, 2026
- Advisory employees · 8 to 7Mar 31, 2025 to Mar 31, 2026
- Charity clients · 8 to 10Mar 31, 2025 to Mar 31, 2026
- HNW clients · 129 to 127Mar 31, 2025 to Mar 31, 2026
- Pooled vehicle clients · 21 to 18Mar 31, 2025 to Mar 31, 2026
- Assets in custody · $662M to $655MMar 31, 2025 to Mar 31, 2026
- Employees · 19 to 18Mar 31, 2025 to Mar 31, 2026
- Financial planning clients · 11-25 to 26-50Mar 31, 2025 to Mar 31, 2026
- State-registered IARs · 7 to 6Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.8B to $1.8BMar 31, 2025 to Mar 31, 2026
- HNW RAUM · $2.7B to $6.3BMar 31, 2025 to Mar 31, 2026
- Individual RAUM · $18.6M to $9.5MMar 31, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $3.9B to $5.3BMar 31, 2025 to Mar 31, 2026
- Pension RAUM · $4.6M to $1.1MMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $2.9B to $638MMar 31, 2025 to Mar 31, 2026
- RAUM · $5.7B to $7.1BMar 31, 2025 to Mar 31, 2026
- Accounts · 289 to 307Apr 30, 2024 to Mar 31, 2025
- Charity clients · 9 to 8Apr 30, 2024 to Mar 31, 2025
- HNW clients · 154 to 129Apr 30, 2024 to Mar 31, 2025
- Individual clients · 30 to 28Apr 30, 2024 to Mar 31, 2025
- Pooled vehicle clients · 26 to 21Apr 30, 2024 to Mar 31, 2025
- Assets in custody · $588M to $662MApr 30, 2024 to Mar 31, 2025
- Employees · 23 to 19Apr 30, 2024 to Mar 31, 2025
- Financial planning clients · 11-25 to 11-25Apr 30, 2024 to Mar 31, 2025
- Discretionary RAUM · $1.7B to $1.8BApr 30, 2024 to Mar 31, 2025
- HNW RAUM · $2.7B to $2.7BApr 30, 2024 to Mar 31, 2025
- Individual RAUM · $30.5M to $18.6MApr 30, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $4.6B to $3.9BApr 30, 2024 to Mar 31, 2025
- Pension RAUM · $3.7M to $4.6MApr 30, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $3.5B to $2.9BApr 30, 2024 to Mar 31, 2025
- RAUM · $6.4B to $5.7BApr 30, 2024 to Mar 31, 2025
- Discretionary RAUM · $1.7B to $1.7BMar 28, 2024 to Apr 30, 2024
- Pooled vehicle RAUM · $3.5B to $3.5BMar 28, 2024 to Apr 30, 2024
- RAUM · $6.4B to $6.4BMar 28, 2024 to Apr 30, 2024
- Accounts · 281 to 289May 2, 2023 to Mar 28, 2024
- Advisory employees · 9 to 8May 2, 2023 to Mar 28, 2024
- Charity clients · 8 to 9May 2, 2023 to Mar 28, 2024
- HNW clients · 141 to 154May 2, 2023 to Mar 28, 2024
- Individual clients · 31 to 30May 2, 2023 to Mar 28, 2024
- Pooled vehicle clients · 25 to 26May 2, 2023 to Mar 28, 2024
Signals
4 dated events
- Miller Investment Management, Lp reported RAUM $6.4B, up 25% from $5.1B (2023-05-02 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- Christopher Duke left Miller Investment Management, Lp for Mml Investors Services, Llc (registered 2023-02-01)Jul 11, 2022 · Advisor changed firm · fact
- Miller Investment Management, Lp reported RAUM $5.5B, up 36% from $4.0B (2021-07-30 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- Miller Investment Management, Lp reported RAUM $3.5B, up 44% from $2.4B (2019-05-01 to 2020-03-29)Mar 29, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Miller Investment Management, LP · Independent Sponsorsshared crd · capital_provider
- Miller Investment Management, LP · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Business phone
- 610-834-9820reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 610-834-9824reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/millerinv.comreportedpublic record, Form ADV, Sep 17, 2026
- Website
- MILLERINV.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 610-834-9820reportedpublic record, Form ADV, Mar 31, 2026
- Team page
- millerinv.com/people/investment-managementreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $1.2Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
Miller Investment Management, LP is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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