Courage Miller Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, estate planning, insurance, and tax planning. Financial planning was provided to 11–25 clients last fiscal year.
Courage Miller Partners reports 228 clients. They include 121 individual clients, 101 high-net-worth individuals and 5 charitable organizations. Of its assets, 90.4% ($434M across 787 accounts) are managed with discretion; $46.2M across 53 accounts are not. It advised 3 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 53% | 10% |
| High-net-worth individuals | 44% | 83% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | 2% | 5% |
| Corporations and other businesses | Fewer than 5 | 2% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 121 | $47.9M | 10.0% | $396K |
| High-net-worth individuals | 101 | $400M | 83.3% | $3.96M |
| Pension and profit-sharing plans | 1 | $1.23M | 0.3% | $1.23M |
| Charitable organizations | 5 | $23.5M | 4.9% | $4.7M |
| Corporations and other businesses | Fewer than 5 | $7.65M | 1.6% | — |
| Total | 228 | $481M | 100% | — |
- Clients
- 121
- Regulatory AUM
- $47.9M
- AUM share
- 10.0%
- Avg. per client
- $396K
- Clients
- 101
- Regulatory AUM
- $400M
- AUM share
- 83.3%
- Avg. per client
- $3.96M
- Clients
- 1
- Regulatory AUM
- $1.23M
- AUM share
- 0.3%
- Avg. per client
- $1.23M
- Clients
- 5
- Regulatory AUM
- $23.5M
- AUM share
- 4.9%
- Avg. per client
- $4.7M
- Clients
- Fewer than 5
- Regulatory AUM
- $7.65M
- AUM share
- 1.6%
- Avg. per client
- —
Total
- Clients
- 228
- Regulatory AUM
- $481M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 3
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Courage Miller Partners charges 0.80%–1.25% a year for its Investment advisory services. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting (stand-alone)
- Negotiable; generally $2,500 to $10,000 as a fixed fee, or $200 to $500 an hour, depending on scope and professionals.
- Retirement plan services
- Negotiable annual fee on plan assets, generally 0.10% to 0.60% of market value, depending on scope and complexity.
Ralph Courage owns 75% or more of Courage Miller Partners. The leadership team of Courage Miller Partners includes Chief Compliance Officer Ralph Courage. It has 4 employees, 3 of them in advisory roles.
Leadership
- Ralph CourageManaging Member, Chief Compliance Officer
- Jeffrey MillerManaging Member
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 75% or more of Courage Miller Partners, LLC
Ralph Courage
Control person · since May 2008
Courage Miller Partners’ regulatory assets grew from $347M (March 2021) to $481M (March 2026); clients rose from 214 to 228 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $481M | 228 | 4 | 1 |
| March 2025 | $419M | 230 | 4 | 1 |
| March 2024 | $382M | 230 | 3 | 1 |
| April 2023 | $360M | 228 | 3 | 1 |
| May 2022 | $417M | 226 | 4 | 1 |
| March 2021 | $347M | 214 | 4 | 1 |
Besides its headquarters, Courage Miller Partners has 0 offices, with 1 listed address in Virginia.
Virginia · 1 listed address
- World Trade Center, 101 W. Main Street, Suite 720, NorfolkHQ
Contact and registration details
- Legal name
- Courage Miller Partners, LLC
- Headquarters
- World Trade Center, 101 W. Main Street, Suite 720, Norfolk, VA 23510
- Website
- Not reported
- Phone
- 757-390-3100
- SEC file
- 801-69242
- Founded
- 2008
- Structure
- Delaware LLC
- Fiscal year end
- December
Courage Miller Partners uses Charles Schwab ($429M) as custodian for its separately managed accounts. Courage Miller Partners has custody of $87.5M in client assets for 71 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $429M100%
At year end, Courage Miller Partners’ separately managed accounts were mostly in funds (88%). Its reported 13F holdings for the quarter ended 30 June 2026 total $379M across 87 positions; the largest are Schwab Strategic TR (13.4%), Schwab Strategic TR (9.0%) and iShares TR (7.6%).
What the accounts hold
- Stocks9%
- Funds88%
- Bonds1%
- Cash2%
Reported 13F holdings
- $379M
- Reported 13F value
- 87
- Positions
- 62.2%
- In the 10 largest
- +7.0%
- Value vs. prior quarter
- Schwab Strategic TR · US Lrg Cap ETF13.4%
- Schwab Strategic TR · Intl Eqty ETF9.0%
- iShares TR · Core 1 5 YR Usd7.6%
- iShares TR · Ishs 1-5yr Invs6.4%
- Schwab Strategic TR · Sht TM US Tres5.4%
- Vanguard BD Index Fds · Total Bnd Mrkt5.1%
- Schwab Strategic TR · US Mid-cap ETF4.4%
- Schwab Strategic TR · US Dividend EQ3.9%
- Invesco Exchange Traded FD T · S&P500 Eql Wgt3.5%
- Schwab Strategic TR · US Sml Cap ETF3.4%
Together, the ten largest are 62.2% of reported value.
How many clients does Courage Miller Partners have?
Courage Miller Partners has 228 clients and manages $481 million for them, as of March 2026. They include 121 individual clients, 101 high-net-worth individuals and 5 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Courage Miller Partners offer?
Courage Miller Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Courage Miller Partners charge?
Courage Miller Partners charges 0.80%–1.25% a year for its Investment advisory services. The fee is billed in advance and is negotiable.
Which custodians does Courage Miller Partners use?
Courage Miller Partners’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $429M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Courage Miller Partners have?
Courage Miller Partners has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Courage Miller Partners invest in?
At the end of its last fiscal year, Courage Miller Partners’ separately managed accounts held 88% registered funds (mutual funds, ETFs, BDCs), 9% exchange-traded equities, 2% cash and equivalents and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Courage Miller Partners?
Courage Miller Partners’ direct owner is Ralph Courage (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Courage Miller Partners get paid?
Courage Miller Partners is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Courage Miller Partners?
Courage Miller Partners’ main office is at World Trade Center, 101 W. Main Street, Suite 720, Norfolk, VA 23510. Its phone number is 757-390-3100.