Milestone Asset Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars. Financial planning was provided to 1–10 clients last fiscal year.
Milestone Asset Management reports 1,359 clients. They include 1,012 high-net-worth individuals, 335 individual clients, and 10 corporations and other businesses. Of its assets, 100.0% ($691M across 3,229 accounts) are managed with discretion. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 25% | 62% |
| High-net-worth individuals | 74% | 38% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 335 | $425M | 61.6% | $1.27M |
| High-net-worth individuals | 1,012 | $264M | 38.2% | $260K |
| Charitable organizations | Fewer than 5 | $276K | 0.0% | $138K |
| Corporations and other businesses | 10 | $1.68M | 0.2% | $168K |
| Total | 1,359 | $691M | 100% | — |
- Clients
- 335
- Regulatory AUM
- $425M
- AUM share
- 61.6%
- Avg. per client
- $1.27M
- Clients
- 1,012
- Regulatory AUM
- $264M
- AUM share
- 38.2%
- Avg. per client
- $260K
- Clients
- Fewer than 5
- Regulatory AUM
- $276K
- AUM share
- 0.0%
- Avg. per client
- $138K
- Clients
- 10
- Regulatory AUM
- $1.68M
- AUM share
- 0.2%
- Avg. per client
- $168K
Total
- Clients
- 1,359
- Regulatory AUM
- $691M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Milestone Asset Management charges 0.75%–1.50% a year for its Asset Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$750K | 1.50% |
| $750K–$1.5M | 1.25% |
| $1.5M–$3M | 1.00% |
| $3M and above | 0.75% |
Fee details and sources
Other fees
- Financial Planning Services
- Full financial plan: fixed fee of $500 to $4,000; modular plan: fixed fee of $250 to $1,200; negotiable.
Walter West owns 25% to 50% of Milestone Asset Management. The leadership team of Milestone Asset Management includes Chief Compliance Officer Michael Ausherman. It has 13 employees.
Leadership
Michael AushermanManaging Partner & Chief Compliance Officer
Richard BakerManaging Partner- Walter WestMember, Managing Partner
Thomas HayesMember, Managing Partner
Investment adviser representatives
11 representatives listed in the SEC register as of 9 October 2026.
Staff
- 13 employees
- 13 in advisory functions
- 13 state-registered reps
- 13 insurance agents
- Owns 25% to 50% of Milestone Asset Management, LLC
Walter West
Control person · since July 2020
- Owns 25% to 50% of Milestone Asset Management, LLC
Thomas Hayes
Control person · since July 2020
- Owns 25% to 50% of Milestone Asset Management, LLC
The Richard Todd Baker Living Trust, Dated January 19, 2017
since July 2020
Richard Baker
Trustee · Control person · since July 2017
- Owns 25% to 50% of Milestone Asset Management, LLC
The Richard Todd Baker Living
since July 2020
- Owns 25% to 50% of Milestone Asset Management, LLC
The Michael D. Ausherman, JR. Living Trust, Dated June 25, 2015
since July 2020
Michael Ausherman
Trustee · Control person · since June 2015
- Owns 25% to 50% of Milestone Asset Management, LLC
The Michael D. Ausherman, JR.
since July 2020
Milestone Asset Management’s regulatory assets grew 2.7× from $255M (July 2021) to $691M (February 2026); clients rose from 881 to 1,359 and employees fell from 15 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $691M | 1,359 | 13 | 6 |
| May 2025 | $546M | 1,211 | 11 | 5 |
| June 2024 | $446M | 1,082 | 9 | 5 |
| April 2023 | $384M | 1,087 | 7 | 6 |
| March 2022 | $398M | 961 | 15 | 4 |
| July 2021 | $255M | 881 | 15 | 4 |
Besides its headquarters, Milestone Asset Management has 5 offices, with 6 listed addresses across 4 states.
Indiana · 2 listed addresses
- 1825 Dogwood Court, Kokomo
- 1905 S. New Market St, Carmel
Pennsylvania · 2 listed addresses
- 8160 Perry Highway, PittsburghHQ
- 1946 West 26th Street, Erie
Florida · 1 listed address
- 3400 S. Tamiami Trail, Sarasota
Maryland · 1 listed address
- 20251 Century BLVD., Germantown
Other business names
Milestone Asset Management has reported 3 other business names to the SEC.
- Hayes Advisory Group
- Legacy Capital Partners
- West Financial Group
Contact and registration details
- Legal name
- Milestone Asset Management, LLC
- Headquarters
- 8160 Perry Highway, Pittsburgh, PA 15237
- Website
- legacycapitalplanners.com
- Phone
- 412-643-3058
- SEC file
- 801-120519
- Structure
- Pennsylvania LLC
- Fiscal year end
- December
Milestone Asset Management uses Charles Schwab ($691M) as custodian for its separately managed accounts. Milestone Asset Management has custody of $189M in client assets for 857 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $691M100%
At year end, Milestone Asset Management’s separately managed accounts were mostly in stocks (50%) and funds (45%). Its reported 13F holdings for the quarter ended 30 June 2026 total $636M across 262 positions; the largest are First TR Exchng Traded FD VI (6.0%), iShares TR (4.6%) and SPDR Series Trust (3.9%).
What the accounts hold
- Stocks50%
- Funds45%
- Cash5%
Reported 13F holdings
- $636M
- Reported 13F value
- 262
- Positions
- 28.0%
- In the 10 largest
- +17.2%
- Value vs. prior quarter
- First TR Exchng Traded FD VI · FT Ladd Buff ETF6.0%
- iShares TR · 0-3 Mth Treasury4.6%
- SPDR Series Trust · ST Str Rate ETF3.9%
- Apple Inc.3.0%
- iShares TR · Core S&P500 ETF2.2%
- State Str SPDR S&P 500 ETF T · TR Unit2.2%
- First TR Exchng Traded FD VI · FT Vest Deep ETF1.8%
- Nvidia Corporation1.7%
- iShares TR · US Treas BD ETF1.3%
- iShares TR · Systematic BD ET1.3%
Together, the ten largest are 28.0% of reported value.
How many clients does Milestone Asset Management have?
Milestone Asset Management has 1,359 clients and manages $691 million for them, as of February 2026. They include 1,012 high-net-worth individuals, 335 individual clients, and 10 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 February 2026
What services does Milestone Asset Management offer?
Milestone Asset Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Milestone Asset Management charge?
Milestone Asset Management charges 0.75%–1.50% a year for its Asset Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Which custodians does Milestone Asset Management use?
Milestone Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $691M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 February 2026
How many financial advisors does Milestone Asset Management have?
Milestone Asset Management has 13 investment adviser representatives registered with state securities authorities, out of 13 employees, and 13 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 13 employees are 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 Milestone Asset Management invest in?
At the end of its last fiscal year, Milestone Asset Management’s separately managed accounts held 50% exchange-traded equities, 45% registered funds (mutual funds, ETFs, BDCs) and 5% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Milestone Asset Management?
Milestone Asset Management’s direct owners are Walter West, Thomas Hayes, the Richard Todd Baker Living Trust, Dated January 19, 2017, the Richard Todd Baker Living, the Michael D. Ausherman, JR. Living Trust, Dated June 25, 2015 and the Michael D. Ausherman, JR., each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 20 February 2026
How does Milestone Asset Management get paid?
Milestone Asset Management is paid through a percentage of assets under management, hourly charges and fixed fees. 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
Is Milestone Asset Management registered with the SEC?
Yes, Milestone Asset Management has been registered with the SEC as an investment adviser since 14 July 2021. Its CRD number is 310441 and its SEC file number is 801-120519.
Source: Form ADV Part 1A, Item 1, filed 20 February 2026; IAPD firm record
How do I contact Milestone Asset Management?
Milestone Asset Management’s main office is at 8160 Perry Highway, Pittsburgh, PA 15237. Its phone number is 412-643-3058. Its website is legacycapitalplanners.com.