Millennial Advisers provides portfolio management for individuals and small businesses and portfolio management for pooled vehicles. The firm advises 20 private funds.
Millennial Advisers reports 363 clients. They include 325 individual clients, 20 pooled investment vehicles and 18 high-net-worth individuals. Of its assets, 100.0% ($339M across 449 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 90% | 16% |
| High-net-worth individuals | 5% | 10% |
| Pooled investment vehicles | 6% | 74% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 325 | $53.5M | 15.8% | $165K |
| High-net-worth individuals | 18 | $34.6M | 10.2% | $1.92M |
| Pooled investment vehicles | 20 | $251M | 74.0% | $12.6M |
| Total | 363 | $339M | 100% | $935K |
- Clients
- 325
- Regulatory AUM
- $53.5M
- AUM share
- 15.8%
- Avg. per client
- $165K
- Clients
- 18
- Regulatory AUM
- $34.6M
- AUM share
- 10.2%
- Avg. per client
- $1.92M
- Clients
- 20
- Regulatory AUM
- $251M
- AUM share
- 74.0%
- Avg. per client
- $12.6M
Total
- Clients
- 363
- Regulatory AUM
- $339M
- AUM share
- 100%
- Avg. per client
- $935K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 20
Millennial Advisers is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
Jped Holdings LLC owns 75% or more of Millennial Advisers and is in turn owned by Edward Daigneau (25–50%), John Parmigiani (25–50%) and Kay Johnson (25–50%). The leadership team of Millennial Advisers includes Chief Compliance Officer Kay Johnson. It has 14 employees, 12 of them in advisory roles.
Leadership
- Kay JohnsonChief Compliance Officer
- John ParmigianiCEO
Investment adviser representatives
11 representatives listed in the SEC register as of 9 October 2026.
- Darrell R Beahon
- William K Bradley
- Edward John Daigneau
- Scott A Johnson
- John Parmigiani
- Brandon Paulino
- John Walter Riccio
- Joseph Henry Schepers
- Spiros Gerasimos Stefanatos
- Peter Michael Torabkhan
- Luigi Salvator Vultaggio
Staff
- 14 employees
- 12 in advisory functions
- 12 state-registered reps
- 12 broker-dealer reps
- 3 insurance agents
- Owns 75% or more of Millennial Advisers, LLC.
Jped Holdings LLC
Control person · since August 2013
- Owns 25% to 50% of Jped Holdings LLC
Edward Daigneau
Control person · since August 2011
- Owns 25% to 50% of Jped Holdings LLC
John Parmigiani
Control person · since August 2011
- Owns 25% to 50% of Jped Holdings LLC
Kay Johnson
Control person · since December 2021
Millennial Advisers’ regulatory assets grew 9.3× from $36.5M (June 2021) to $339M (July 2026); clients rose from 247 to 363 and employees were 14 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $339M | 363 | 14 | 7 |
| June 2025 | $58.7M | 297 | 13 | 6 |
| June 2024 | $39.5M | 285 | 15 | 5 |
| August 2023 | $28.8M | 238 | 16 | 5 |
| July 2022 | $40.5M | 198 | 16 | 5 |
| June 2021 | $36.5M | 247 | 14 | 5 |
Besides its headquarters, Millennial Advisers has 6 offices (3 private residences, listed without an address), with 4 listed addresses in California, New York and Pennsylvania.
New York · 2 listed addresses
- Three World Financial, 200 Vesey Street 24th Floor, New YorkHQ
- 37-08 28th Avenue, Suite # 201, Astoria
California · 1 listed address
- 2901 W. Coast Highway, Newport Beach
Pennsylvania · 1 listed address
- 315 2nd Avenue, Ste 203, Warren
Other business names
Millennial Advisers has reported 1 other business name to the SEC.
- Financial Edge, LLC - Dba
Contact and registration details
- Legal name
- Millennial Advisers, LLC.
- Headquarters
- Three World Financial, 200 Vesey Street 24th Floor, New York, NY 10281
- Website
- ouradvisers.com
- Phone
- 646-532-2400
- @millennial-advisers-llc
- SEC file
- 801-118627
- Structure
- New York LLC
- Fiscal year end
- December
Millennial Advisers uses Charles Schwab ($50.4M, 57%), Interactive Brokers ($27.6M, 31%) and Stonex Financial ($10.1M, 11%) as custodians for its separately managed accounts. Millennial Advisers has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $50.4M57%
- Stonex FinancialStonex Financial Inc. · Winter Park, FL · $10.1M11%
- Interactive BrokersInteractive Brokers LLC · Greenwich, CT · $27.6M31%
At year end, Millennial Advisers’ separately managed accounts were mostly in stocks (61%) and funds (15%).
What the accounts hold
- Stocks61%
- Funds15%
- Bonds9%
- U.S. government and agency bonds4%
- State and local bonds4%
- Investment grade corporate bonds1%
- Cash13%
- Other2%
- Derivatives2%
How many clients does Millennial Advisers have?
Millennial Advisers has 363 clients and manages $339 million for them, as of July 2026. They include 325 individual clients, 20 pooled investment vehicles and 18 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 July 2026
What services does Millennial Advisers offer?
Millennial Advisers provides portfolio management for individuals and small businesses and portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Millennial Advisers use?
Millennial Advisers’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $50.4M, Interactive Brokers LLC (Greenwich, CT), with $27.6M and Stonex Financial Inc. (Winter Park, FL), with $10.1M. 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 July 2026
How many financial advisors does Millennial Advisers have?
Millennial Advisers has 12 investment adviser representatives registered with state securities authorities, out of 14 employees, and 12 perform investment advisory functions. 12 employees are registered representatives of a broker-dealer and 3 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 Millennial Advisers invest in?
At the end of its last fiscal year, Millennial Advisers’ separately managed accounts held 61% exchange-traded equities, 15% registered funds (mutual funds, ETFs, BDCs), 13% cash and equivalents, 4% U.S. government and agency bonds, 4% state and local bonds, 2% derivatives and 1% investment grade corporate bonds. It advises 20 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Millennial Advisers?
Millennial Advisers is owned through a holding company by Edward Daigneau, John Parmigiani and Kay Johnson. Its direct owner is Jped Holdings LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 July 2026
How does Millennial Advisers get paid?
Millennial Advisers is paid through a percentage of assets under management. 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 Millennial Advisers?
Millennial Advisers’ main office is at Three World Financial, 200 Vesey Street 24th Floor, New York, NY 10281. Its phone number is 646-532-2400. Its website is ouradvisers.com.