{"url":"https://nivawealth.com/firms/millennial-advisers-170847","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/170847","regulatoryAum":339355692,"crd":"170847","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2107480","suffix":null,"lastName":"BEAHON","firstName":"DARRELL","middleName":"R"},{"crd":"5529010","suffix":null,"lastName":"Bradley","firstName":"William","middleName":"K"},{"crd":"3258848","suffix":null,"lastName":"DAIGNEAU","firstName":"EDWARD","middleName":"JOHN"},{"crd":"5817734","suffix":null,"lastName":"JOHNSON","firstName":"SCOTT","middleName":"A"},{"crd":"2800410","suffix":null,"lastName":"PARMIGIANI","firstName":"JOHN","middleName":null},{"crd":"7165361","suffix":null,"lastName":"Paulino","firstName":"Brandon","middleName":null},{"crd":"4256776","suffix":null,"lastName":"Riccio","firstName":"John","middleName":"Walter"},{"crd":"4935499","suffix":null,"lastName":"SCHEPERS","firstName":"JOSEPH","middleName":"HENRY"},{"crd":"5937953","suffix":null,"lastName":"STEFANATOS","firstName":"SPIROS","middleName":"GERASIMOS"},{"crd":"5612483","suffix":null,"lastName":"TORABKHAN","firstName":"PETER","middleName":"MICHAEL"},{"crd":"4761381","suffix":null,"lastName":"VULTAGGIO","firstName":"LUIGI","middleName":"SALVATOR"}],"total":11,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-06-29","regulatoryAum":36501136,"clients":247,"employees":14,"offices":5},{"filedOn":"2022-07-28","regulatoryAum":40524453,"clients":198,"employees":16,"offices":5},{"filedOn":"2023-08-07","regulatoryAum":28753479,"clients":238,"employees":16,"offices":5},{"filedOn":"2024-06-18","regulatoryAum":39513416,"clients":285,"employees":15,"offices":5},{"filedOn":"2025-06-18","regulatoryAum":58664613,"clients":297,"employees":13,"offices":6},{"filedOn":"2026-07-20","regulatoryAum":339355692,"clients":363,"employees":14,"offices":7}],"secFileNumber":"801-118627","legalName":"Millennial Advisers, LLC.","displayName":"Millennial Advisers","slug":"millennial-advisers-170847","website":"https://ouradvisers.com/","classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/millennial-advisers-llc","founded":null,"organization":"New York limited liability company","fiscalYearEnd":"December","headquarters":{"street":"Three World Financial, 200 Vesey Street 24th Floor","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10281"},"tradeNames":["Financial Edge, LLC - Dba"],"registration":{"secApproved":"1 May 2020","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":256835.0583090379,"staff":{"employees":14,"advisory":12,"brokerDealerReps":12,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":339355692,"discretionary":339355692,"discretionaryAccounts":449,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":325,"regulatoryAum":53471050},{"label":"High-net-worth individuals","clients":18,"regulatoryAum":34623375},{"label":"Pooled investment vehicles","clients":20,"regulatoryAum":251261267}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":50376042},{"name":"Stonex Financial Inc.","shortName":"Stonex Financial","location":"Winter Park, FL","smaAssets":10075317},{"name":"Interactive Brokers LLC","shortName":"Interactive Brokers","location":"Greenwich, CT","smaAssets":27643066}],"custodyNote":"Millennial Advisers has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Kay Johnson","title":"Chief Compliance Officer","crd":"1583193"},{"name":"John Parmigiani","title":"CEO","crd":"2800410"}],"ownership":[{"label":"Jped Holdings LLC","detail":"Direct owner in the 75% or more ownership band and a control person, since August 2013."},{"label":"Edward Daigneau","detail":"Indirect owner: a member of Jped Holdings LLC in the 25% to 50% band and a control person, since August 2011.","parent":"Jped Holdings LLC"},{"label":"John Parmigiani","detail":"Indirect owner: a member of Jped Holdings LLC in the 25% to 50% band and a control person, since August 2011.","parent":"Jped Holdings LLC"},{"label":"Kay Johnson","detail":"Indirect owner: a member of Jped Holdings LLC in the 25% to 50% band and a control person, since December 2021.","parent":"Jped Holdings LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":6,"privateResidences":3},"listedOfficeAddresses":4,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"2901 W. Coast Highway","city":"Newport Beach"}]},{"state":"New York","offices":2,"addresses":[{"street":"Three World Financial, 200 Vesey Street 24th Floor","city":"New York","headquarters":true},{"street":"37-08 28th Avenue, Suite # 201","city":"Astoria"}]},{"state":"Pennsylvania","offices":1,"addresses":[{"street":"315 2nd Avenue, Ste 203","city":"Warren"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"646-532-2400","stateRegisteredReps":12,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":61},{"label":"U.S. government/agency bonds","percent":4},{"label":"U.S. state and local bonds","percent":4},{"label":"Investment grade corporate bonds","percent":1},{"label":"Derivatives","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":15},{"label":"Cash and cash equivalents","percent":13}],"privateFunds":20},"sources":{"adv1FilingDate":"20 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/170847/PDF/170847.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Millennial Advisers have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Millennial Advisers offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Millennial Advisers use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Millennial Advisers have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Millennial Advisers invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Millennial Advisers?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Millennial Advisers get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Millennial Advisers?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 20 July 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}