Millennial Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Millennial Wealth Advisors reports 45 clients. They include 29 high-net-worth individuals, 12 corporations and other businesses, and 2 individual clients. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $146M across 49 accounts are not. Of its clients, 2% are outside the U.S. It advised 11 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 4% | <1% |
| High-net-worth individuals | 64% | 48% |
| Charitable organizations | 4% | 12% |
| Corporations and other businesses | 27% | 39% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | Fewer than 5 | $487K | 0.3% | $244K |
| High-net-worth individuals | 29 | $70.8M | 48.5% | $2.44M |
| Charitable organizations | Fewer than 5 | $17.3M | 11.8% | $8.64M |
| Corporations and other businesses | 12 | $57.5M | 39.3% | $4.79M |
| Total | 45 | $146M | 100% | — |
- Clients
- Fewer than 5
- Regulatory AUM
- $487K
- AUM share
- 0.3%
- Avg. per client
- $244K
- Clients
- 29
- Regulatory AUM
- $70.8M
- AUM share
- 48.5%
- Avg. per client
- $2.44M
- Clients
- Fewer than 5
- Regulatory AUM
- $17.3M
- AUM share
- 11.8%
- Avg. per client
- $8.64M
- Clients
- 12
- Regulatory AUM
- $57.5M
- AUM share
- 39.3%
- Avg. per client
- $4.79M
Total
- Clients
- 45
- Regulatory AUM
- $146M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 2%
- Clients advised without assets under management last fiscal year
- 11
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Millennial Wealth Advisors is paid through a percentage of assets under management, hourly charges and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Charles Heekin owns 75% or more of Millennial Wealth Advisors. The leadership team of Millennial Wealth Advisors includes President Charles Heekin. It has 2 employees.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Millennial Wealth Advisors, LLC
Charles Heekin
Control person · since November 2014
Besides its headquarters, Millennial Wealth Advisors has 1 office, with 2 listed addresses in 1 state.
Illinois · 1 listed address
- 231 South Lasalle Street, Chicago
Choose a state to see its listed addresses.
Other business names
Millennial Wealth Advisors has reported 1 other business name to the SEC.
- Millennial Wealth Advisors
Contact and registration details
- Legal name
- Millennial Wealth Advisors, LLC
- Headquarters
- Not reported
- Website
- millennialwealthadvisors.com
- Phone
- 312-637-1850
- @millennial-wealth-advisors
- SEC file
- 801-136267
- Structure
- Florida LLC
- Fiscal year end
- December
Millennial Wealth Advisors’ named custodians for separately managed accounts are Charles Schwab ($106M, 72%) and PNC Wealth Management ($40.3M, 28%). Millennial Wealth Advisors has custody of $49.3M for 7 clients.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $106M72%
- PNC Wealth ManagementPNC Wealth Management LLC · Pittsburgh, PA · $40.3M28%
At year end, Millennial Wealth Advisors’ separately managed accounts were mostly in funds (54%) and stocks (43%).
What the accounts hold
- Stocks43%
- Exchange-traded equities41%
- Non-exchange-traded equities2%
- Funds54%
- Bonds1%
- Cash3%
How many clients does Millennial Wealth Advisors have?
Millennial Wealth Advisors has 45 clients and manages $146 million for them, as of April 2026. They include 29 high-net-worth individuals, 12 corporations and other businesses, and 2 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 April 2026
What services does Millennial Wealth Advisors offer?
Millennial Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Millennial Wealth Advisors use?
Millennial Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $106M and PNC Wealth Management LLC (Pittsburgh, PA), with $40.3M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 April 2026
How many financial advisors does Millennial Wealth Advisors have?
Millennial Wealth Advisors has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 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 Millennial Wealth Advisors invest in?
At the end of its last fiscal year, Millennial Wealth Advisors’ separately managed accounts held 54% registered funds (mutual funds, ETFs, BDCs), 41% exchange-traded equities, 3% cash and equivalents, 2% non-exchange-traded equities and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Millennial Wealth Advisors?
Millennial Wealth Advisors’ direct owner is Charles Heekin (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 April 2026
How does Millennial Wealth Advisors get paid?
Millennial Wealth Advisors is paid through a percentage of assets under management, hourly charges and performance-based fees. Its Form ADV lists no commissions 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 Wealth Advisors?
Its phone number is 312-637-1850. Its website is millennialwealthadvisors.com.