{"url":"https://nivawealth.com/firms/millennial-wealth-advisors-174201","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/174201","regulatoryAum":146048654,"crd":"174201","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1737715","suffix":"II","lastName":"HEEKIN","firstName":"CHARLES","middleName":"LEWIS"},{"crd":"4562061","suffix":null,"lastName":"TATE","firstName":"MARIO","middleName":"LEO"}],"total":2,"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"},"secFileNumber":"801-136267","legalName":"Millennial Wealth Advisors, LLC","displayName":"Millennial Wealth Advisors","slug":"millennial-wealth-advisors-174201","website":"https://millennialwealthadvisors.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/174201/31d687248f829c27-r1.webp","tone":"light","width":330,"height":200,"sourceUrl":"https://www.millennialwealthadvisors.com","sourceLabel":"Millennial Wealth Advisors, website"},"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_wealth_manager","typeLabel":"OCIO / institutional wealth","feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/millennial-wealth-advisors/","founded":null,"organization":"Florida limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":["Millennial Wealth Advisors"],"registration":{"secApproved":"14 May 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":146048654,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":146048654,"nonDiscretionaryAccounts":49,"wrapProgram":null,"nonUsClientsPct":2,"nonAumClients":11},"clientTypes":[{"label":"Individuals (other than HNW)","clients":2,"fewerThan5":true,"regulatoryAum":487261},{"label":"High-net-worth individuals","clients":29,"regulatoryAum":70821170},{"label":"Charitable organizations","clients":2,"fewerThan5":true,"regulatoryAum":17288160},{"label":"Corporations and other businesses","clients":12,"regulatoryAum":57452063}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":105701507},{"name":"PNC Wealth Management LLC","shortName":"PNC Wealth Management","location":"Pittsburgh, PA","smaAssets":40347148}],"custodyNote":"Millennial Wealth Advisors has custody of $49.3M for 7 clients.","otherCustodians":[],"leadership":[{"name":"Charles Heekin","title":"President/Managing Partner/Chief Compliance Officer/Managing Member","crd":"1737715"}],"ownership":[{"label":"Charles Heekin","detail":"President/managing partner/chief compliance officer/managing member in the 75% or more ownership band and a control person, since November 2014."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"231 South Lasalle Street","city":"Chicago"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"312-637-1850","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Performance-based fees"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":41},{"label":"Non-exchange-traded equity securities","percent":2},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":54},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"16 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/174201/PDF/174201.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 Wealth Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Millennial Wealth Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Millennial Wealth Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Millennial Wealth Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Millennial Wealth Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Millennial Wealth Advisors?","answer":"Millennial Wealth Advisors’ direct owner is Charles Heekin (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 16 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Millennial Wealth Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Millennial Wealth Advisors?","answer":"Its phone number is 312-637-1850. Its website is millennialwealthadvisors.com.","source":"Form ADV Part 1A, Item 1.F, filed 16 April 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."}