Millington Financial Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, educational seminars, education planning, estate planning, insurance, tax planning, and tax preparation.
Millington Financial Advisors reports 187 clients. They include 145 individual clients and 42 high-net-worth individuals. Of its assets, 95.8% ($279M across 534 accounts) are managed with discretion; $12.1M across 20 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 78% | 42% |
| High-net-worth individuals | 22% | 58% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 145 | $123M | 42.2% | $848K |
| High-net-worth individuals | 42 | $168M | 57.8% | $4.01M |
| Total | 187 | $291M | 100% | $1.56M |
- Clients
- 145
- Regulatory AUM
- $123M
- AUM share
- 42.2%
- Avg. per client
- $848K
- Clients
- 42
- Regulatory AUM
- $168M
- AUM share
- 57.8%
- Avg. per client
- $4.01M
Total
- Clients
- 187
- Regulatory AUM
- $291M
- AUM share
- 100%
- Avg. per client
- $1.56M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Millington Financial Advisors charges up to 1.00% a year for its Investment Management Fee. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Pension Consulting Services
- Retirement plan advisory fees are negotiated with the plan sponsor under a separate agreement and are typically billed quarterly.
- Tax Planning and Tax Return Preparation
- Tax planning services carry a maximum fee of $2,500, which may be waived at the advisor's discretion; tax return preparation is billed on time spent.
Charles Millington owns 50% to 75% of Millington Financial Advisors. The leadership team of Millington Financial Advisors includes President Charles Millington. It has 11 employees, 5 of them in advisory roles.
Leadership
- Charles MillingtonPresident / CCO
- Charles MillingtonCEO
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- David Krist
- Carter Francis Millington
- Charles Glenn Millington
- Charles Francis Millington
- Charles J Millington
Staff
- 11 employees
- 5 in advisory functions
- 5 state-registered reps
- 1 insurance agent
- Owns 50% to 75% of Millington Financial Advisors, LLC
Charles Millington
Control person · since January 2011
Millington Financial Advisors’ regulatory assets grew 2.0× from $143M (March 2022) to $291M (August 2026); clients rose from 119 to 187 and employees from 4 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $291M | 187 | 11 | 1 |
| March 2025 | $224M | 171 | 7 | 1 |
| January 2024 | $158M | 130 | 4 | 1 |
| March 2023 | $127M | 139 | 4 | 1 |
| March 2022 | $143M | 119 | 4 | 1 |
Besides its headquarters, Millington Financial Advisors has 0 offices, with 1 listed address in Illinois.
Illinois · 1 listed address
- 55 Shuman BLVD, Suite 1050, NapervilleHQ
Contact and registration details
- Legal name
- Millington Financial Advisors, LLC
- Headquarters
- 55 Shuman BLVD, Suite 1050, Naperville, IL 60563
- Website
- Not reported
- Phone
- 630-922-7900
- SEC file
- 801-124802
- Founded
- 2011
- Structure
- Illinois LLC
- Fiscal year end
- December
Millington Financial Advisors uses Charles Schwab ($2.78B) as custodian for its separately managed accounts. Millington Financial Advisors has custody of $71.6M in client assets for 91 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 · $2.78B100%
At year end, Millington Financial Advisors’ separately managed accounts were mostly in funds (59%) and stocks (27%). Its reported 13F holdings for the quarter ended 30 June 2026 total $254M across 128 positions; the largest are SPDR Series Trust (6.4%), SPDR Index Shs Fds (6.2%) and SPDR Series Trust (5.7%).
What the accounts hold
- Stocks27%
- Funds59%
- Bonds8%
- Cash1%
- Other4%
- Variable annuity4%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $254M
- Reported 13F value
- 128
- Positions
- 41.1%
- In the 10 largest
- +7.1%
- Value vs. prior quarter
- SPDR Series Trust · ST Str P500grw6.4%
- SPDR Index Shs Fds · ST Str PO EX ETF6.2%
- SPDR Series Trust · ST Str P500val5.7%
- SPDR Series Trust · ST Str P400mid3.7%
- ETF Ser Solutions · Defia Quant ETF3.6%
- SPDR Index Shs Fds · ST Port Mark ETF3.5%
- SPDR Series Trust · ST Str Sp600 Sml3.4%
- Blackrock ETF Trust · iShares US Equit3.1%
- State Str SPDR S&P 500 ETF T · TR Unit2.9%
- Innovator ETFS Trust · US Equity Accele2.4%
Together, the ten largest are 41.1% of reported value.
How many clients does Millington Financial Advisors have?
Millington Financial Advisors has 187 clients and manages $291 million for them, as of August 2026. They include 145 individual clients and 42 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 August 2026
What services does Millington Financial Advisors offer?
Millington Financial Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, educational seminars, education planning, estate planning, insurance, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Millington Financial Advisors charge?
Millington Financial Advisors charges up to 1.00% a year for its Investment Management Fee. The fee is billed in advance and is negotiable.
Source: 2A BROCHURE, filed 31 March 2026
Which custodians does Millington Financial Advisors use?
Millington Financial Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $2.78B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 August 2026
How many financial advisors does Millington Financial Advisors have?
Millington Financial Advisors has 5 investment adviser representatives registered with state securities authorities, out of 11 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Millington Financial Advisors invest in?
At the end of its last fiscal year, Millington Financial Advisors’ separately managed accounts held 59% registered funds (mutual funds, ETFs, BDCs), 27% exchange-traded equities, 8% investment grade corporate bonds, 4% other and 1% cash and equivalents. The 4% other category is described as: Variable Annuity.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Millington Financial Advisors?
Millington Financial Advisors’ direct owner is Charles Millington (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 4 August 2026
How does Millington Financial Advisors get paid?
Millington Financial Advisors is paid through a percentage of assets under management 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 Millington Financial Advisors registered with the SEC?
Yes, Millington Financial Advisors has been registered with the SEC as an investment adviser since 29 April 2022. Its CRD number is 156315 and its SEC file number is 801-124802.
Source: Form ADV Part 1A, Item 1, filed 4 August 2026; IAPD firm record
How do I contact Millington Financial Advisors?
Millington Financial Advisors’ main office is at 55 Shuman BLVD, Suite 1050, Naperville, IL 60563. Its phone number is 630-922-7900.