The Millstone Evans Group provides financial planning, portfolio management for individuals and small businesses, selecting other managers, publishing newsletters, educational seminars, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 51–100 clients last fiscal year.
The Millstone Evans Group reports 654 clients. They include 420 individual clients, 210 high-net-worth individuals and 12 charitable organizations. Of its assets, 100.0% ($893M across 2,677 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $893M. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 64% | 15% |
| High-net-worth individuals | 32% | 83% |
| Charitable organizations | 2% | 1% |
| Corporations and other businesses | 2% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 420 | $132M | 14.7% | $313K |
| High-net-worth individuals | 210 | $742M | 83.0% | $3.53M |
| Charitable organizations | 12 | $11M | 1.2% | $916K |
| Corporations and other businesses | 12 | $9.28M | 1.0% | $773K |
| Total | 654 | $893M | 100% | $1.37M |
- Clients
- 420
- Regulatory AUM
- $132M
- AUM share
- 14.7%
- Avg. per client
- $313K
- Clients
- 210
- Regulatory AUM
- $742M
- AUM share
- 83.0%
- Avg. per client
- $3.53M
- Clients
- 12
- Regulatory AUM
- $11M
- AUM share
- 1.2%
- Avg. per client
- $916K
- Clients
- 12
- Regulatory AUM
- $9.28M
- AUM share
- 1.0%
- Avg. per client
- $773K
Total
- Clients
- 654
- Regulatory AUM
- $893M
- AUM share
- 100%
- Avg. per client
- $1.37M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
The Millstone Evans Group is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Stand-alone financial planning or consulting is a flat fee or hourly rate negotiated per engagement, generally subject to a maximum of $4,000.
Sacha Millstone owns 75% or more of The Millstone Evans Group. The leadership team of The Millstone Evans Group includes Chief Compliance Officer Byron Wilson. It has 8 employees.
Staff
- 8 employees
- 8 in advisory functions
- 8 state-registered reps
- 2 insurance agents
- Owns 75% or more of The Millstone Evans Group, LLC
Sacha Millstone
Control person · since May 2020
The Millstone Evans Group’s regulatory assets grew from $651M (March 2021) to $893M (July 2026); clients rose from 537 to 654 and employees fell from 11 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $893M | 654 | 8 | 2 |
| May 2025May 2025 | $778M | 625 | 13 | 3 |
| Apr 2024April 2024 | $700M | 799 | 10 | 4 |
| Jul 2023July 2023 | $623M | 587 | 11 | 2 |
| Mar 2022March 2022 | $731M | 565 | 12 | 2 |
| Mar 2021March 2021 | $651M | 537 | 11 | 2 |
Besides its headquarters, The Millstone Evans Group has 1 office, with 2 listed addresses in 1 state.
Colorado · 2 listed addresses
- 4940 Pearl East Circle, Suite 302, BoulderHQ
- 1401 17th Street, Denver
Contact and registration details
- Legal name
- The Millstone Evans Group, LLC
- Headquarters
- 4940 Pearl East Circle, Suite 302, Boulder, CO 80301
- Website
- millstoneevansgroup.com
- Phone
- 720-728-2801
- @the-millstone-evans-group
- SEC file
- 801-119896
- Founded
- 2020
- Structure
- Colorado LLC
- Fiscal year end
- December
The Millstone Evans Group’s named custodian for separately managed accounts is Raymond James ($893M). The Millstone Evans Group has custody of $22.3M for 27 clients.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersburg, FL · $893M100%
At year end, The Millstone Evans Group’s separately managed accounts were mostly in funds (51%) and stocks (28%). Its reported 13F holdings for the quarter ended 30 June 2026 total $185M across 877 positions; the largest are Nvidia Corporation (8.7%), Apple Incorporated (8.2%) and Impax Global Sustainable Infrastructure ETF (5.7%).
What the accounts hold
- Stocks28%
- Funds51%
- Bonds7%
- State and local bonds3%
- U.S. government and agency bonds2%
- Investment grade corporate bonds1%
- High-yield corporate bonds1%
- Cash14%
How many clients does The Millstone Evans Group have?
The Millstone Evans Group has 654 clients and manages $893 million for them, as of July 2026. They include 420 individual clients, 210 high-net-worth individuals and 12 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 8 July 2026
What services does The Millstone Evans Group offer?
The Millstone Evans Group provides financial planning, portfolio management for individuals and small businesses, selecting other managers, publishing newsletters, educational seminars, education planning, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does The Millstone Evans Group use?
The Millstone Evans Group’s separately managed account assets are held at Raymond James & Associates, Inc. (St. Petersburg, FL), with $893M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 July 2026
How many financial advisors does The Millstone Evans Group have?
The Millstone Evans Group has 8 investment adviser representatives registered with state securities authorities, out of 8 employees, and 8 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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 The Millstone Evans Group invest in?
At the end of its last fiscal year, The Millstone Evans Group’s separately managed accounts held 51% registered funds (mutual funds, ETFs, BDCs), 28% exchange-traded equities, 14% cash and equivalents, 3% state and local bonds, 2% U.S. government and agency bonds, 1% investment grade corporate bonds and 1% high-yield 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 The Millstone Evans Group?
The Millstone Evans Group’s direct owner is Sacha Millstone (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 8 July 2026
How does The Millstone Evans Group get paid?
The Millstone Evans Group 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
How do I contact The Millstone Evans Group?
The Millstone Evans Group’s main office is at 4940 Pearl East Circle, Suite 302, Boulder, CO 80301. Its phone number is 720-728-2801. Its website is millstoneevansgroup.com.
