MiLLCreek Asset Management LLC (Jackson)

Name: MiLLCreek Asset Management LLC
Address: 690 S. Us Highway 89 #11449, Jackson, WY, 83002
Telephone: 307-201-6275

MiLLCreek Asset Management LLC is a large advisory firm based in Jackson. It manages $134.38 million of regulatory assets for 68 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Illinois, Texas, and Utah.

MiLLCreek Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

MiLLCreek Asset Management: assets under management

The assets under management (AUM) of MiLLCreek Asset Management LLC is $134.38 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 216% since the beginning of its operation, and $1.45 million of the total AUM is attributable to clients outside of the United States.

The firm manages $134.38 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.98 million each.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay MiLLCreek Asset Management LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients MiLLCreek Asset Management serves?

The only and largest group of clients of MiLLCreek Asset Management is high net worth individuals with 11 clients and $9.09 million of assets under management. Among the 9 most similar advisory firms, MiLLCreek Asset Management has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $9.09 million for 11 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

MiLLCreek Asset Management doesn't advise any private funds.

Careers at MiLLCreek Asset Management LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Taylor Holley	Managing member	1 Aug 2012	50% - 75%	5386134
Michael James Thornton	Managing member - cco	1 Aug 2012	50% - 75%	5381786
Michael Thornton	Managing member - cco	1 Aug 2012	50% - 75%	5381786

Based in Jackson

The principal office where MiLLCreek Asset Management LLC performs its advisory services is located at 690 S. Us Highway 89 #11449, Jackson, WY 83002 The mailing address of the firm is Po Box 11449, Jackson, WY 83002. An additional office of the firm is in Salt Lake City, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 307-201-6275 or by fax 307-201-6278. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at millcreek-mgmt.com.