McMillan Capital Management, LLC

McMillan Capital Management provides discretionary investment management and portfolio planning primarily for individuals, high net worth clients, trusts, family entities, and charitable organizations. The firm documents each client’s objectives in an Investment Policy Statement and offers services common to peers — portfolio management, asset-allocation planning, and consolidation assistance — generally under percentage-of-AUM fee arrangements.

The firm’s investment process is fundamentally driven, focusing on estimates of intrinsic value and long- and short-term security selection, and it implements strategies across equities, fixed income, ETFs, options (including covered and uncovered writing), and private fund holdings. Portfolios are customized for tax efficiency and may include non-marketable investments such as hedge funds, private equity, and private real estate when appropriate to client circumstances.

Notable differences from many peers include the firm’s small, principal-led structure (two owners managing roughly $94 million across a limited client base) and its explicit offering of performance-based fee arrangements — a 25% fee on net excess appreciation subject to a 6% annual hurdle and a high-watermark mechanism — which the brochure states can replace a traditional management fee. The combination of a boutique team, permissibility of complex instruments and private placements, and the availability of performance-fee contracts distinguishes McMillan from larger, fee-only wealth managers.