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Millennial Wealth Advisors

Updated today

Client assets under management

$71,308,431

Clients

31

94% high-net-worth

Advisors

2

of 2 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

16

Very Low

Average account size

$2,300,272

About

Millennial Wealth Advisors is an SEC‑registered investment adviser that serves individuals, high‑net‑worth clients, family offices, pension and profit‑sharing plans, trusts, and other entities. The firm provides portfolio management, consolidated reporting, and access to third‑party model portfolios and private placements, typically working with mutual funds, ETFs, equities, options, debt securities and other pooled vehicles; it generally requires a $2,000,000 relationship minimum but may waive it in certain cases.

The firm’s investment process emphasizes technical analysis and employs both long‑ and short‑term trading strategies, with use of sub‑advisers and model portfolios for day‑to‑day trading and back‑office support. Millennial Wealth states it takes limited discretionary authority but reports approximately $146,048,654 in non‑discretionary assets and $0 in discretionary assets, so advisors primarily recommend trades for client approval rather than exercising full trading discretion.

Noteworthy distinctions include the firm’s essentially all non‑discretionary AUM and a small client base (two advisors serving 31 clients), which differs from most peers that manage discretionary portfolios; these facts may affect how investment decisions are implemented and reviewed. Although the firm’s ADV indicates it does not accept performance‑based fees, the managing partner holds a minority ownership interest in a general partner that participates in performance‑based fees from certain private investment vehicles, a potential conflict identified in the brochure that clients should consider.

Client services

Financial planning Portfolio management Selection of other advisers

Expertise

Private / alternative investments Concentrated stock management Options & derivatives strategies Factor investing / smart beta

Demographic focus

Gen Y/Millennials (Born 1980-1995)

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Fee options

Percentage

$0+: Up to 1.00% annually +: Up to 2.00% annually for accounts invested in complex financial instruments and alternative investments +: Up to 0.15% additional fee for consolidated reporting services (optional)

Other

Account minimum: $2,000,000

Main office location

Millennial Wealth Advisors

Delray Beach FL, United States

Number of offices

2

Most active in

Florida · Illinois · Ohio

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Charles H

Series 63, Series 65

Delray Beach, FL

Millennial Wealth Advisors

Charles Heekin is a financial advisor with Millennial Wealth Advisors in Delray Beach, FL, holding Series 63 and Series 65 credentials and bringing 13 years of industry experience. He has been with Millennial Wealth Advisors since 2014. Millennial Wealth Advisors serves individual and high-net-worth clients, businesses, retirement plans, and charitable organizations with financial planning, investment consultation, and customized portfolio management. The firm uses a combination of fundamental, technical, and statistical analysis to build personalized portfolios and primarily manages assets on a non-discretionary basis, emphasizing documented client objectives and approval before implementing changes.

Private / alternative investments Concentrated stock management Options & derivatives strategies Factor investing / smart beta Gen Y/Millennials (Born 1980-1995)
user avatar

Mario T

Series 65

Chicago, IL

Millennial Wealth Advisors

Mario Tate is a Series 65-licensed financial advisor at Millennial Wealth Advisors in Chicago, IL, with nine years of industry experience. He has been with Millennial Wealth Advisors since 2018 and previously worked at Banyan Tree Investment Consulting, LLC and Tatewick Enterprises. Millennial Wealth Advisors serves individual and high-net-worth clients, businesses, retirement plans, and charitable organizations by providing financial planning, investment consultation, and customized portfolio management. The firm uses a combination of fundamental, technical, and statistical analysis with active, Core+Satellite, and passive strategies, primarily managing assets on a non-discretionary basis.

Private / alternative investments Concentrated stock management Options & derivatives strategies Factor investing / smart beta Gen Y/Millennials (Born 1980-1995)
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