Squar Milner Financial Services, LLC (Irvine)

Name: Squar Milner Financial Services, LLC
Address: 18500 Von Karman Avenue, Irvine, CA, 92612 0527
Telephone: 949-222-2999

Squar Milner Financial Services, LLC is a large advisory firm based in Irvine. It manages $266.74 million of regulatory assets for 657 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Michigan, and 3 other states.

Squar Milner Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Squar Milner Financial Services: assets under management

The assets under management (AUM) of Squar Milner Financial Services, LLC is $266.74 million. The firm's AUM has grown by 139% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $241.32 million in discretionary accounts and $25.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $416.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $325.98 thousand.

Squar Milner Financial Services has custody of $28.51 million in cash and securities for 22 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Squar Milner Financial Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Squar Milner Financial Services serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Squar Milner Financial Services is high net worth individuals with 139 clients and $215.77 million of assets under management. Among the 11 most similar advisory firms, Squar Milner Financial Services has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $266.74 million for 298 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Squar Milner Financial Services doesn't advise any private funds.

Careers at Squar Milner Financial Services, LLC

The company employs 11 people that are either part- or full-time employees. 82 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Paul Milner	Managing partner	1 Nov 1990	Other	3266515
Stephen Paul Milner	Managing member	1 Aug 1999	Other	3266515
Alec Bruce Abbott	Chief compliance officer	1 Mar 2000	Other	1414999
Craig Weaver	Managing member	1 Nov 2003	Other	xxx-xx-xxxx
Ernesto Miranda	Managing member	1 May 2004	Other	xxx-xx-xxxx
Squar Milner Llp	Owner	1 Jan 2017	75% - 100%	33-0835986

Based in Irvine

The principal office where Squar Milner Financial Services, LLC performs its advisory services is located at 18500 Von Karman Avenue, Irvine, CA 92612 0527, which is also the mailing address of the firm. An additional office of the firm is in Encino, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 949-222-2999 or by fax 949-222-2997. The normal business hours are 8:30am-5:30pm on Monday - Friday. You can find more information about the New York firm at squarmilner.com.