Miracle Mile Advisors adds $300 million Palo Capital

Acquisition brings AUM to $1.5 billion; extends Los Angeles footprint to Orange County

Jan 16, 2019 @ 11:00 am

By InvestmentNews

Miracle Mile Advisors, a registered investment adviser based in Los Angeles that manages $1.2 billion in assets, has acquired Palo Capital of Newport Beach, Calif., which manages $300 million in assets for about 150 clients.

Palo Capital's four-person team of partners and investment professionals all made the move. The firm was founded in 2005.

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