Miracle Mile Advisors, the LA-based national RIA managing $6.5 billion in assets, is aligning its fortunes with those of Chicago's burgeoning tech scene with its latest office location.
On Monday, the firm announced the opening of a new office in Chicago, marking the latest move to strengthen its wealth management services in the Midwest.
In a statement, Miracle Mile CEO Bruce Milam emphasized the strategic significance posed by the region’s growing base of high-net-worth clients, particularly those within the technology sector.
“Chicago and the surrounding area is a vibrant locale that presents an exciting opportunity for Miracle Mile,” Milam said. “Our team's expertise in serving diverse high-net-worth clients, combined with our strategic investment capabilities led by CIO Matt Dmytryszyn, allows us to deliver unparalleled value to Chicago's sophisticated investor base.”
The firm's new office bolsters its presence in the Windy City, following its addition of the ultra-high-net-worth team at Advisory Partners in February.
Dmytryszyn, who joined Miracle Mile earlier this year after serving as CIO at Telemus Capital, will take charge of the newly placed Chicago team. With more than 25 years of experience, he plays a central role in driving the firm's investment strategy and research.
While the firm emphasized its experience in catering to tech industry professionals, specifically with customized strategies for managing concentrated stock positions and tax-efficient financial planning, the firm said its "comprehensive suite of services" also positions it well to address other high-net-worth clients' needs.
“We’re committed to growing our presence here, both by serving clients and by attracting top advisory talent who share our vision for personalized wealth management,” Milam added.
Founded in 2007 and headquartered in Los Angeles, Miracle Mile now has offices in Los Angeles, San Francisco, New York, San Diego, Seattle, Baltimore, Portland, Oregon, and Chicago.
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