Miller Value Partners, LLC (Baltimore)

Name: Miller Value Partners, LLC
Address: One South Street, Baltimore, MD, 21202
Telephone: 410-454-3130

Miller Value Partners, LLC is a large advisory firm based in Baltimore. It manages $2.32 billion of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California and Maryland.

Miller Value Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Miller Value Partners: assets under management

The assets under management (AUM) of Miller Value Partners, LLC is $2.32 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 17205% since the beginning of its operation, and $241.29 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.32 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $100.82 million each.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is investment and business development companies, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Miller Value Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Miller Value Partners serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Miller Value Partners is investment companies with 2 clients and $1.63 billion of assets under management. Among the 6 most similar advisory firms, Miller Value Partners has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.32 billion for 16 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

Miller Value Partners also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Miller Value Partners, LLC

The company employs 16 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Herbert Miller	Chairman, managing member	1 Oct 1999	50% - 75%	1031710
Llc Applied Philosophy	Member	1 Oct 1999	25% - 50%	52-2208744
Maureen L Stewart	Chief financial officer	1 Mar 2015	Other	6497421
William Herbert Miller	Mananging member, chief investment officer	1 Jun 2015	75% - 100%	1031710
Samantha Marie Mclemore	Portfolio manager	1 Jun 2015	Other	4566042
Neil Peter Ocallaghan	President and chief compliance officer	1 Oct 2015	Other	2931062
Maureen L Stewart	Chief financial officer	1 Mar 2016	Other	6497421
William Herbert Miller	Treasurer, portfolio manager	1 Feb 2017	Other	4390244
Samantha Marie Mclemore	Portfolio manager	1 Feb 2017	Other	4566042
John Macneill Miller	Member	1 Sep 2018	Other	4390257
2017 William H. Miller Iii Living Trust Dated April 17	Member	1 Sep 2018	50% - 75%	xxx-xx-xxxx
2014 The William H. Miller Iv Revocable Trust Dated July 29	Member	1 Sep 2018	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
John Macneill Miller	Member	1 Oct 1999	25% - 50%	4390257

Based in Baltimore

The principal office where Miller Value Partners, LLC performs its advisory services is located at One South Street, Baltimore, MD 21202, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-454-3130 or by fax 410-454-5329. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at millervalue.com.