Milliman Financial Risk Management LLC (Chicago)

Name: Milliman Financial Risk Management LLC
Address: 71 S. Wacker Dr., 31 St Floor, Chicago, IL, 60606
Telephone: 312-726-0677

Milliman Financial Risk Management LLC is a large advisory firm based in Chicago. It manages $41.64 billion of regulatory assets for 44 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Illinois.

Milliman Financial Risk Management provides 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.

Milliman Financial Risk Management: assets under management

The assets under management (AUM) of Milliman Financial Risk Management LLC is $41.64 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1397% since the beginning of its operation, and $5.28 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $41.64 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $946.27 million each.

Investments

The firm invests in derivatives the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Milliman Financial Risk Management LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Milliman Financial Risk Management serves?

The firm provides services to insurance companies and investment companies. The largest group of clients of Milliman Financial Risk Management is investment companies with 11 clients and $36.07 billion of assets under management. Among the 7 most similar advisory firms, Milliman Financial Risk Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $41.64 billion for 16 clients. 39% of the firm’s clients are foreign persons or businesses.

Milliman Financial Risk Management doesn't advise any private funds.

Careers at Milliman Financial Risk Management LLC

The company employs 172 people that are either part- or full-time employees. 94 percent of the employees work as investment advisers or researchers. 7 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
Inc. Milliman	Managing member	1 Oct 2011	75% - 100%	91-0675641
Brian Simon Pollack	Chief compliance officer	1 Oct 2011	Other	4413291
Susan Helen Puz	Chief compliance officer	1 Sep 2014	Other	2710984

Based in Chicago

The principal office where Milliman Financial Risk Management LLC performs its advisory services is located at 71 S. Wacker Dr., 31 St Floor, Chicago, IL 60606, 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 312-726-0677 or by fax 312-499-5700. The normal business hours are 8:30am - 5:30pm ct on Monday - Friday. You can find more information about the New York firm at milliman.com.