Miller Investment Management, Lp
SEC-registered
Multi-Family Office · Mid-sized ($1B–$10B)
CRD 108380
· SEC file 801-56027
· West Conshohocken, PA
· WWW.MILLERINV.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $7.1B
- Discretionary
- $1.8B
- Clients
- 183
- Avg AUM / client
- $38.8M
- Accounts
- 308
- Employees
- 18
AUM over time
$2.1B
$7.1B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 28 | $9.5M | 0.13% |
| High net worth individuals | 127 | $6.3B | 88.6% |
| Pooled investment vehicles (non-investment companies) | 18 | $638M | 8.98% |
| Pension and profit sharing plans | Fewer than 5 clients | $1.1M | 0.02% |
| Charitable organizations | 10 | $159M | 2.24% |
Private funds (12)
Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $725M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Big Horn, Lp | Private Equity Fund | Pennsylvania | $238M | 7 |
| Big Horn Fgh Ii, Lp | Private Equity Fund | Pennsylvania | $167M | 4 |
| Geronimo Holdings, Lp | Private Equity Fund | Pennsylvania | $72.8M | 2 |
| Miller Real Estate Fund Ii, Lp | Real Estate Fund | Delaware | $64.5M | 12 |
| Bighorn Consumer Partners, Lp | Private Equity Fund | Delaware | $47.6M | 9 |
| Bighorn Capital Partners Ii, Lp | Private Equity Fund | Delaware | $36.1M | 16 |
| Miller Consumer Capital, Lp | Private Equity Fund | Delaware | $31.0M | 3 |
| Miller Investment Management Fund I, Lp | Other Private Fund | Delaware | $27.6M | 16 |
| Bighorn Capital Partners, Lp | Hedge Fund | Delaware | $17.8M | 1 |
| Big Horn Mim Fgh Ii, Lp | Private Equity Fund | Pennsylvania | $16.0M | 11 |
| Big Horn Acquisition, Lp | Real Estate Fund | Pennsylvania | $5.1M | 3 |
| Big Horn Ii, Lp | Private Equity Fund | Pennsylvania | $1.5M | 3 |
People (8)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Henry Scott Miller | Shareholder | CFA | Jul 1996 (30y) | ≈ 18.75% – 50% via Strategic Advisors International, Inc. |
| Isaac, Paul, Jerome | Limited Partner | Aug 2001 (25y) | 5% – 10% | |
| Dostillio, Christine, M | Chief Compliance Officer, Chief Financial Officer | Jul 2021 (5y) | Less than 5% | |
| Elwyn Evans | Registered representative | CFA | May 2006 (20y) | |
| Clayton Patrick Parrett | Registered representative | Aug 2016 (10y) | ||
| Henry Scott Miller | Registered representative | Dec 2016 (10y) | ||
| Timothy Patrick Letter | Registered representative | Mar 2019 (7y) | ||
| Daniel Joseph Harnish | Registered representative | CFA | Jan 2020 (7y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Strategic Advisors International, Inc. | Limited Partner | Jul 1998 | A | 25% – 50% |
| Paul F Miller, Jr. Gst Tet Dated 6/25/1985 | Limited Partner | Jul 2018 | A | 5% – 10% |
| Sujoda Investments, Lp | Limited Partner | Sep 2022 | A | 5% – 10% |
| Miller Investment Management, Llc | General Partner | Jul 1998 | A | Less than 5% |
| Strategic Advisors International, Inc. | Sole Member | Oct 2001 | B | ≈ 0% – 5% via Miller Investment Management, Llc |
Undisclosed: 5% – 60% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Henry Scott Miller: 75% – 100% of Strategic Advisors International, Inc. × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Strategic Advisors International, Inc.: 75% – 100% of Miller Investment Management, Llc × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (12, $725M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Big Horn, Lp | Private Equity Fund | $238M | $1.0M | 7 |
| Big Horn Fgh Ii, Lp | Private Equity Fund | $167M | $0 | 4 |
| Geronimo Holdings, Lp | Private Equity Fund | $72.8M | $0 | 2 |
| Miller Real Estate Fund Ii, Lp | Real Estate Fund | $64.5M | $1.0M | 12 |
| Bighorn Consumer Partners, Lp | Private Equity Fund | $47.6M | $30.0M | 9 |
| Bighorn Capital Partners Ii, Lp | Private Equity Fund | $36.1M | $100K | 16 |
| Miller Consumer Capital, Lp | Private Equity Fund | $31.0M | $10.0M | 3 |
| Miller Investment Management Fund I, Lp | Other Private Fund | $27.6M | $1.0M | 16 |
| Bighorn Capital Partners, Lp | Hedge Fund | $17.8M | $1.0M | 1 |
| Big Horn Mim Fgh Ii, Lp | Private Equity Fund | $16.0M | $250K | 11 |
| Big Horn Acquisition, Lp | Real Estate Fund | $5.1M | $1.0M | 3 |
| Big Horn Ii, Lp | Private Equity Fund | $1.5M | $0 | 3 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 3.53 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- J.P. Morgan $5.2B (73% of AUM) Mar 2026
- Pershing $624M (9% of AUM) Mar 2026
- Bank Of America Private Bank $417M (6% of AUM) Mar 2026
- Bank Of America Private Wealth Management $369M (10% of AUM) Jun 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗