Mills Wealth Advisors, Llc
- Regulatory AUM
- $549M
- Discretionary
- $507M
- Clients
- 472
- Avg AUM / client
- $1.2M
- Accounts
- 1,877
- Employees
- 8
AUM over time
Annual snapshots from Form ADV filings · as of Mar 25, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 275 | $73.0M | 13.3% |
| High net worth individuals | 171 | $421M | 76.8% |
| Pooled investment vehicles (non-investment companies) | 2 | $76.1K | 0.01% |
| Pension and profit sharing plans | 16 | $48.3M | 8.81% |
| Corporations and other businesses | 8 | $6.1M | 1.11% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $166K combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Mills Equity Fund Ii, Lp | Private Equity Fund | Texas | $166K | 39 |
| Ls Mwa Loan 2 | Securitized Asset Fund | Texas | $0 | 15 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Hyphen Solutions Retirement Plan Hyphen Solutions, Llc | Dallas, TX | 2024 |
| United Airlines Pilot Retirement Account Plan United Airlines, Inc. | 2024 |
People (6)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Michael Alan Mills | President/Chief Compliance Officer | CFP | Apr 2003 (23y) | 75% or more |
| Stephen Brooks Nelson | Partner, Shareholder | CFP | Apr 2018 (8y) | 5% – 10% |
| Matthew Alexander Brown | Registered representative | CFP | Nov 2017 (9y) | |
| Emily Marie Lopez | Registered representative | CFP | Aug 2023 (3y) | |
| Ajoke Helen Esomo | Registered representative | CFP | Nov 2023 (3y) | |
| Robin Christy Austin | Registered representative | Dec 2025 (1y) |
Undisclosed: 0% – 20% of the firm is not attributable from the filed Schedule A bands.
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 (2, $166K gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Mills Equity Fund Ii, Lp | Private Equity Fund | $166K | $25.0K | 39 |
| Ls Mwa Loan 2 | Securitized Asset Fund | $0 | $25.0K | 15 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Hyphen Solutions Retirement Plan | Hyphen Solutions, Llc | 250 | $26.4M | 01/01/2024 |
| United Airlines Pilot Retirement Account Plan | United Airlines, Inc. | 17,444 | $16.8B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/25/2026 | 1.27 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
- • Hourly charges
- • Fixed fees
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $549M (100% of AUM) Mar 2026
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 25, 2026.
View current Form ADV (SEC/IAPD) ↗