Miracle Mile Advisors Adds Maryland Practice, Increases Its AUM by $2.1B in 2024 Latest strategic partnership boosts Miracle Mile’s assets under management to $7.4 billion
November 4th, 2024
Miracle Mile Advisors (“Miracle Mile”), an award-winning registered investment advisor (RIA) offering highly customized wealth management services to high-net-worth clients, today announced a strategic partnership with Offit Advisors in Maryland, which expands Miracle Mile’s East Coast presence and brings its assets under management (AUM) to $7.4 billion (as of 12/1/2024).
Columbia, Maryland-based wealth management firm Offit Advisors has approximately $194 million in client assets and is the fourth advisory team added in 2024. Led by Founder and Chief Executive Officer Ben Offit, the firm brings deep expertise in comprehensive financial planning and multi-generational wealth transfer strategies.
“Our foundation starts with a shared commitment to client success,” said Bruce Milam, Chief Executive Officer of Miracle Mile. “We’ve created a unique model that resonates strongly with successful firms looking for their next chapter of growth. New partners consistently cite our differentiated approach – emphasizing professional leadership, meaningful equity participation, and resources that preserve entrepreneurial spirit while enabling growth. These strategic partnerships validate our approach and demonstrate why more firms are increasingly choosing Miracle Mile as their ideal path forward.”
Offit noted, “After careful consideration and diligent research, we recognized that Miracle Mile’s infrastructure, technology, and comprehensive support would significantly enhance our ability to serve clients. Its collaborative culture and commitment to maintaining the personal touch that our clients value made this an ideal fit. We are looking forward to all that we can accomplish with the assistance and resources of Miracle Mile in the areas of financial planning, taxes, retirement, investments, insurance, estate planning, and philanthropic planning.”
These strategic moves build upon Miracle Mile’s recent growth initiatives. The firm has steadily expanded its national presence, as evidenced by the addition of two firms earlier in 2024 with $600 million in combined client assets, the opening of its Seattle office in January, the enhancement of its C-suite with the hiring of Matt Dmytryszyn as Chief Investment Officer in April, and the launch of its Chicago office in October. Additionally, Miracle Mile integrated a prominent California-based practice managing approximately $731 million in assets that specializes in ultra-high-net-worth individuals.
These developments demonstrate Miracle Mile’s commitment to growth and its ability to attract high-performing professionals who recognize the firm’s dynamic culture and best-in-class offerings.
For more information about Miracle Mile or for RIAs interested in a strategic partnership, go to https://miraclemileadvisors.com/opportunities/.
Turkey Hill Management, LLC served as exclusive financial advisor to Offit Advisors.
AUM Data as of 12/1/2024.
About Miracle Mile Advisors
Miracle Mile Advisors is a registered investment advisor committed to providing dynamic financial planning and custom investment management to high-net-worth individuals, families, business owners, and institutions. Miracle Mile’s advisors integrate clients’ ambitions with best-in-class guidance, advice, and technology and have been recognized across leading industry awards such as Barron’s, Financial Times, Forbes, and InvestmentNews. Most recently, Miracle Mile was named RIA of the Year by Wealth Solutions Report. Founded in 2007 and headquartered in Los Angeles, the firm has team locations in San Francisco, New York, San Diego, Chicago, Seattle, Baltimore/DC, and Portland, Oregon.
For more information about our award rankings and disclosures, visit: www.miraclemileadvisors.com.
Advisory services are only offered to clients or prospective clients where Miracle Mile and its representatives are properly licensed or exempt from licensure.
