Milestone Financial Planning, LLC (Bedford)

Name: Milestone Financial Planning, LLC
Address: 2 Commerce Drive, Bedford, NH, 03110
Telephone: 603-589-8010

Milestone Financial Planning, LLC is a large advisory firm based in Bedford. It manages $182.89 million of regulatory assets for 585 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Connecticut, Massachusetts, and 3 other states.

Milestone Financial Planning provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Milestone Financial Planning: assets under management

The assets under management (AUM) of Milestone Financial Planning, LLC is $182.89 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 26% since the beginning of its operation, and $12.55 million of the total AUM is attributable to clients outside of the United States.

The firm manages $182.89 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $312.63 thousand each.

Milestone Financial Planning has custody of $64.35 million in cash and securities for 84 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Milestone Financial Planning, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 Milestone Financial Planning serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Milestone Financial Planning is high net worth individuals with 70 clients and $144.27 million of assets under management. Among the 6 most similar advisory firms, Milestone Financial Planning has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $180.93 million for 155 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Milestone Financial Planning doesn't advise any private funds.

Careers at Milestone Financial Planning, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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
Jean Fullerton	Manager	1 Dec 2008	50% - 75%	4754321
Jennifer Lise Davidson	Manager, chief compliance officer	1 Feb 2016	50% - 75%	4632920
Jennifer Lise Climo	Manager, chief compliance officer	1 Feb 2016	50% - 75%	4632920

Based in Bedford

The principal office where Milestone Financial Planning, LLC performs its advisory services is located at 2 Commerce Drive, Bedford, NH 03110, 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 603-589-8010 or by fax 603 768 4249. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at wjmfinancial.com.