Michael Millman
Michael Millman is a CFP, ChFC-designated registered investment advisor at Parallel Advisors, LLC, based in San Francisco, CA, with 28 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 3,868 clients with $8.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.25% |
| $250K - $2.0M | 1.00% |
| $2.0M - $4.0M | 0.85% |
| $4.0M - $6.0M | 0.70% |
| $6.0M - $10.0M | 0.60% |
| $10.0M - $25.0M | 0.50% |
| $25M+ | 0.30% |
The firm generally requires an annual minimum fee of $3,000 for its investment advisory services. The investment advisory fee is negotiable at the firm's discretion. At no time shall the firm's effective investment advisory fee exceed 2.00% of the client's assets under management.
Fee Estimator
Location
150 Spear Street, Suite 1600, San Francisco, CA, 94105
Get directionsHistory
Regulatory History (2)
Employment Separation After Allegations
May 2012Customer Dispute
September 2008Other Business Activities
Michael is a manager of High Desert Holdings II, LLC, a real estate company and landlord for rental property. He spends minimal time on this activity.
Employment History
Current Registrations
Parallel Advisors, LLC
Previous Registrations
Fifth Third Wealth Advisors LLC
U.S. Bancorp Investments, INC.
U.S. Bancorp Investments, INC.Broker
Wells Fargo Advisors, LLC
Wells Fargo Advisors, LLCBroker
Wells Fargo Investments, LLC
Wells Fargo Investments, LLCBroker
Banc of America Investment Services, INC.
Banc of America Investment Services, INC.Broker
Fidelity Brokerage Services LLCBroker
Charles Schwab & CO., INC.Broker
The Heritage Group, INC.Broker
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.