Milliman Advisors offers investment advice to institutions like retirement plans, endowments, and foundations. They help clients create investment policies, allocate assets, structure investments, evaluate managers, measure performance, and educate their staff. Milliman tailors its services to each client's needs and meets regularly to review performance and objectives. They do not offer financial planning to individual retail clients.
Fee Structure
Milliman Advisors charges institutions either an hourly rate, a fixed fee, or a percentage of the assets they advise. For asset-based fees, the specific percentage is negotiated with each client. As an example, they might charge 0.10% on the first $10 million, 0.06% on the next $10 million, and 0.04% on the next $30 million, with fees negotiable above $50 million. Fees are negotiable with each client, and a minimum advisory fee may be imposed.