Miracle Mile Rebrands as Composition Wealth
Miracle Mile Advisors, a Los Angeles-based registered investment advisor handling $7.7 billion in assets, has renamed itself Composition Wealth, reflecting what the firm describes as its nationwide reach and its approach to serving clients.
The name change also mirrors the firm’s evolution from its Los Angeles origins 18 years ago into a coast-to-coast wealth manager, now boasting teams in San Francisco, San Diego, Seattle, New York, Baltimore/DC, Chicago, and Portland, alongside its LA base.
Composition Wealth now employs close to 100 people, with 36 advisors and wealth strategists and 32 client service staff among them. The firm has also been busy on the acquisition front, acquiring nine companies, four of which occurred just this year.
“Every one of our clients has their own story,” said Bruce Milam, CEO. “We chose Composition Wealth because it reflects what we do best; we take a holistic view of our clients’ assets, goals, and financial situation to create a personalized investment plan to help them succeed.”
The rebranding comes with a fresh logo designed as a bookend, symbolizing the financial narratives Composition Wealth helps its clients craft. The vibrant green hues are meant to evoke financial well-being, growth, and steadiness. The firm’s new tagline is “your story is our story.”
Launched in 2007 by managing partner Brock Moseley, Miracle Mile got a boost in late 2020 when Merchant Investment Management took a minority stake, fueling the firm’s initial four acquisitions. Two years later, and private equity firm Corsair Capital bought out Merchant’s share. Around the same time, the firm revealed it was acquiring Karp Capital Management—a $1.2 billion firm—which marked the biggest buy in its history.
