Miracle Mile Advisors Appoints CEO

Miracle Mile Advisors, an independent registered investment advisor for high-net-worth individuals with more than $4.5 billion in assets and backed by private equity firm Corsair Capital, has named Bruce Milam the firm’s first CEO.

Milam will oversee day-to-day operations and help to develop and execute a strategy for the firm’s next stage of growth.

Milam previously spent nearly 10 years at Seattle-based RIA Freestone Capital Management as COO, where he grew the firm’s assets “three-fold” to more than $8 billion.

Prior to that, Milam was a Director at HBK Capital Management for eight years, building out the firm’s operations and technology infrastructure.

“”Looking ahead, we intend to elevate our investments in the firm’s talent and resources to augment organic growth as well as expand through M&A and advisor recruiting across the country,” noted Milam.

Founded in 2007 and headquartered in Los Angeles, Miracle Mile’s move follows the recent merger with Karp Capital Management in November 2022, which added $1.2 billion in assets to the firm.