Miracle Mile Doubles AUM and Announces Future Plans for Growth

Miracle Mile Advisors doubles AUM in two years and has no plans to slow down. 

Miracle Mile Advisors, founded by Duncan Rolph and Brock Mosley nearly 15 years ago, has grown over 300% since 2016. Today, the LA-based RIA manages $4.5 billion in assets under management and provides holistic wealth management services to 1,400 businesses, high net worth clients and their families. 

The firm offers a full suite of comprehensive planning and customized investment solutions spanning from tax optimization to asset allocation and portfolio design. Touting an energetic company culture, diverse advisors with deep industry experience and an unrelenting emphasis on fiduciary responsibility, Miracle Mile aims to deliver a unique and client-centric experience.

Miracle Mile is ranked #10 on this year’s Top 100 ETF Power Users List with over $2.3B in ETF assets across 222 ETFs, 25 issuers and 45 sectors (as of 12/31/22). The firm has added more than a billion in aggregate ETF assets since the end of 2020. View More

In September 2022, Miracle Mile announced plans to merge with Karp Capital Management, a $1.2 Billion RIA based out of San Francisco. 

The 2023 RIA Channel Top 100 RIA ETF Power Users Ranking showcases wealth management firms based on their aggregate total firm ETF assets. 

RIA Database identified and ranked RIA wealth management firms using the most exchange traded funds (ETFs). Wealth managers were defined by the following characteristics: 1) total assets were primarily managed for high net worth and non-high net worth individual clients; 2) each firm provides comprehensive wealth management services; 3) firms may be a family office or may provide family office services; and/or 4) firms may provide financial planning services. Broker/dealers were excluded. Firms must be domiciled in the United States and registered with the SEC as a registered investment adviser (RIA). Wealth managers were then ranked based on ETF usage as reported to the SEC per their 13F quarterly Edgar filings as of December 31, 2022. Total ETF assets were aggregated by RIA Database (RIADatabase.com). Assets under management are as reported to the SEC as of December 31, 2022.

RIA Database® is the leading provider of advisor data, profiles and prospecting software for the financial services industry. They manage current and historical profiles on over one million advisors across all channels: the RIA Channel, broker/dealers, family offices, foundations, institutional investors and banks. They are producers of the Forbes Top RIA list for over ten years and provide surveys and rankings for several industry publications as well.

RIA Channel® provides investment webcasts, research, podcasts and videos from thought leaders, portfolio managers and financial advisors. We offer complimentary continuing education content daily.

To view the full Top 100 ETF Power Users List, head here.