Miracle Mile Advisors – an registered investment advisor (RIA) offering highly customized wealth management services to high-net-worth clients, announced a strategic partnership with Offit Advisors in Maryland, which expands Miracle Mile’s East Coast presence and brings its assets under management (AUM) to $7.4 billion as December 1.
Columbia, Maryland-based wealth management firm Offit Advisors has about $194 million in client assets and it is the fourth advisory team added this year. Headed by founder and Chief Executive Officer (CEO) Ben Offit, the firm brings expertise in financial planning and multi-generational wealth transfer strategies.
These moves build on Miracle Mile’s recent growth initiatives. And the firm has steadily expanded its national presence, as evidenced by the addition of two firms earlier this year with $600 million in combined client assets, the opening of its Seattle office in January, the enhancement of its C-suite with the hiring of Matt Dmytryszyn as Chief Investment Officer in April, and the launch of its Chicago office in October. And Miracle Mile integrated a prominent California-based practice managing approximately $731 million in assets specializing in ultra-high-net-worth individuals.
These developments show Miracle Mile’s commitment to growth and its ability to attract high-performing professionals who recognize its dynamic culture and best-in-class offerings.
Turkey Hill Management served as the exclusive financial advisor to Offit Advisors.
KEY QUOTES:
“Our foundation starts with a shared commitment to client success. We’ve created a unique model that resonates strongly with successful firms looking for their next chapter of growth. New partners consistently cite our differentiated approach – emphasizing professional leadership, meaningful equity participation, and resources that preserve entrepreneurial spirit while enabling growth. These strategic partnerships validate our approach and demonstrate why more firms are increasingly choosing Miracle Mile as their ideal path forward.”
- Bruce Milam, Chief Executive Officer of Miracle Mile
“After careful consideration and diligent research, we recognized that Miracle Mile’s infrastructure, technology, and comprehensive support would significantly enhance our ability to serve clients. Its collaborative culture and commitment to maintaining the personal touch that our clients value made this an ideal fit. We are looking forward to all that we can accomplish with the assistance and resources of Miracle Mile in the areas of financial planning, taxes, retirement, investments, insurance, estate planning, and philanthropic planning.”
- Offit
