Los Angeles-based RIA, Miracle Mile Advisors, has made its fourth acquisition of 2024 by adding Maryland-based firm Offit Advisors to its portfolio. Led by Founder and CEO Ben Offit, Offit Advisors has $194m in client assets and is known for its comprehensive financial planning and multi-generational wealth transfer strategies. This addition brings Miracle Mile’s total assets under management to $7.4bn. Miracle Mile has been on a growth spree in 2024, integrating two firms with $600m in combined client assets, opening offices in Seattle and Chicago, appointing a new chief investment officer, and integrating a California-based practice focusing on ultra-high-net-worth individuals. CEO Bruce Milam emphasized the unique model Miracle Mile offers, providing professional leadership, equity participation, and resources while preserving entrepreneurial spirit. Ben Offit expressed confidence in the partnership, citing Miracle Mile’s infrastructure, technology, and support as key factors in their decision. The expansion of Miracle Mile with the addition of Offit Advisors was reported by Private Banker International, a GlobalData owned brand.
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