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Company Details
Composition Wealth ("Composition"), formerly known as Miracle Mile Advisors, was founded in 2007 by a group of former Wall Street advisors who sought to create something different—an independent, client-focused firm far removed from the traditional Wall Street approach. Named after the Los Angeles neighborhood where its founders grew up, Miracle Mile quickly expanded into a national presence, managing over $4 billion in assets with teams across the country. Built on a foundation of customized, holistic wealth management, the firm fostered a supportive, advisor-centric environment designed to help clients achieve their financial goals and a greater Return on Life. After 18 years of redefining wealth management, the firm has officially rebranded as Composition Wealth—the same dedicated team with the same mission, now entering a new chapter that reflects its evolution. As a national collective of experienced advisors and professionals, Composition Wealth remains an independent Registered Investment Advisory (RIA) firm committed to providing best-in-class guidance, advice, and technology that adapts and evolves with each client. Focused on long-term financial success, the firm continues to empower individuals and families to write the next chapter of their financial journey with confidence.
At the core of Composition Wealth’s messaging is the concept of “Return to Life.” This philosophy resonates with clients who seek to align their financial goals with broader life ambitions, such as spending time with family, pursuing passions, or leaving a meaningful legacy.
Proven Four-Step Process:
The firm articulates its approach through a clear and straightforward process:
- Listen: Taking the time to understand each client’s financial situation, goals, and concerns.
- Plan: Crafting a customized financial roadmap that addresses immediate priorities and long-term objectives.
- Implement: Executing strategies with precision, leveraging diversified portfolios and advanced financial tools.
- Adjust: Continuously monitoring and refining strategies to adapt to life changes and market dynamics.
Fiduciary Responsibility: Composition Wealth emphasizes its fiduciary role, ensuring clients know their interests are the firm’s top priority. This commitment to transparency is reinforced by the absence of proprietary products, commissions, or hidden fees.
Composition Wealth offers comprehensive wealth management services, including financial planning and portfolio management. The firm constructs investment portfolios consisting of low-cost, diversified mutual funds, ETFs, individual stocks, and bonds to achieve clients' investment goals. Their strategies are primarily long-term focused, but they may buy, sell, or re-allocate positions based on market conditions or client needs. Composition Wealth's investment philosophy is centered around providing fiduciary services with a holistic approach, akin to a family office. The firm emphasizes independence, planning, and a client-centric model that avoids product pushing. Its goal is to attract like-minded advisors who value independence and holistic client service.
Investment Implementation: Composition Wealth constructs investment portfolios consisting of low-cost, diversified mutual funds, ETFs, individual stocks, and bonds. The firm may also recommend options, independent third-party money managers, and illiquid investments such as private investment funds, hedge funds, and structured notes. Portfolios are customized and bespoke, depending on the client's needs and the advisor's strategy. Composition Wealth manages assets both in-house and through external managers.
Alternatives: Composition Wealth offers alternative investments through a partnership with Fusion, which includes private equity and other private investments. These alternative investments are managed through external partners and are available to all clients.
The investment team led by CIO, Matthew Dmytryszyn CFA, includes a central investment strategy group and support teams for financial planning and investment management. The team is structured to include roles in portfolio management, research, trading, and client service.
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Acquisition Model
Full Acquisition
Yes. For further information, please contact Alaris.
Yes
For further information, please contact Alaris.
For further information, please contact Alaris.
Mandatory Points of Alignment
As a part of its cohesive brand strategy, Composition Wealth asks its partners to adopt the brand within a period of 12 months after joining.
In an effort to get its partners back to client-facing activities, Composition Wealth will take over all back-office functions.
Partners will have visibility into their local P&L.
Composition Wealth has a suggested framework that is encouraged, but it is not required to be adopted.
Composition Wealth offers support to firms that need help defining roles and responsibilities at the local office level and managing processes and procedures. However, the firm also respects the autonomy and flexibility of its partners at the local level, and do not dictate how to operate.
Composition Wealth encourages a blend of autonomy and structure in its investment management. While the firm requires the adoption of its investment management platform, Composition is open to allowing new partners to integrate their existing portfolio management philosophy and models onto the platform.
Advisor Value Proposition
Composition Wealth's back office teams, spread out over 10 departments and 40 employees, continuously work to improve their technology site, resulting in the delivery of top-tier client service, tailored advisor marketing and PR campaigns, CFA®-driven investment strategies, and comprehensive compliance oversight.
Composition Wealth has a dedicated and centralized financial planning methodology. The firm's investment Strategy Group employs a team of CFAs® to execute the advisor's client’s tax-loss harvesting, global rebalancing, and concentrated position management analysis. Advisors can customize based on a client’s needs and risk tolerance. There is access for advisors to a broad range of model portfolios, flexible investment sleeves, and unique strategies.
A driving force behind Composition Wealth’s growth is its technology. Operations will be centralized, giving advisors more time to focus on client-facing activities. This includes HR, compliance, billing, payroll, technology, and more.
Composition Wealth enhances partners' services through a diverse range of offerings, including Portfolio Management, Planning, Investments, Reinsurance, and Institutional Investing. The firm's reinsurance program targets automotive dealers, aiding in revenue diversification from warranty sales, and managing numerous accounts for over 200 dealerships. Additionally, Composition caters to institutional clients with services like investment policy research and portfolio analysis. Each advisor benefits from personalized marketing support, utilizing proprietary research and SEO strategies. Composition Wealth fosters growth among young talent through succession planning and a comprehensive advisor training program, maintaining a diverse workforce with 55% representation from women and minorities.
As a diversified firm, Composition Wealth primarily expanded its business during its first decade through internal partnerships and collaborations with CPAs and other industry experts. The firm maintains an active membership in the Schwab Advisor Network (SAN) matrix, leveraging this affiliation to gain valuable insights into effective market entry and expansion strategies. Composition Wealth’s value proposition is distinguished by its integration of CPA and CFP expertise, positioning it prominently within the SAN matrix. A key component of the firm’s organic growth strategy has been significant investments in platforms such as SmartAsset and other online lead-generation channels, which have driven additional organic growth. The firm continues to evaluate new platforms for potential investment while increasingly allocating resources to enhance its proprietary online lead-generation capabilities. In markets with multiple operating business units, Composition Wealth strategically deploys dedicated business development personnel. These professionals focus exclusively on securing new business across all service lines, further driving the firm’s growth.
Composition Wealth supports its partners with practice management by centralizing all back-office functions, which allows the advisors to focus on client-facing activities. The firm also provides assistance to firms seeking help with defining roles and responsibilities at the local office level and managing processes and procedures. However, Composition does not dictate to partners how to operate, instead providing autonomy and flexibility at the local level. This approach is based on implementing best practices gleaned from their top-performing offices around the country.
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