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/PRNewswire/ -- Miracle Mile Advisors (Miracle Mile), a national, award-winning, independent registered investment adviser (RIA) offering highly customized,...
Miracle Mile sells minority stake to Merchant Investment Management The infusion of capital from the family office is expected to fuel acquisitions December 17, 2020 Miracle Mile Advisors, a $2 billion Los Angeles-based registered investment adviser, has sold a minority ownership stake to Merchant Investment Management as part of a plan to fuel growth. Founded in 2007, Miracle Mile has so far completed three acquisitions, including the addition of the $240 million Aequitas Wealth Management in June. Since January 2016, Miracle Mile has experienced a 387% cumulative growth, or 31% compounded a...