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MILLIMAN ADVISORS, LLC

SEATTLE, WA · CRD 112245 · IAPD ↗ · milliman.com · 206-624-7940

$2.32BRegulatory AUM
1Advisory reps
1Employees
7Clients
0Planning clients
0Private funds
5States
0Disclosures
institutionalSegment
ApprovedSEC status

Filing changes

37
July 2026 — MILLIMAN ADVISORS, LLC notice-filed in TX.
Notice-filed in new state(s): the firm is taking clients somewhere new.
ComplianceMarketing & brand
39
April 2026 — MILLIMAN ADVISORS, LLC notice-filed in IL, PA.
Notice-filed in new state(s): the firm is taking clients somewhere new.
ComplianceMarketing & brand
40
April 2024 — MILLIMAN ADVISORS, LLC reported RAUM down 93% ($41.23B -> $2.73B).
Regulatory AUM down >=25% since last filing.
M&A & valuationRecruiting & transitions
45
April 2024 — MILLIMAN ADVISORS, LLC shrank from 12 to 2 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation

Data: SEC Form ADV monthly roster (public). Confirm on IAPD before acting.