SEC-registered independent wealth management RIA
Millennium Capital Advisors, LLC
As of its Form ADV filed April 28, 2026, Millennium Capital Advisors, LLC, an SEC-registered independent wealth management RIA in Little Rock, Arkansas, reported $232.2 million in regulatory assets under management across 335 accounts, ranking #26 among independent RIAs in Arkansas by assets.
Registration
- Main office
- Little Rock, AR
- Registration
- SEC-registered, Approved
- CRD number
- 108641
- SEC file number
- 801-110166
- Registered since
- March 24, 2017
- Latest Form ADV filing
- April 28, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 0
Key figures
- Regulatory assets under management
- $232.2 million
- Discretionary
- $211.2 million (90.9%)
- Non-discretionary
- $21.0 million
- Accounts
- 335 (328 discretionary)
- Clients
- 206, approximate as reported
- Employees
- 3
- Advisory staff
- 1 performing investment advisory functions
- Average account
- $693,269
- Asset growth, 1 year
- 12.5% (from $206.4 million a year earlier)
- Asset growth, 3-year annual rate
- 13.5% (from $158.8 million three years earlier)
- Asset growth, 5-year annual rate
- 9.8% (from $145.4 million five years earlier)
- Client growth, 1 year
- -10.4% (from 230)
Independent wealth management RIA: individual and high net worth clients hold at least half of its regulatory assets, it offers financial planning or portfolio management for individuals, and it is not a broker-dealer, a bank or part of one by the directory's rules. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among independent wealth management RIAs.
| Ranking | Nationally | In Arkansas | Value |
|---|---|---|---|
| Largest independent RIAs by assets under management | #4,850 | #26 | $232.2 million |
| Fastest-growing independent RIAs over one year | #4,423 | #23 | 12.5%from $206.4 million |
| Fastest-growing independent RIAs over three years | #3,302 | #12 | 13.5%from $158.8 million |
| Fastest-growing independent RIAs over five years | #2,531 | #9 | 9.8%from $145.4 million |
| Independent RIAs with the biggest asset gains over one year | #5,011 | #25 | $25.8 million |
| Independent RIAs with the most clients | #5,405 | #38 | 206 |
| Independent RIAs with the fastest client growth over one year | #5,252 | #29 | -10.4%from 230 |
| Independent RIAs with the most accounts | #6,461 | #39 | 335 |
| Independent RIAs with the most advisory staff | #10,188 | #61 | 1 |
| Independent RIAs with the most high net worth clients | #4,243 | #19 | 72 |
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $52.3 million |
| October 3, 2011 | $60.5 million |
| October 2, 2017 | $124.8 million |
| October 1, 2018 | $141.8 million |
| October 1, 2019 | $140.0 million |
| October 1, 2020 | $164.2 million |
| October 4, 2021 | $145.4 million |
| October 3, 2022 | $177.3 million |
| October 5, 2023 | $158.8 million |
| October 1, 2024 | $180.6 million |
| September 2, 2025 | $206.4 million |
| October 2, 2026 | $232.2 million |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 72 clients | $164.1 million | |
| Individuals (other than high net worth) 128 clients | $48.7 million | |
| Pension and profit sharing plans fewer than 5 clients | $13.0 million | |
| Corporations or other businesses fewer than 5 clients | $6.0 million | |
| Charitable organizations 2 clients | $391,302 |
How the firm is paid
- A percentage of assets under management
- Hourly charges
Advisory services
- Portfolio management for individuals or small businesses
- Pension consulting
- Other
Financial planning clients (Item 5.H): 0.
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
None reported.
Financial industry affiliations (Item 7.A)
- Insurance company or agency
Custody (Item 9)
The firm reported no custody of client cash or securities.
Investment adviser representatives
- IARs registered with the firm
- 2
- Also registered through a broker-dealer
- 1
- Employees who are IARs (Form ADV 5.B(3))
- 1
2 of the firm's 2 IARs are registered in jurisdictions that require IAR CE. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 0 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Arkansas
| Firm | City | RAUM |
|---|---|---|
| Mendel Capital Management, LLC | Little Rock | $272.3 million |
| Forest Hill Capital, LLC | Little Rock | $248.8 million |
| Ipsen Advisor Group | Little Rock | $236.1 million |
| Brown Capital Management, LLC | Little Rock | $216.1 million |
| Family Legacy Planning | Bentonville | $169.1 million |
The five independent RIAs nearest in regulatory assets with a main office in the same state.
Elsewhere
- Millennium Capital Advisors, LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.mca-ar.com
- Independent RIAs in Arkansas
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.