LOS ANGELES--(BUSINESS WIRE)--Miracle Mile Advisors, one of the top ranked, fastest growing independent investment advisory firms, today launched an Institutional Consulting division to expand its platform to institutional investors including pension plans, foundations, endowments and non-profits. Miracle Mile Institutional will be led by a veteran team comprised of Gerard Tamparong, Frank Lee and Michael Treidl, who have 50 years of industry experience between them. Prior to joining Miracle Mile, the team successfully built and managed a $2 billion institutional consulting practice at Payden & Rygel.
"Miracle Mile Advisors offers our team and clients an exceptional platform and comprehensive set of investment solutions backed by a fiduciary standard,” said Gerard Tamparong, Managing Director at Miracle Mile Institutional. “Their award-winning culture and independent approach matched our values and our clients’ needs; it was an easy choice and an ideal fit.”
Miracle Mile Institutional is a natural extension of the firm’s core high net worth wealth management business, and many of its clients are corporate executives and board members of endowments, foundations and pension funds.
“There is a growing need for full-service, cost effective providers of investment advice to small and mid-sized institutions who need fiduciary guidance and don’t have the resources to do so in-house,” said Duncan Rolph, Managing Partner at Miracle Mile Advisors. “We are now perfectly positioned to fill this need.”
- Gerard Tamparong, CFA, CFP, brings more than 20 years of financial investment experience and will head client services. He most recently was senior vice president and senior portfolio manager in the asset allocation management group at Payden & Rygel, making investment decisions for pension plans, foundations, endowments, Native American Indian tribes, non-profit organizations, schools and union portfolios.
- Frank Lee, CFA, also has more than 20 years of financial investment experience and is the investment strategist for the new division. He was a senior vice president at Payden & Rygel and member of the equity strategy group, managing the firm’s equity trading desk and its large-cap domestic and global equity strategies, and oversaw the asset allocation management group that managed portfolios for high net worth individuals and institutional clients using commingled investment vehicles.
- Michael Treidl, CFA, has 10 years of financial investment experience and is head of operations for the Institutional Investor Division. He was a vice president and portfolio manager in the asset allocation management group at Payden & Rygel. He made investment decisions for pension plans, foundations, endowments, Native American Indian tribes, non-profit organizations, schools and union portfolios.
About Miracle Mile Advisors
Miracle Mile Advisors is a leader in providing independent investment advice to high net worth individuals, families and business owners, and institutions including endowments, foundations, pension plans, non-profits, schools and unions. As one of the fastest growing independent registered investment advisors in the country, the firm is committed to providing sophisticated, objective financial advice using low-cost custom investment strategies backed by a fiduciary standard.
To learn more about Miracle Mile Advisors, please visit www.miraclemileadvisors.com.