Miracle Mile Snaps Up $194M Offit Advisors of Columbia (MD)

Miracle Mile Advisors announced that it has entered a strategic partnership with Columbia, MD-based Offit Advisors, further strengthening the firm’s East Coast presence and adding $194M in client assets.

The arrangement with Offit is the fourth advisory move made by the firm to bolster its growth initiatives to attract more UHNW clients. The shop is led by founder and CEO Ben Offitt, who was advised on the transaction by Turkey Hill Management.

Earlier this year, Miracle Mile added Baltimore-based Caplan Financial Group and Chicago-based Advisory Partners, bringing in $600M in client assets. The firm also opened an office in Seattle in January. Additionally, Miracle Mile partnered with a California-based team that manages approximately $731M in UHNW client assets. Including Offit, these partnerships have helped grow Miracle Mile’s total AUM to $7.4B.

Source: https://www.businesswire.com/news/home/20241203862370/en/Miracle-Mile-Advisors-Adds-Maryland-Practice-Increases-Its-AUM-by-2.1B-in-2024