Miracle Mile Advisors Appoints Chief Investment Officer

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Miracle Mile Advisors, a leading independent registered investment advisor (RIA) providing customised wealth management services to high-net-worth clients nationwide, has announced the appointment of Matt Dmytryszyn as its new Chief Investment Officer (CIO). This addition to the firm’s C-suite shows Miracle Mile’s commitment to enhancing its investment research capabilities, offering a competitive edge to its clients and advisors.

In his new role, Dmytryszyn will lead Miracle Mile’s Investments Team, chair the investment committee, and spearhead the firm’s research agenda. He will be responsible for overseeing portfolio management, trading, and strategy implementation, ensuring that clients receive top-tier guidance to optimise investment performance. Dmytryszyn will report directly to Bruce Milam, CEO of Miracle Mile Advisors.

Prior to joining Miracle Mile, Dmytryszyn served as the Chief Investment Officer for Telemus Capital, a $3 billion RIA acquired by Kovitz Investment Group Partners in March. He brings a wealth of experience to his new role, having held senior research positions at LaSalle Street Capital Management, Russell Investments, and Piper Jaffray throughout his 25-year career in financial services.

Beyond his professional achievements, Dmytryszyn has been actively involved in his community. He served as Chairman of the Associate Board for the local United Way and currently serves as a board member for Bridge Communities, an organisation dedicated to transitioning homeless families to self-sufficiency through mentoring, housing, and supportive services.

Dmytryszyn holds degrees in Finance and Accounting from the Carlson School of Management at the University of Minnesota. Reflecting on his new role, he said, “Authoritative and proprietary research is increasingly becoming a critical differentiator for elite RIAs. I am honoured to join Miracle Mile at this pivotal moment and look forward to building upon its legacy of growth and delivering exceptional client service to investors nationwide.”

Miracle Mile Advisors has been actively expanding its footprint, with the recent opening of an office in Seattle to further penetrate the Pacific Northwest market. The firm also welcomed two new firms with a combined client asset of $600 million in Baltimore and Chicago earlier this year. Following its merger with Karp Capital Management and an investment from private equity firm Corsair Capital in 2022, Miracle Mile now oversees approximately $5.7 billion in total client assets, boasts 27 advisors, and employs over 70 professionals as of February 29, 2024.