Wealth Manager
    SEC Registered

    Milliman Financial Risk Management LLC

    Registered investment advisor · Chicago, Illinois · CRD #159377

    Assets Under Management
    $40.3B
    Client Accounts
    246
    Employees
    177
    CRD Number
    159377
    Registration
    SEC Registered
    Custodian
    Bank Of New York Mellon, Jpmorgan Chase Bank, Citigroup, Inc, Wells Fargo Bank, N.a., U.s. Bancorp, Northern Trust Corporation, Bank Of America Corporation, State Street Bank And Trust Company

    Source: SEC Form ADV filings. Data as of 2026-07-06.

    About Milliman Financial Risk Management LLC

    Milliman is an independent global actuarial and consulting firm founded in 1947 and headquartered in Seattle, Washington. With over 3,200 employees across 62 offices worldwide, the firm specializes in risk management, healthcare, insurance, employee benefits, financial services, life sciences, and retirement solutions. Milliman serves both public and private sector clients, addressing complex risks such as market volatility, longevity, climate change, and healthcare inequities. The company offe

    Fee Structure

    Percentage of assets under management Yes
    Fixed fees Not reported
    Hourly charges Yes
    Performance-based fees Not reported

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    Frequently Asked Questions

    What is Milliman Financial Risk Management LLC's AUM?

    Milliman Financial Risk Management LLC reports approximately $40.3B in regulatory assets under management, based on its most recent SEC Form ADV filing.

    Where is Milliman Financial Risk Management LLC headquartered?

    Milliman Financial Risk Management LLC is headquartered in Chicago, Illinois.

    What is Milliman Financial Risk Management LLC's CRD number?

    Milliman Financial Risk Management LLC's CRD number is 159377. You can use it to look up the firm's full regulatory record on the SEC's Investment Adviser Public Disclosure site.

    How many accounts does Milliman Financial Risk Management LLC manage?

    Milliman Financial Risk Management LLC manages approximately 246 client accounts according to its latest SEC filing.

    Is Milliman Financial Risk Management LLC SEC registered?

    Yes, Milliman Financial Risk Management LLC is registered with the SEC as an investment adviser with an approved registration status.

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