Miles Capital, Inc. (West Des Moines)

Name: Miles Capital, Inc.
Address: 1415 28 Th Street, West Des Moines, IA, 50266 1461
Telephone: [515] 244-5426

Miles Capital, Inc. is a large advisory firm based in West Des Moines. It manages $1.79 billion of regulatory assets for 77 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Illinois, Iowa, Nebraska, and Oklahoma.

Miles Capital provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and charitable foundations and endowments. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Miles Capital: assets under management

The assets under management (AUM) of Miles Capital, Inc. is $1.79 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -61% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.79 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $23.21 million each.

Investments

The firm invests in government bonds the most. They account for 34% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 21% of the firm’s portfolio. Investments in exchange traded securities form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Miles Capital, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Wayne Miles serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of David Wayne Miles is pooled investment vehicles with 3 clients and $742 million of assets under management. Among the 13 most similar advisory firms, Miles Capital has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.79 billion for 77 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Miles Capital doesn't advise any private funds.

Careers at Miles Capital, Inc.

The company employs 19 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Wayne Miles has been acting as President since 1 Jul 2014. Gregory D. Boal joined the executive team most recently as the Chief Executive Officer And Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Vera Bodensteiner Lichtenberger	Chief compliance officer	1 Sep 2004	Other	5029861
Amy Marie Mitchell	Secretary	1 Mar 2005	Other	4658248
David Wayne Miles	President, ceo	1 Oct 2009	Other	1758925
Inc. Miles Capital Holdings	Sole shareholder	1 Dec 2009	75% - 100%	271040869
Laurie Lynn Mardis	Treasurer	1 Dec 2009	Other	4138177
Inc. Miles Holdings	Parent corporation	1 Dec 2009	75% - 100%	271040869
Gregory D. Boal	President	1 Oct 2010	Other	2186985
Allen William Goody	Shareholder	1 Dec 2011	Other	5595118
Douglas Sean Earney	Shareholder	1 Dec 2011	Other	6048863
Gweneth Kay Gosselink	Chief compliance officer	1 Aug 2013	Other	2569618
David Wayne Miles	Chairman	1 Jul 2014	Other	1758925
Gregory D. Boal	Chief executive officer and chief investment officer	1 Jul 2014	Other	2186985

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
David Wayne Miles	Shareholder	1 Dec 2009	75% - 100%	1758925

Based in West Des Moines

The principal office where Miles Capital, Inc. performs its advisory services is located at 1415 28 Th Street, West Des Moines, IA 50266 1461, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number [515] 244-5426 or by fax 866-331-8863. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at miles-capital.com.