Composition Wealth, fresh off its rebrand last week from Miracle Mile Advisors, has acquired two Seattle-based registered investment advisors. The firm has added Vinoble Group, a 15-person team with $630 million in assets under management, and Unionview Wealth Partners, with $300 million in AUM.
They represent the first deals done under the new Composition brand and bring the firm’s total client assets to $8.6 billion.
The Vinoble team is led by Brian Johnson, who joins Composition as a partner and wealth advisor. The RIA was founded in 2019, after the team left Ameriprise Financial. They now serve over 400 clients.
“By joining the Composition Wealth team, we have the ability to tap into an expanded service offering that will directly benefit our clients while maintaining our client service philosophy,” Johnson said in a statement.
In a statement, Nate Angelo, head of wealth management at Composition Wealth, said Johnson’s team brings expertise in group benefits consulting and tax planning, allowing the RIA to offer these capabilities across its markets.
Unionview Wealth Partners, which is also in Seattle, was founded in 2009 by Managing Partner Katie Pieper, who broke away from Morgan Stanley. She now leads alongside partner Craig Hanson. Both will join Composition as partners and wealth advisors.
Just last week, Los Angeles-headquartered Miracle Mile Advisors announced it was rebranding after 15 years. The firm said Composition Wealth better reflects its structure as a collection of wealth advisors and specialists across the country.
The new name also reflects the RIA’s growth beyond its Los Angeles roots; Miracle Mile is a neighborhood in Los Angeles that contains a stretch of Wilshire Boulevard between Fairfax and La Brea Avenues. But the firm hopes to establish itself as a national wealth manager, with offices in San Francisco, San Diego, Seattle, New York, Baltimore/Washington, D.C., Chicago and Portland, Ore., in addition to Los Angeles.
Founded by Managing Partner Brock Moseley in 2007, Miracle Mile received a minority investment from Merchant Investment Management in late 2020 that supported the firm’s first four acquisitions. Two years later, private equity firm Corsair Capital acquired Merchant’s stake. At the same time, the firm announced it was buying Karp Capital Management, a firm managing $1.2 billion. This was the largest acquisition in the firm’s history.
In June 2023, the RIA appointed Bruce Milam as the first CEO in its 15-year history. He previously spent nine years as chief operating officer for Freestone Capital Management when the firm tripled assets.