Wealth manager, independent · Atlanta, GA
Arkadios Wealth Advisors
Arkadios Wealth Advisors LLC · SEC-registered investment adviser · CRD 288863 · SEC 801-110833
At a glance
Arkadios Wealth Advisors is an SEC-registered investment adviser based in Atlanta, Georgia, with $8.8B in regulatory assets under management as of its Form ADV filed October 1, 2026. It reports 14,320 individual clients, 764 of them high-net-worth, holding an average of about $0.5 million each, and 188 employees. That ranks it 118th among the nation’s 5,657 independent wealth management RIAs and 6th of 171 in Georgia. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 404-445-0035arkadioscapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $8.8B
- Rank among independent wealth managers
- #118 of 5,657
- Rank among all SEC RIAs
- #1,489 of 17,210
- Rank in Georgia
- #6 of 171
- Individual clients
- 14,320
- High-net-worth clients
- 764
- Accounts
- 14,886
- Discretionary
- 100% of AUM
- Employees
- 188
- Advisory staff
- 151
- Offices
- 105
Owners and executives on its Form ADV
- David Y. MillicanManaging Member/ceo
- Christopher J. MielnickiElected Manager
- Kiliaen v. LudlowElected Manager
- Holly EvansElected Manager
- Max M. McCombChief Compliance Officer
- Gary S. SchwartzElected Manager
Custody and brokerage
Broker-dealer
Hybrid RIA
Arkadios Wealth Advisors is a hybrid RIA: 112 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Arkadios Capital, LLC and Arkap Markets, LLC.
- Arkadios Capital, LLC ↗CRD 282710
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
- Arkap Markets, LLC ↗CRD 326313
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed June 2026) names Arkadios Capital as the broker-dealer its advisers are registered with.
When Arkadios Capital is a member of the selling syndicate, Advisors, acting as a Registered Representative of Arkadios Capital, receive compensation from the sale of an initial public offering (IPO).
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 13,556 | $4.1B | 47% |
| High-net-worth individuals | 764 | $3.3B | 37% |
| Corporations or other businesses | 521 | $1.3B | 15% |
| Charitable organizations | 16 | $60M | <1% |
| Pension and profit sharing plans | 29 | $35M | <1% |
Disciplinary disclosures
Arkadios Wealth Advisors answers yes to 4 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗arkadioscapital.com ↗
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The full record on Arkadios Wealth Advisors
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 463 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Georgia
All of Georgia →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Openarc Corporate Advisory, LLCAtlanta | $10B | 3,841 |
| Signaturefd, LLCAtlanta | $9.7B | 1,891 |
| Crawford Investment Counsel IncAtlanta | $9.1B | 1,943 |
| Nicholas Hoffman & Company, LLCAtlanta | $8.3B | 399 |
| Capital Investment Advisors, LLCAtlanta | $8.2B | 6,014 |
| BalentineAtlanta | $5.5B | 439 |
Background
Questions
How much does Arkadios Wealth Advisors manage?
Arkadios Wealth Advisors reports $8.8B in regulatory assets under management across 14,886 accounts, 100% of it on a discretionary basis, on its Form ADV filed October 1, 2026.
How many clients does Arkadios Wealth Advisors have?
It reports 14,320 individual clients: 764 high-net-worth individuals and 13,556 other individuals. Individuals account for about 84% of its regulatory assets.
Where is Arkadios Wealth Advisors headquartered?
Its main office is in Atlanta, Georgia. It reports 105 offices in total and 188 employees, 151 of whom perform investment advisory functions.
How does Arkadios Wealth Advisors charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Arkadios Wealth Advisors use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed June 9, 2026, it reports these amounts held: Fidelity ($7.3B); Charles Schwab ($1.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Arkadios Wealth Advisors a hybrid RIA with a broker-dealer?
Arkadios Wealth Advisors is a hybrid RIA: 112 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Arkadios Capital, LLC and Arkap Markets, LLC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Arkadios Wealth Advisors a fiduciary?
As an SEC-registered investment adviser, Arkadios Wealth Advisors owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 112 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Arkadios Wealth Advisors’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-09), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →