Composition Wealth Expands with Strategic Acquisitions

News Summary

Composition Wealth, a wealth management firm, has recently acquired Blue Oak Capital in California and Centricity Wealth Management in Ohio. These acquisitions increase the firm’s assets under management to $9.3 billion and highlight its commitment to growth and serving high-net-worth clients. CEO Bruce Milam emphasized the importance of these firms’ local partnerships and client-focused services. The firm plans to continue expanding its geographical footprint, targeting regions like New York, Boston, Austin, and Dallas for future opportunities.

California and Ohio

Composition Wealth, a national wealth management firm headquartered in Hauppauge, New York, has announced its acquisition of two advisory firms located in California and Ohio, increasing its total assets under management to $9.3 billion. This move is indicative of the firm’s ongoing national growth strategy following its recent rebranding from Miracle Mile Advisors.

Strategic Acquisitions in Key Markets

The acquisition of Blue Oak Capital in Silicon Valley, California, and Centricity Wealth Management in Ohio marks a significant expansion in Composition Wealth’s reach. Blue Oak Capital, led by Thomas Baker, focuses on delivering tailored financial services to complex client needs and has approximately $289 million in assets under management. Meanwhile, Centricity Wealth Management, founded by Chris and Wendy Ciehanski, currently manages about $192 million for 158 families and several charitable organizations.

Executive Insights

Bruce Milam, the CEO of Composition Wealth, emphasized the importance of both acquisitions. He noted Blue Oak’s strong client focus, which aligns with Composition Wealth’s mission to serve high-net-worth clients, including business owners, individuals, and families. Additionally, Milam recognized Centricity’s impact within its local community, reflecting the firm’s commitment to leveraging strong local partnerships as it expands.

Growth and Future Plans

Since its inception, Composition Wealth has opened a total of nine office locations due to its aggressive growth strategy, which has included multiple mergers and acquisitions throughout 2025. Both Blue Oak Capital and Centricity Wealth Management will adopt the Composition branding post-acquisition, further solidifying the firm’s national presence. The firm is now actively seeking to target additional regions such as New York, Boston, Austin, and Dallas for future growth opportunities.

Background on Composition Wealth

Composition Wealth has made notable strides in the financial advisory space since rebranding from Miracle Mile Advisors. The firm’s direction emphasizes serving affluent clients with intricate financial needs, showcasing its determination to expand both geographically and in service capabilities. The recent acquisitions underscore a significant step in realizing their growth objectives and enhancing their service offerings to clients.

This expansion not only highlights Composition Wealth’s strategy to broaden its geographical footprint but also reinforces its commitment to fostering community connections and addressing the diverse financial needs of its clients across the United States.

Deeper Dive: News & Info About This Topic

• Long Island News: Composition Wealth Expands
• Citywire: Composition Wealth Seals Double Deal
• AdvisorHub: RIA M&A Round-Up
• Wikipedia: Wealth Management
• Encyclopedia Britannica: Financial Advising