Offit Financial Inc

Based in the US, Offit Advisors is a financial advisory firm focused on delivering wealth management and investment advisory services to a diverse clientele, including individuals and corporate entities. Offit Advisors, founded in 2018 and headquartered in Columbia, US, operates as an independent investment advisor. The firm had one significant deal as of December 3, 2024, when it was acquired by Miracle Mile Advisors, LLC, enabling further growth and enhanced service capabilities. Offit Advisors, now known as Composition Wealth, specializes in comprehensive wealth management and investment advisory services.

The firm provides customized financial planning, portfolio management, retirement planning, and corporate benefits solutions. Their approach emphasizes a personalized experience for high-net-worth individuals and institutional clients, utilizing advanced technology to adapt to clients' evolving financial needs. Composition Wealth generates revenue through its advisory services, including asset management fees and consultation charges based on assets under management (AUM). The fee structure is percentage-based, aligning with client portfolio values and fostering long-term relationships that reflect the firm’s commitment to delivering value.

In December 2024, Offit Advisors was acquired by Miracle Mile Advisors, LLC, a strategic move aimed at expanding their market presence and client service capabilities. The acquisition is expected to enhance their ability to design and launch new products, although specific product release dates and geographic expansion plans have not been detailed.