Description of Advisory Firm
Seven Mile Advisory LLC (“Seven Mile Advisory”, the “Firm”, “we” , “our,” or “us”) is a privately owned
limited liability company headquartered in Ewing, New Jersey.
The Firm is registered as an investment adviser with the U.S. Securities and Exchange Commission. The Firm
was formed in 2021 and is owned by Pamela Perskie and Joseph Perskie.
As of December 31, 2023, Seven Mile Advisory managed approximately $328,014,197 in assets on a
discretionary basis (Assets Under Management or AUM). In addition, the Firm provided investment advice
for assets not under management (Assets Under Advisement or AUA), of approximately $1,124,997,162.
The combined total for AUM and AUA is approximately $1,453,011,359 in assets for approximately 33
relationships.
While this brochure generally describes the business of the Firm, certain sections also discuss the activities
of its Supervised Persons, which refer to the Firm’s officers, partners, directors (or other persons occupying
a similar status or performing similar functions), employees or any other person who provides investment
advice on the Firm’s behalf and is subject to the Firm’s supervision or control.
Advisory Services Offered
Seven Mile Advisory offers discretionary investment management and investment advisory services as well as
consulting services. The Firm does not offer a Wrap Program. Prior to the Firm rendering any of the foregoing
advisory services, clients are required to enter into one or more written agreements with the Firm setting forth
the relevant terms and conditions of the advisory relationship (the “Advisory Agreement”).
Investment Management Services
The Firm offers continuous and regular investment supervisory services on a discretionary basis as well as
consulting services. We work with clients and have the ongoing responsibility to select and/or make
recommendations based upon the objectives of the client. We utilize a variety of investment types when
making investment recommendations/purchases in client accounts which include, but are not limited to
equity securities, fixed income securities, alternatives, mutual funds, and independent investment
managers. The investments recommended/purchased are based off of the clients’ individual needs, goals,
and objectives. The Firm offers investment advice on any investment held by the client at the start of the
advisory relationship. We describe the material investment risks under Item 8 – Methods of Analysis,
Investment Strategies, and Risk of Loss.
We discuss our discretionary authority below under Item 16 – Investment Discretion. For more information
about the restriction’s clients can put on their accounts, see Tailored Services
and Client Imposed
Restrictions in this item below. We describe the fees charged for investment management services below
under Item 5 – Fees and Compensation.
Financial Planning and Consulting
The Firm provides a variety of consulting services to individuals, families and other c lients regarding their
financial resources based upon an analysis of client’s current situation, goals, and objectives. Consulting
encompasses one or more of the following areas: Financial Planning, Performance Reporting, Investment
Planning, Retirement Planning, Education Planning, Wealth Transfer and Tax Planning, Insurance Planning,
Charitable Planning and Business and Personal Financial Planning.
Services provided under an on-going consultation agreement are conducted on a regular basis, but no
less than annually with the client. The client is under no obligation to act upon the investment adviser’s
recommendation. If the client elects to act on our recommendations, the client is under no obligation to
affect the transaction through us.
We describe fees charged for Consultation Services below under Item 5 - Fees and Compensation.
Use of Independent Managers and Sub-Advisors
Seven Mile Advisory may select certain Independent Managers and/or Sub-Advisors to actively manage a
portion of its clients’ assets. The specific terms and conditions under which a client engages an Independent
Manager and/or Sub-Advisor may be set forth in a separate written agreement with the designated
Independent Managers engaged to manage their assets.
The Firm evaluates a variety of information about Independent Managers and/or Sub-Advisors, which may
include the Independent Managers’ and/or Sub-Advisors’ public disclosure documents, materials supplied
by the independent managers themselves and other third-party analyses it believes are reputable. To the
extent possible, the Firm seeks to assess the Independent Manager’s and/or Sub-Advisor’s investment
strategies, past performance, and risk results in relation to its clients’ individual portfolio allocations and
risk exposure. The Firm also takes into consideration each Independent Manager’s and/or Sub-Advisor’s
management style, returns, reputation, financial strength, reporting, pricing, and research capabilities,
among other factors.
The Firm continues to provide services relative to the discretionary selection of the Independent Managers
and/or Sub-Advisor. On an ongoing basis, the Firm monitors the performance of those accounts being
managed by Independent Managers. The Firm seeks to ensure the Independent Managers and/or Sub-
Advisor strategies and target allocations remain aligned with its clients’ investment objectives and overall
best interests.