Description of Advisory Firm Millennial Wealth LLC is registered as an Investment Adviser, principally located in the state of Washington. We are a limited liability company founded in 2017. Levi Sanchez is the principal owner and Chief Compliance Officer (“CCO”).
Millennial Wealth LLC also uses the assumed business name of Ignite Financial Planning. As used in this brochure, the words “MW”, "we", "our firm", “Advisor” and "us" refer to Millennial Wealth LLC and Ignite Financial Planning and the words "you", "your" and "client" refer to you as either a client or prospective client of our firm.
Types of Advisory Services Currently, we offer the following investment advisory services, personalized for each individual client: ● Comprehensive FInancial Planning - This includes Financial Planning and Discretionary Investment Management services Comprehensive Financial Planning Comprehensive FInancial Planning encompasses financial planning and investment management services. This service involves working one-on-one with a financial planner (“planner”) over an extended period of time.
Through this ongoing arrangement, clients are expected to collaborate with the planner to develop and assist in the implementation of their financial plan (the “plan”). The planner will monitor the plan, recommend any appropriate changes and ensure the plan is up-to-date as the client’s situation, goals, and objectives evolve.
Financial Planning. Upon engaging Advisor for financial planning services, MW is responsible for obtaining and analyzing all necessary qualitative and quantitative information from the client that is essential to understanding the client’s personal and financial circumstances; helping the client identify, select, and prioritize certain financial goals while understanding the effect that pursuing one goal may have on other potential goals; assessing the client’s current course of action and alternative courses of action to identify required changes that provide the best opportunity for the client to meet their financial goals; developing & presenting financial planning recommendations based on the aforementioned actions while including all information that was required to be considered in preparing the recommendations; and ongoing monitoring of the client’s progress toward the goals and objectives that the recommendations are based around. These components all require in-depth communication with the client in order for the planner to establish a financial plan and implementation strategy that provides the client with the most appropriate options in pursuing their established goals and objectives.
Investment Management. Advisor also offers Investment Management services, in addition to financial planning services. Our firm provides continuous

advice to a client regarding the investment of client funds based on the individual needs of the client. Through personal discussions in which goals and objectives based on a client's particular circumstances are established, we develop a client's personal investment policy or an investment plan with an asset allocation target and create and manage a portfolio based on that policy and allocation targets. We will also review and discuss a client’s prior investment history, as well as family composition and background.
Account supervision is guided by the stated objectives of the client (e.g., maximum capital appreciation, growth, income, or growth, and income), as well as risk tolerance and tax considerations.
We primarily advise our clients regarding investments in stocks, bonds, mutual funds, ETFs, U.S. government and municipal securities, and cash and cash equivalents. We may also provide advice regarding investments held in the client's portfolio at the inception of our advisory relationship and/or other investment types not listed above, at the client’s request.
When we provide investment management services, clients grant us limited authority to buy and sell securities on a discretionary basis. More information on our trading authority is explained in Item 16 of this Brochure.
clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors.
For certain clients with $500,000 or more in assets we manage, we may offer to offset tax filing and estate planning services through our partners at no additional cost. There is no obligation to use our recommended providers and we do not share in their fee nor receive any referral compensation.
In addition to managing investment portfolios directly, we will also provide ongoing advice and supervision on accounts that the client chooses to have us monitor and provide recommendations for but cannot be transferred to one of our recommended custodians listed in Item 12. These accounts may include 529 Plans, 401(k) and other employer sponsored tax qualified accounts, as well as other brokerage accounts that the client maintains at other financial institutions (“held-away accounts”). This portion of the service will include MW’s selection of the appropriate investments based on the options that are available for the clients' held away account(s) and ongoing monitoring and reporting on those accounts. MW may include the value of any held away accounts when calculating the total advisory fee for accounts in which MW provides ongoing advice and supervision.
When suitable, we may utilize the services of third-party investment advisers (“Money Managers”) to assist with the management of client accounts. Our review process and analysis of Money Managers is further discussed in