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Cobblestone Wealth Advisors
Cobblestone Wealth Management in Baltimore, Maryland empowers families and businesses with tailored investment plans reflecting goals, values, and priorities.
Overview
Cobblestone Wealth Management in Baltimore, Maryland empowers families and businesses with tailored investment plans reflecting goals, values, and priorities. It strives to be the premiere provider of values-based wealth management solutions to families and businesses in Baltimore and the region. As an investment advisor it incorporates clients' personal values such as family, community, sustainability, and social responsibility, including socially responsible investments (SRI).
General information
Firm type
Multi Family Office
Location
Region
North America
Country
United States
City
Brooklyn
Corporate office
New York, NY, United States
Principals
Todd Millay
Managing Director
Sector focus
Frequently asked questions
How does Cobblestone Wealth Advisors differ from a typical wealth management firm?
Cobblestone functions as an outsourced chief investment office rather than a traditional brokerage or private bank. It builds and manages institutional-style portfolios of external managers across private and public markets, charging a single advisory fee on assets rather than earning commissions on products sold.
Does the firm invest directly or through fund managers?
Cobblestone invests through external fund managers. The firm underwrites and selects private equity, real estate, hedge fund, and private credit funds on behalf of its client families, rather than making direct investments into companies or properties.
Who runs investment decisions at Cobblestone Wealth Advisors?
Todd Millay, a Managing Director, oversees investment decisions and client relationships. The firm operates with a high-touch model where the principal is directly involved in portfolio construction and manager selection for each family.
What is Cobblestone's known posture on co-investments alongside external GPs?
Cobblestone primarily commits through commingled funds rather than pursuing co-investments or direct deals. The firm's model emphasizes diversified exposure and manager selection over deal-by-deal underwriting.
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