What MIO Partners does

MIO Partners Inc. is a global investment and advisory institution founded in the 1980s as a wholly-owned subsidiary of McKinsey & Company, serving exclusively as the in-house wealth manager and investment advisor for the firm's current and former partners, MIO partners and directors, and their immediate family members, totaling approximately 30,000 individuals. MIO manages approximately $20-26 billion in assets across public and private markets through three principal channels: limited partner investments and separately managed accounts with over 100 third-party hedge fund, private equity, and alternative managers; internally managed macro trading strategies across sovereign debt, commodities, foreign exchange, equity indices, and credit indices; and privately offered MIO Funds including the MIO Evergreen Fund ICAV and MIO Evergreen Master Fund ICAV. The firm also provides non-discretionary wealth advisory services through regional advisor teams in Asia, Europe, and the US, supported by a proprietary digital Balance Sheet Analysis tool, a client web portal, and iOS and Android mobile applications.

Name

MIO Partners

Legal name

MIO Partners, Inc.

Website

https://miopartners.com

Company type

Private

Founded year

1980

Operating status

Acquired

Headcount range

101–250 employees

Short description

MIO Partners is a McKinsey & Company subsidiary that provides investment management and wealth advisory services exclusively to approximately 30,000 current and former McKinsey partners, managing roughly $20-26 billion across public and private markets through MIO Funds, third-party managers, and internal macro strategies.

Ownership category

akta.pro rank

Product category

Wealth Management and Investment Advisory

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)

akta.pro secondary industries

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC), Family Office Advisory & Outsourced CIO (OCIO) (FSAAADAC), OCIO Providers (Outsourced CIO) (FSAAAGAH)

Keywords

• Wealth management services
• Investment advisory services
• Asset management
• Retirement planning services
• Alternative investments

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Asset-Based Management Fees: MIO earns asset-based management fees from MIO Funds. Current partners of McKinsey and MIO partners/directors do not pay direct compensation for advisory services, while former partners pay flat annual fees plus asset-based management fees and performance-based fees on MIO Funds.
2. Performance-Based Fees: MIO receives performance-based fees or allocations from certain MIO Funds when pre-defined benchmarks are exceeded. The firm is compensated on investment performance if benchmarks are exceeded.
3. Flat Annual Advisory Fees: Former partners of McKinsey, former partners and directors of MIO, and their immediate family members pay a flat annual fee for investment advisory services and wealth planning services for U.S., U.K., and U.A.E. tax residents.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

MIO Partners provides investment advisory and wealth management services exclusively to current and former McKinsey & Company partners and their immediate family members, managing approximately $20 billion across public and private markets. The firm delivers Wealth Advisory Services (asset allocation, financial planning, estate planning, tax and insurance referrals supported by a proprietary Balance Sheet Analysis tool) alongside Investment Management Services that deploy capital through MIO Funds, third-party hedge funds, private equity managers, and internally managed macro trading strategies. Services are non-discretionary and relationship-based, supported by regional advisor teams in Asia, Europe, and the United States.

Product overview

MIO Partners Inc. operates as a unified investment and advisory platform serving McKinsey & Company partners with two integrated service lines: Wealth Advisory Services providing comprehensive financial planning, retirement guidance, and access to a proprietary Balance Sheet Analysis tool; and Investment Management Services deploying approximately $20 billion across public and private markets through MIO Funds, third-party hedge funds, private equity, and internally managed macro strategies. The platform also includes mobile applications for iOS and Android, providing clients with on-the-go access to their investment accounts and portfolio analytics.

Differentiator

Problem solved

Functional benefit

Products and services

• Wealth Advisory Services Comprehensive wealth management service for McKinsey Active and Alumni Partners providing long-term wealth-building and retirement-planning guidance, asset allocation, portfolio construction, financial planning, estate planning, tax planning support, and insurance referrals through a third-party referral network. Delivered through regional advisors in Asia, Europe, and the U.S. with a proprietary digital Balance Sheet Analysis tool.
• Investment Management Services Asset management service deploying capital across hedge funds, private equity, and other alternative investment managers via limited-partner investments and separately managed accounts, complemented by internally managed macro trading strategies trading sovereign debt, commodities, foreign exchange, equity indices, and credit indices. Includes a diversified portfolio of well over 100 third-party managers across dozens of strategies.
• MIO Funds Privately-offered investment vehicles (including MIO Evergreen Fund ICAV and MIO Evergreen Master Fund ICAV) established primarily for eligible MIO clients that meet certain financial sophistication standards. Subject to Regulation (EU) 2019/2088 (SFDR) sustainability-related disclosure requirements.

Quantifiable outcome

• Performance-based compensation structure aligns MIO interests with client outcomes when benchmarks are exceeded

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Neuberger BermancoreStrategic or Co-development Partner · 10 February 2026Neuberger Berman agreed to acquire MIO Partners from McKinsey in a transaction expected to close in 2026 pending client consent and regulatory approvals. The deal would add $26 billion in AUM to Neuberger's existing $563 billion and bring on approximately 280 employees. Neuberger CEO George Walker indicated potential to open MIO's core investment strategies to new clients and expand capabilities in private assets. MIO's investment teams managing alternative strategies and advisory business will be integrated into Neuberger's platform.
• Third-Party Hedge Fund ManagerscoreStrategic or Co-development PartnerMIO has cultivated partnerships with over 100 exceptional fund managers across all major asset classes and strategies. Managers are selected based on ability to deliver superior risk-adjusted returns with commitment to adding value for clients. MIO either invests as limited partner or hires managers to manage capital on a discretionary basis in separately managed accounts.
• Third-Party Private Equity ManagerscoreStrategic or Co-development PartnerMIO partners with private equity managers across dozens of distinct strategies. The majority of MIO's active assets are managed with full discretion by third-party managers including private equity firms, deployed either directly as limited partner or through separately managed accounts.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Bessemer Trust: A multi-family office and wealth advisory firm serving ultra-high-net-worth families with investment management, wealth planning, and trust services. Directly comparable to MIO in serving a concentrated, high-net-worth client base with a comprehensive advisory and OCIO-style mandate.
• GenSpring Family Offices: A family office platform serving wealthy families with investment advisory, wealth planning, and alternative investment access. Directly comparable to MIO in delivering full-service wealth advisory plus outsourced investment management with a strong alternatives orientation.
• Pitcairn: A multi-family office serving high-net-worth families with holistic wealth management, including alternative investments and OCIO services. Comparable to MIO in providing conflict-free, performance-aligned advice with a focus on alternatives access.
• Russell Investments: A global investment solutions and OCIO provider that delegates the majority of active assets to third-party managers. Closely comparable to MIO in operating an OCIO-style multi-manager model with strong alternatives exposure and institutional roots.
• Mercer Advisors: A national RIA offering comprehensive wealth advisory, investment management, and financial planning to high-net-worth clients. Comparable to MIO in providing fee-based advisory plus OCIO-style investment management with alternatives capability.
• Cambridge Associates: An OCIO and investment advisory firm serving foundations, endowments, and wealthy families via multi-manager portfolio construction with strong alternatives access. Comparable to MIO in delivering long-horizon, benchmark-driven advisory with manager selection as a core competency.

Broad incumbents

• Goldman Sachs Personal Financial Management: The wealth advisory arm of Goldman Sachs serving high-net-worth individuals and families. Comparable to MIO as a comprehensive wealth advisory business, though embedded in a much larger universal bank with broader product offerings.
• Morgan Stanley Wealth Management: A large-scale wealth management franchise offering investment advisory, financial planning, and alternatives access to affluent and high-net-worth clients. Comparable to MIO in offering holistic wealth advisory with alternatives exposure, though at much greater scale and a broader client base.
• Neuberger Berman: The announced acquirer of MIO, an established private, independent, employee-owned investment manager with $563B AUM. Comparable as a destination platform for MIO's clients and as a broader incumbent in private wealth, alternatives, and OCIO.
• BrightSphere Investment Group: A publicly traded holding company of boutique asset and wealth management firms. Comparable to MIO as a multi-affiliate wealth and investment management platform, though operating at greater scale and with external retail and institutional distribution.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MIO Partners