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Mill Creek Capital Advisors Announces Chief Investment Officer Transition PlanMill Creek Capital Advisors, LLC, an outsourced Chief Investment Officer firm managing assets of $9 billion for individual and institutional investors, announced today that Chief Investment Officer Thomas M. Chapin will transition to the role of Investment Committee Chairperson effective December 31, 2021. The Company will promote current Deputy Chief Investment Officer Michael W. Crook to Chief Investment Officer on that date. Mr. Chapin is a founding partner of Mill Creek and has served as the firm's Chief Investment Officer since its start in 2006. Previously, Mr. Chapin was a senior executive at The Vanguard Group where he held various leadership roles in investment management, marketing and client services during his 20+ year tenure. As Mill Creek's Chief Investment Officer, Mr. Chapin currently leads the firm's Investment Strategy and Communications business units. He is responsible for setting the firm's strategic and tactical asset allocation policies and for managing the selection and oversight of the external money managers hired to invest client assets across a broad mix of public and private investment securities, strategies, and markets. During his tenure as Chief Investment Officer, Mr. Chapin's leadership has guided the firm through some challenging investment periods, including the 2008-2009 financial market crisis and the 2020-2021 global pandemic. His steady hand - reflected in a risk-managed and expense-controlled approach to constructing client portfolios and jargon-free communications to clients concerning uncertain economies and capital markets - helped to distinguish Mill Creek from its many industry competitors. "It has been an honor to be a part of Mill Creek since we welcomed our first clients in 2006," said Mr. Chapin. "I am proud of the many significant milestones we have achieved as a team and of the very competitive investment outcomes that we have produced for our clients. Michael is an experienced and innovative investment professional under whose exceptional leadership Mill Creek's Investment Strategy team will continue to produce strong investment results for our growing client base". Mr. Crook joined the Company in 2020 from UBS Wealth Management where he served as a senior executive in its Chief Investment Office "It has been a pleasure working closely with Tom and I am excited to build upon Mill Creek's successes. The firm has experienced strong growth since I joined last year and I look forward to working closely with the partners, senior management team, talented employees and our clients to further leverage our unique position and excellent reputation" Joshua Gross, Chief Executive Officer said, "We are pleased to appoint Michael as Chief Investment Officer upon Tom's transition to Investment Committee Chairperson. We are confident in Michael's ability to lead the continued execution of our strategic vision through the Company's next phase of growth and development." "On behalf of the firm, I would like to thank Tom for his many contributions to Mill Creek as a founding partner and Chief Investment Officer. During his tenure, Tom has been a key driver in the firm's success as he built out our investment strategy from its robust intellectual roots into a very successful and increasingly imitated approach to best meet our clients' long-term investment goals. We wish Tom and Michael all the best in their new roles," added Mr. Gross. To learn more about Mill Creek Capital Advisors, visit www.millcreekcap.com. About Michael Crook, CAIA Michael Crook serves as Deputy Chief Investment Officer of Mill Creek Capital Advisors, LLC. As Deputy Chief Investment Officer he is responsible for the day-to-day operations of the investment team, overseeing manager due diligence, and asset allocation decisions. Prior to joining the firm, he was a Managing Director at UBS, where he headed the Investment Strategy team and was responsible for providing asset allocation and market advice to the firm's clients. Before joining UBS, Mr. Crook worked in various investments roles at Lehman Brothers (News - Alert) and Barclays and as a research fellow at the American Institute for Economic Research. He has also served as an adjunct professor of economics. Mr. Crook is a frequent commentator and invited speaker at industry conferences and financial media, including Bloomberg (News - Alert), CNBC, the Wall Street Journal, Reuters, Barron's, and Business Insider. He actively publishes his research in peer-reviewed journals, including the Journal of Wealth Management, the Journal of Investing, and the Journal of Index Investing. Mr. Crook graduated from the University of Georgia, earned a master's degree in economics at NYU, and holds the Chartered Alternative Investment Analyst (CAIA) designation. He currently volunteers as a mentor for veterans and college students. About Mill Creek Capital Advisors, LLC and Important Disclosures Mill Creek Capital Advisors, LLC ("MCCA") is an independent SEC (News - Alert) Registered Investment Advisory firm providing wealth management solutions to its clients. More information is available at https://www.millcreekcap.com/. This publication has been prepared by MCCA and is provided for information purposes only. It is not an offer to sell nor a solicitation of an offer to purchase any securities. Assets under management total is approximate and as of June 30, 2021. The trademarks "Mill Creek," "Mill Creek Capital," and "Mill Creek Capital Advisors" are the exclusive property of Mill Creek Capital Advisors, LLC, are registered with the U.S. Patent and Trademark Office, and may not be used without permission. © 2021 Mill Creek Capital Advisors, LLC. All Rights Reserved.
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