The Origin of 103
103 Advisory Group is named in honor of founder Rick Milton’s grandmother, Bernadine Cushman. Born in 1914, she came of age during the Great Depression and saw firsthand the most profound destruction of wealth in modern United States history. Like so many in her generation, her views about money and its purpose were indelibly shaped by this tumultuous situation. She carried these experiences with her the rest of her life and passed on the wisdom she gained from it to her children and grandchildren.
She always prioritized what mattered most in life, and she focused her energies on what she could control. She never wasted much time worrying about expensive material goods, so she found it easy to be content with what she had. Perhaps this peace of mind is what contributed to her incredible longevity—she passed a few years after her 103rd birthday. For perspective, the average life expectancy of a woman born in 1914 was less than 60 years! Her long life is a testament to the importance of preparing for, and working toward, long-term results, and in the spirit of her powerful legacy, we founded the 103 Advisory Group.
Richard J. Milton | CFA
As the Founder and Managing Partner of 103 Advisory Group LLC Rick is responsible for relationship management, investment management, and business development. He is frequently invited to speak at conferences and has had the privilege of sharing his investment insight with wealth management professionals across the country.
Prior to starting 103 Advisory Group LLC, Rick was a founding partner of MainStreet Investment Advisors LLC. Over 17 years at MainStreet he provided investment advisory services to community bank trust departments and grew the organization from start-up to over $7 billion in assets today. Rick and his partners sold MainStreet to MB Financial (“MBFI”) in 2015. MB Financial was further acquired by Fifth Third Bank (“FITB”) in 2018.
Additionally, Rick has served as a Portfolio Manager at Feldman Securities Group, a Senior Analyst in the Private Equity Valuation Group at KPMG LLP and began his career at Bank One in Chicago as an Investment Officer.
Rick lives in Chicago with his wife and two school-age daughters. He enjoys running, cycling, skiing and vacation travel. He has completed two Ironman Triathlons, several marathons, and countless races.
John Mariscalco | CFA, CFP®
As a Wealth Advisor at 103 Advisory Group LLC, John listens to the needs of his clients and collaborates with them to design, build, and oversee solutions that fit their unique goals and objectives. He focuses on integrating wealth management concepts associated with taxes, estate planning and goals-based investing. John has experience advising young families, individuals with equity-based compensation, finance professionals, business owners, and retirees, along with private family foundations.
Prior to partnering with Rick at 103 Advisory Group LLC, John was an Associate Wealth Advisor at Strategic Wealth Partners. He has 15 years’ experience in the financial services industry, which have included roles in portfolio management, investment research and litigation support.
John lives in Chicago with his wife and two daughters. Outside the office, John enjoys family time, golf, running, cycling, and landscape projects…along with the occasional pick-up soccer game. He has completed an Ironman 70.3 Triathlon and played Men’s Varsity Soccer at Butler University. He is President of the Sauganash Community Association in Chicago and a member of the Crohn’s & Colitis Foundation Illinois Chapter.
As Vice President of Operations at 103 Advisory Group LLC, Justin is responsible for investment operations, data management, investment research, and client service. He is currently studying for level 2 of the Chartered Financial Analyst (CFA®) exam.
Prior to joining 103 Advisory Group LLC, Justin worked in the Hedge Fund Services group at Northern Trust. As a Senior Consultant, he worked with Citadel LLC to automate trade reconciliation and risk management processes.
After graduating from Virginia Tech in 2017 with a BS in Finance, Justin started his career in Wealth Management at Merrill Lynch. After Merrill Lynch, he spent a few years working at Toth Financial Advisory Corporation where he assisted in client service, operations, and investment research for high net worth and ultra-high net worth families.
Justin lives in downtown Chicago. Outside of the office, he enjoys playing volleyball and kickball in the Chicago Sport and Social Club as well as spending time visiting the lake and trying new restaurants.