Los Angeles, Calif.-based Miracle Mile Advisors has hired Carl Aschenbrenner as portfolio manager. Aschenbrenner will be responsible for strengthening the firm’s research process and individual security selection as well as manage client portfolios.

Most recently, Aschenbrenner served as an investment professional with Stonebridge Capital Management, where he was responsible for equity research, portfolio management and macroeconomic research. He also supported institutional growth equity strategies and high-net-worth separate accounts.

Miracle Mile Advisors is an independent registered investment advisor committed to developing tax-efficient portfolios using low cost index funds and ETFs.

Please send On the Move items to Kathy Lynch.