MG Financial provides financial planning, portfolio management for pooled vehicles and selecting other managers. Financial planning was provided to 101–250 clients last fiscal year. The firm advises 21 private funds.
MG Financial reports 137 clients. They include 86 high-net-worth individuals, 29 individual clients and 21 pooled investment vehicles. Of its assets, 100.0% ($1.13B across 137 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 21% | <1% |
| High-net-worth individuals | 63% | 91% |
| Pooled investment vehicles | 15% | 8% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 29 | $6.58M | 0.6% | $227K |
| High-net-worth individuals | 86 | $1.02B | 90.8% | $11.9M |
| Pooled investment vehicles | 21 | $92.6M | 8.2% | $4.41M |
| Charitable organizations | Fewer than 5 | $5.2M | 0.5% | $5.2M |
| Total | 137 | $1.13B | 100% | — |
- Clients
- 29
- Regulatory AUM
- $6.58M
- AUM share
- 0.6%
- Avg. per client
- $227K
- Clients
- 86
- Regulatory AUM
- $1.02B
- AUM share
- 90.8%
- Avg. per client
- $11.9M
- Clients
- 21
- Regulatory AUM
- $92.6M
- AUM share
- 8.2%
- Avg. per client
- $4.41M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.2M
- AUM share
- 0.5%
- Avg. per client
- $5.2M
Total
- Clients
- 137
- Regulatory AUM
- $1.13B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 21
- Financial planning clients last fiscal year
- 101–250
MG Financial charges 0.50%–0.90% a year for its Advisory Fee - General Policy. Each asset band is charged at its own rate. The fee is billed in advance. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 0.90% |
| $2M–$5M | 0.85% |
| $5M–$10M | 0.75% |
| $10M and above | 0.50% |
Fee details and sources
Other fees
- Projects outside the asset-based fee
- Projects not covered by the asset-based fee are charged a fixed fee or an hourly rate of $85 to $850 an hour.
Aspen Standard Group, LLC owns 75% or more of MG Financial and is in turn owned by Aspen Standard Group Intermediate Co. LLC (75% or more). The leadership team of MG Financial includes Chief Compliance Officer Mary Gilligan. It has 9 employees, 4 of them in advisory roles.
Leadership
- Mary GilliganPrincipal, CEO and Chief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Kate Elisabeth Chilson
- Mary Elizabeth Gilligan
- Michael Thomas
Staff
- 9 employees
- 4 in advisory functions
- 3 state-registered reps
- Owns 75% or more of MG Financial LLC
Aspen Standard Group, LLC
Control person · since July 2025
- Owns 75% or more of Aspen Standard Group, LLC
Aspen Standard Group Intermediate Co. LLC
Control person · since July 2024
- Owns 75% or more of Aspen Standard Group Intermediate Co. LLC
Aspen Standard Group Topco LP
Control person · since August 2024
- Owns 75% or more of Aspen Standard Group Topco LP
Evergreen Services Group Topco II, LLC
Control person · since March 2025
- Owns 50% to 75% of Evergreen Services Group Topco II, LLC
Alpine Investors IX-A Splitter Eg II, LP
Control person · since March 2025
- Owns 75% or more of Alpine Investors IX-A Splitter Eg II, LP
Alpine Investors IX-A Blocker Eg II, LLC
Control person · since March 2025
- Owns 75% or more of Alpine Investors IX-A Blocker Eg II, LLC
Alpine Investors IX-A, LP
Control person · since March 2025
- Owns 25% to 50% of Evergreen Services Group Topco II, LLC
Alpine Investors IX, LP
Control person · since March 2025
MG Financial’s regulatory assets went from $1.18B (March 2021) to $1.13B (March 2026); clients rose from 119 to 137 and employees from 8 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.13B | 137 | 9 | 1 |
| March 2025 | $1.05B | 115 | 7 | 1 |
| March 2024 | $1.13B | 109 | 7 | 1 |
| March 2023 | $1.07B | 115 | 7 | 1 |
| March 2022 | $1.25B | 117 | 8 | 1 |
| March 2021 | $1.18B | 119 | 8 | 1 |
Besides its headquarters, MG Financial has 0 offices, with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 30 Braintree Hill Office Park, Suite 104, BraintreeHQ
Contact and registration details
- Legal name
- MG Financial LLC
- Headquarters
- 30 Braintree Hill Office Park, Suite 104, Braintree, MA 02184
- Website
- mgfinancial.com
- Phone
- 781-848-1163
- @mg-financial-llc
- SEC file
- 801-52511
- Structure
- Massachusetts LLC
- Fiscal year end
- December
MG Financial uses Fidelity ($596M, 67%) and J.P. Morgan ($300M, 33%) as custodians for its separately managed accounts. MG Financial has custody of $913M in client assets for 116 clients.
- FidelityNational Financial Services LLC · Boston, MA · $596M67%
- J.P. MorganJ.P. Morgan Securities LLC · Bellevue, WA · $300M33%
At year end, MG Financial’s separately managed accounts were mostly in stocks (69%) and funds (19%).
What the accounts hold
- Stocks69%
- Funds19%
- Pooled vehicles10%
- Registered funds9%
- Bonds7%
- State and local bonds6%
- Investment grade corporate bonds1%
- Cash5%
How many clients does MG Financial have?
MG Financial has 137 clients and manages $1.13 billion for them, as of March 2026. They include 86 high-net-worth individuals, 29 individual clients and 21 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does MG Financial offer?
MG Financial provides financial planning, portfolio management for pooled vehicles and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does MG Financial charge?
MG Financial charges 0.50%–0.90% a year for its Advisory Fee - General Policy. Each asset band is charged at its own rate. The fee is billed in advance.
Which custodians does MG Financial use?
MG Financial’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $596M and J.P. Morgan Securities LLC (Bellevue, WA), with $300M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does MG Financial have?
MG Financial has 3 investment adviser representatives registered with state securities authorities, out of 9 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does MG Financial invest in?
At the end of its last fiscal year, MG Financial’s separately managed accounts held 69% exchange-traded equities, 10% pooled vehicles (private funds and similar), 9% registered funds (mutual funds, ETFs, BDCs), 6% state and local bonds, 5% cash and equivalents and 1% investment grade corporate bonds. It advises 21 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns MG Financial?
MG Financial is owned through a chain of holding companies by Alpine Investors IX, LP and Alpine Investors IX-A, LP. Its direct owner is Aspen Standard Group, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does MG Financial get paid?
MG Financial is paid through a percentage of assets under management, hourly charges and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact MG Financial?
MG Financial’s main office is at 30 Braintree Hill Office Park, Suite 104, Braintree, MA 02184. Its phone number is 781-848-1163. Its website is mgfinancial.com.