{"url":"https://nivawealth.com/firms/mg-financial-107649","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/107649","regulatoryAum":1128972031,"crd":"107649","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7245220","suffix":null,"lastName":"Chilson","firstName":"Kate","middleName":"Elisabeth"},{"crd":"1349564","suffix":null,"lastName":"GILLIGAN","firstName":"MARY","middleName":"ELIZABETH"},{"crd":"8158706","suffix":null,"lastName":"Thomas","firstName":"Michael","middleName":null}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-17","regulatoryAum":1181600030,"clients":119,"employees":8,"offices":1},{"filedOn":"2022-03-22","regulatoryAum":1252015531,"clients":117,"employees":8,"offices":1},{"filedOn":"2023-03-28","regulatoryAum":1065578271,"clients":115,"employees":7,"offices":1},{"filedOn":"2024-03-25","regulatoryAum":1129381569,"clients":109,"employees":7,"offices":1},{"filedOn":"2025-03-28","regulatoryAum":1051145842,"clients":115,"employees":7,"offices":1},{"filedOn":"2026-03-24","regulatoryAum":1128972031,"clients":137,"employees":9,"offices":1}],"secFileNumber":"801-52511","legalName":"MG Financial LLC","displayName":"MG Financial","slug":"mg-financial-107649","website":"https://mgfinancial.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/107649/10000b7a132a2ac1-r1.webp","tone":"light","width":893,"height":200,"sourceUrl":"https://www.mgfinancial.com","sourceLabel":"MG Financial LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/mg-financial-llc/","founded":null,"organization":"Massachusetts limited liability company","fiscalYearEnd":"December","headquarters":{"street":"30 Braintree Hill Office Park, Suite 104","city":"Braintree","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02184"},"tradeNames":[],"registration":{"secApproved":"26 July 1996","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":8966524.495652175,"staff":{"employees":9,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":1128972031,"discretionary":1128972031,"discretionaryAccounts":137,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":29,"regulatoryAum":6581175},{"label":"High-net-worth individuals","clients":86,"regulatoryAum":1024569142},{"label":"Pooled investment vehicles","clients":21,"regulatoryAum":92619607},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":5202107}],"feePrograms":[{"role":"main","program":"Advisory Fee - General Policy","feeBasis":"marginal","fee_tiers":[{"to":2000000,"pct":0.9,"from":0},{"to":5000000,"pct":0.85,"from":2000000},{"to":10000000,"pct":0.75,"from":5000000},{"to":null,"pct":0.5,"from":10000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024814","versionId":1024814,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-24","documentName":"MG FINANCIAL LLC","fee_rate_low":0.5,"fee_rate_high":0.9,"fee_negotiable":null,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Projects outside the asset-based fee","summary":"Projects not covered by the asset-based fee are charged a fixed fee or an hourly rate of $85 to $850 an hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024814","versionId":1024814,"submittedOn":"2026-03-24","documentName":"MG FINANCIAL LLC"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T04:06:15.764039+00:00","documents":[{"name":"MG FINANCIAL LLC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024814","versionId":1024814,"submittedOn":"2026-03-24"}]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":596423453},{"name":"J.P. Morgan Securities LLC","shortName":"J.P. Morgan","location":"Bellevue, WA","smaAssets":300078181}],"custodyNote":"MG Financial has custody of $913M in client assets for 116 clients.","otherCustodians":[],"leadership":[{"name":"Mary Gilligan","title":"Principal, CEO and Chief Compliance Officer","crd":"1349564"}],"ownership":[{"label":"Aspen Standard Group, LLC","detail":"Member in the 75% or more ownership band and a control person, since July 2025."},{"label":"Aspen Standard Group Intermediate Co. LLC","detail":"Indirect owner: a member of Aspen Standard Group, LLC in the 75% or more band and a control person, since July 2024.","parent":"Aspen Standard Group, LLC"},{"label":"Aspen Standard Group Topco LP","detail":"Indirect owner: a member of Aspen Standard Group Intermediate Co. LLC in the 75% or more band and a control person, since August 2024.","parent":"Aspen Standard Group Intermediate Co. LLC"},{"label":"Evergreen Services Group Topco II, LLC","detail":"Indirect owner: a partner of Aspen Standard Group Topco LP in the 75% or more band and a control person, since March 2025.","parent":"Aspen Standard Group Topco LP"},{"label":"Alpine Investors IX, LP","detail":"Indirect owner: a member of Evergreen Services Group Topco II, LLC in the 25% to 50% band and a control person, since March 2025.","parent":"Evergreen Services Group Topco II, LLC"},{"label":"Alpine Investors IX-A Splitter Eg II, LP","detail":"Indirect owner: a member of Evergreen Services Group Topco II, LLC in the 50% to 75% band and a control person, since March 2025.","parent":"Evergreen Services Group Topco II, LLC"},{"label":"Alpine Investors IX-A Blocker Eg II, LLC","detail":"Indirect owner: a partner of Alpine Investors IX-A Splitter Eg II, LP in the 75% or more band and a control person, since March 2025.","parent":"Alpine Investors IX-A Splitter Eg II, LP"},{"label":"Alpine Investors IX-A, LP","detail":"Indirect owner: a member of Alpine Investors IX-A Blocker Eg II, LLC in the 75% or more band and a control person, since March 2025.","parent":"Alpine Investors IX-A Blocker Eg II, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"30 Braintree Hill Office Park, Suite 104","city":"Braintree","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"781-848-1163","stateRegisteredReps":3,"otherAdviserReps":2,"compensation":["A percentage of assets under management","Hourly charges","Other"],"activities":["Financial planning services","Portfolio management for pooled investment vehicles (other than investment companies)","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":69},{"label":"U.S. state and local bonds","percent":6},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":9},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":10},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":21},"sources":{"adv1FilingDate":"24 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/107649/PDF/107649.pdf","brochureDate":"24 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024814","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does MG Financial have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does MG Financial offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does MG Financial charge?","answer":"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.","source":"MG FINANCIAL LLC, filed 24 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does MG Financial use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does MG Financial have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does MG Financial invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns MG Financial?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does MG Financial get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact MG Financial?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}