MLG Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, educational seminars, education planning, insurance, retirement plan services, and tax planning. Financial planning was provided to 26–50 clients last fiscal year.
MLG Wealth Management reports 1,404 clients. They include 898 individual clients and 506 high-net-worth individuals. Of its assets, 100.0% ($1.49B across 4,270 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 64% | 25% |
| High-net-worth individuals | 36% | 75% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 898 | $380M | 25.5% | $423K |
| High-net-worth individuals | 506 | $1.11B | 74.5% | $2.2M |
| Total | 1,404 | $1.49B | 100% | $1.06M |
- Clients
- 898
- Regulatory AUM
- $380M
- AUM share
- 25.5%
- Avg. per client
- $423K
- Clients
- 506
- Regulatory AUM
- $1.11B
- AUM share
- 74.5%
- Avg. per client
- $2.2M
Total
- Clients
- 1,404
- Regulatory AUM
- $1.49B
- AUM share
- 100%
- Avg. per client
- $1.06M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
MLG Wealth Management charges up to 1.25% a year for its Asset Management Services. The fee is billed in advance, is negotiable and requires an account of at least $250,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Negotiated fixed fee, generally at least $2,500 and generally no more than $10,000; no more than $1,200 is taken more than six months in advance.
- Retirement Plan Services
- Annual fee of up to 0.50% per year of plan assets, payable by the plan or pro rata by each participant, billed quarterly in advance; negotiable.
Matthew Gulbransen owns 75% or more of MLG Wealth Management. The leadership team of MLG Wealth Management includes President Matthew Gulbransen. It has 24 employees, 14 of them in advisory roles.
Leadership
- Matthew GulbransenPresident and Chief Compliance Officer
Investment adviser representatives
14 representatives listed in the SEC register as of 9 October 2026.
- Dean Daichi Allen
- Joshua Paul Anderson
- Michael Gregory Babicz
- Joel Dean Baumgarten
- Michelle Lynn Campbell
- Jeffrey Allan Clark
- Nicholas Wayne Fahrendorff
- Matthew Lee Gulbransen
- Jared William Holt
- Jason Michael Johnson
- Terra Rose Johnson
- Ryan Jeffrey Key
- Lauren Elizabeth Naze
- Derek Jonathan Nutter
Staff
- 24 employees
- 14 in advisory functions
- 14 state-registered reps
- 6 insurance agents
- 1 soliciting firm
- Owns 75% or more of MLG Wealth Management, Inc.
Matthew Gulbransen
Control person · since March 2020
MLG Wealth Management’s regulatory assets grew 2.9× from $507M (January 2021) to $1.49B (May 2026); clients rose from 875 to 1,404 and employees from 11 to 24. In 2024, Aurochs Financial Group joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $1.49B | 1,404 | 24 | 4 |
| February 2025 | $1.25B | 1,318 | 21 | 4 |
| March 2024 | $1.03B | 1,188 | 20 | 4 |
| May 2023 | $700M | 903 | 10 | 4 |
| March 2022 | $626M | 920 | 10 | 3 |
| January 2021 | $507M | 875 | 11 | 3 |
Firms that joined
20241 joined
- Aurochs Financial GroupNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, MLG Wealth Management has 3 offices, with 4 listed addresses in Minnesota.
Minnesota · 4 listed addresses
- 796 Bielenberg DR., Suite 103, WoodburyHQ
- 13100 Wayzata BLVD, Minnetonka
- 5353 Gamble DR. #310, St. Louis Park
- 14665 Galaxie Ave, Apple Valley
Contact and registration details
- Legal name
- MLG Wealth Management, Inc.
- Headquarters
- 796 Bielenberg DR., Suite 103, Woodbury, MN 55125-1412
- Website
- pinegrovefg.com
- Phone
- 651-714-0323
- @pine-grove-financial-group
- SEC file
- 801-118868
- Structure
- Minnesota corporation
- Fiscal year end
- December
MLG Wealth Management uses Charles Schwab ($1.49B) as custodian for its separately managed accounts. MLG Wealth Management has custody of $657K in client assets for 1,715 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $1.49B100%
At year end, MLG Wealth Management’s separately managed accounts were mostly in funds (92%).
What the accounts hold
- Stocks4%
- Funds92%
- Cash4%
How many clients does MLG Wealth Management have?
MLG Wealth Management has 1,404 clients and manages $1.49 billion for them, as of May 2026. They include 898 individual clients and 506 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 May 2026
What services does MLG Wealth Management offer?
MLG Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, educational seminars, education planning, insurance, retirement plan services, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does MLG Wealth Management charge?
MLG Wealth Management charges up to 1.25% a year for its Asset Management Services. The fee is billed in advance, is negotiable and requires an account of at least $250,000.
Source: 2026-05-19 PINE GROVE FINANCIAL GROUP ADV PART 2A, filed 19 May 2026
Which custodians does MLG Wealth Management use?
MLG Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $1.49B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 May 2026
How many financial advisors does MLG Wealth Management have?
MLG Wealth Management has 14 investment adviser representatives registered with state securities authorities, out of 24 employees, and 14 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 6 employees are 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 MLG Wealth Management invest in?
At the end of its last fiscal year, MLG Wealth Management’s separately managed accounts held 92% registered funds (mutual funds, ETFs, BDCs), 4% exchange-traded equities and 4% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does MLG Wealth Management have a minimum investment?
Yes, MLG Wealth Management’s minimum account size for its Asset Management Services is $250K.
Source: 2026-05-19 PINE GROVE FINANCIAL GROUP ADV PART 2A, filed 19 May 2026
Who owns MLG Wealth Management?
MLG Wealth Management’s direct owner is Matthew Gulbransen (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 19 May 2026
How does MLG Wealth Management get paid?
MLG Wealth Management is paid through a percentage of assets under management, fixed fees 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 MLG Wealth Management?
MLG Wealth Management’s main office is at 796 Bielenberg DR., Suite 103, Woodbury, MN 55125-1412. Its phone number is 651-714-0323. Its website is pinegrovefg.com.