{"url":"https://nivawealth.com/firms/mlg-wealth-management-308193","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/308193","regulatoryAum":1491320609,"crd":"308193","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7731616","suffix":null,"lastName":"Allen","firstName":"Dean","middleName":"Daichi"},{"crd":"7257248","suffix":null,"lastName":"Anderson","firstName":"Joshua","middleName":"Paul"},{"crd":"8053169","suffix":null,"lastName":"Babicz","firstName":"Michael","middleName":"Gregory"},{"crd":"5462331","suffix":null,"lastName":"BAUMGARTEN","firstName":"JOEL","middleName":"DEAN"},{"crd":"2171019","suffix":null,"lastName":"CAMPBELL","firstName":"MICHELLE","middleName":"LYNN"},{"crd":"5858137","suffix":null,"lastName":"CLARK","firstName":"JEFFREY","middleName":"ALLAN"},{"crd":"8142319","suffix":null,"lastName":"Fahrendorff","firstName":"Nicholas","middleName":"Wayne"},{"crd":"4920019","suffix":null,"lastName":"Gulbransen","firstName":"Matthew","middleName":"Lee"},{"crd":"6024370","suffix":null,"lastName":"HOLT","firstName":"JARED","middleName":"WILLIAM"},{"crd":"4162796","suffix":null,"lastName":"JOHNSON","firstName":"JASON","middleName":"MICHAEL"},{"crd":"5977205","suffix":null,"lastName":"Johnson","firstName":"Terra","middleName":"Rose"},{"crd":"6342367","suffix":null,"lastName":"Key","firstName":"Ryan","middleName":"Jeffrey"},{"crd":"7125182","suffix":null,"lastName":"Naze","firstName":"Lauren","middleName":"Elizabeth"},{"crd":"4780176","suffix":null,"lastName":"NUTTER","firstName":"DEREK","middleName":"JONATHAN"}],"total":14,"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":"2021-01-22","regulatoryAum":507165135,"clients":875,"employees":11,"offices":3},{"filedOn":"2022-03-16","regulatoryAum":626206273,"clients":920,"employees":10,"offices":3},{"filedOn":"2023-05-16","regulatoryAum":699796326,"clients":903,"employees":10,"offices":4},{"filedOn":"2024-03-04","regulatoryAum":1027139612,"clients":1188,"employees":20,"offices":4},{"filedOn":"2025-02-12","regulatoryAum":1247926037,"clients":1318,"employees":21,"offices":4},{"filedOn":"2026-05-19","regulatoryAum":1491320609,"clients":1404,"employees":24,"offices":4}],"acquisitions":[{"date":"2024-10-01","datePrecision":"month","name":"Aurochs Financial Group","crd":"114426","source":"press","dealType":"acquisition","sellerAum":null,"sellerAumDate":null,"sourceUrl":"https://www.dakota.com/fundraising-news/report-pine-grove-to-acquire-110m-aurochs-financial"}],"secFileNumber":"801-118868","legalName":"MLG Wealth Management, Inc.","displayName":"MLG Wealth Management","slug":"mlg-wealth-management-308193","website":"https://pinegrovefg.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/pine-grove-financial-group/","founded":null,"organization":"Minnesota corporation","fiscalYearEnd":"December","headquarters":{"street":"796 Bielenberg DR., Suite 103","city":"Woodbury","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55125-1412"},"tradeNames":[],"registration":{"secApproved":"5 June 2020","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1062194.165954416,"staff":{"employees":24,"advisory":14,"brokerDealerReps":0,"insuranceAgents":6,"promoters":1},"aum":{"regulatory":1491320609,"discretionary":1491320609,"discretionaryAccounts":4270,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":898,"regulatoryAum":379553812},{"label":"High-net-worth individuals","clients":506,"regulatoryAum":1111766797}],"feePrograms":[{"role":"main","program":"Asset Management Services","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1045679","versionId":1045679,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-05-19","documentName":"2026-05-19 PINE GROVE FINANCIAL GROUP ADV PART 2A","fee_rate_low":null,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":250000,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning Services","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1045679","versionId":1045679,"submittedOn":"2026-05-19","documentName":"2026-05-19 PINE GROVE FINANCIAL GROUP ADV PART 2A"},{"role":"other","program":"Retirement Plan Services","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1045679","versionId":1045679,"submittedOn":"2026-05-19","documentName":"2026-05-19 PINE GROVE FINANCIAL GROUP ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T05:29:49.840186+00:00","documents":[{"name":"2026-05-19 PINE GROVE FINANCIAL GROUP ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1045679","versionId":1045679,"submittedOn":"2026-05-19"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":1491320609}],"custodyNote":"MLG Wealth Management has custody of $657K in client assets for 1,715 clients.","otherCustodians":[],"leadership":[{"name":"Matthew Gulbransen","title":"President and Chief Compliance Officer","crd":"4920019"}],"ownership":[{"label":"Matthew Gulbransen","detail":"President and chief compliance officer in the 75% or more ownership band and a control person, since March 2020."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":0},"listedOfficeAddresses":4,"foreignOffices":[],"officesByState":[{"state":"Minnesota","offices":4,"addresses":[{"street":"796 Bielenberg DR., Suite 103","city":"Woodbury","headquarters":true},{"street":"13100 Wayzata BLVD","city":"Minnetonka"},{"street":"5353 Gamble DR. #310","city":"St. Louis Park"},{"street":"14665 Galaxie Ave","city":"Apple Valley"}]}],"brochureServices":["education planning","insurance","retirement plan services","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"651-714-0323","stateRegisteredReps":14,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":4},{"label":"Securities issued by registered investment companies or business development companies","percent":92},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"19 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/308193/PDF/308193.pdf","brochureDate":"19 May 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1045679","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 MLG Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does MLG Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does MLG Wealth Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does MLG Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does MLG Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does MLG Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does MLG Wealth Management have a minimum investment?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns MLG Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does MLG Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact MLG Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 19 May 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."}