Overview
MG Financial was founded in 1996 and is wholly owned only by its employees. The firm provides
advisory services to high net worth individuals, their families and affiliated trusts or foundations.
Our services include asset allocation, manager selection, charitable and family gift strategies, as
well as estate and income tax planning. Our focus is to develop, implement, monitor and evaluate
long term financial strategies and to integrate these strategies, while at the same time attend to
immediate issues as they arise in a client’s situation. MG Financial will oversee the asset
allocation and investment management for all of its clients, however, each client is provided with
the range of services best suited to his/her/their situation. Accordingly, all programs are tailored
to the needs of the client.
In most cases, our services are in the form of consultation and advice, with discretion. Services
are generally ongoing (i.e. long term) and comprehensive, providing financial planning advice with
regard to: income and estate taxation, asset allocation, manager selection, charitable giving
strategies, cash flow analysis, retirement planning, diversification strategies, stock option exercise
strategies,
insurance analysis, and other areas which may impact a client’s financial situation.
Client assets may be invested in separately managed accounts (i.e. manager purchases specific
stocks or bonds in client's segregated account) or pooled vehicles such as mutual funds or limited
partnerships.
In addition to working with a client to develop a plan, we also follow through to enable a client to
implement the particular strategy and then to monitor the plan/situation on an ongoing basis. As
part of our service, clients are provided with comprehensive quarterly reports, which address all
necessary areas of their financial situation. In some instances, monthly reports may be provided as
well. All reports are based on the information provided to us by the custodians and/or investment
managers for the client's account.
MG Financial is also the advisor to MGF Partners, L.P. (MGF Partners).
As stated above, MG Financial has discretion over the majority of clients’ assets, including MGF
Partners. As of December 31, 2023 MG Financial provided advice/services with regard to assets
under management (AUM) of $1,128,963,920 all of which was on a discretionary basis.