Mg Financial Llc
- Regulatory AUM
- $1.1B
- Discretionary
- $1.1B
- Clients
- 137
- Avg AUM / client
- $8.2M
- Accounts
- 137
- Employees
- 9
AUM over time
Annual snapshots from Form ADV filings · as of Mar 24, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 29 | $6.6M | 0.58% |
| High net worth individuals | 86 | $1.0B | 90.8% |
| Pooled investment vehicles (non-investment companies) | 21 | $92.6M | 8.2% |
| Charitable organizations | 1 | $5.2M | 0.46% |
Private funds (14)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $66.9M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Mgf Partners Lp Wave Equity Series I | Private Equity Fund | Delaware | $18.8M | 7 |
| Mgf Partners Bain Xii | Private Equity Fund | Delaware | $10.7M | 11 |
| Mgf Partners Bain Xi Series | Private Equity Fund | Delaware | $5.6M | 13 |
| Mgf Partners Bain Asia Iv | Private Equity Fund | Delaware | $4.0M | 7 |
| Mgf Partners Bain Xiii | Private Equity Fund | Delaware | $3.6M | 10 |
| Mgf Partners Lp Wave Iii Equity Series | Private Equity Fund | Delaware | $3.5M | 10 |
| Mgf Partners Lp Arclight Energy Vi Series 1 | Private Equity Fund | Delaware | $3.5M | 9 |
| Mgf Partners Bain Venture Series | Private Equity Fund | Delaware | $3.3M | 9 |
| Mgf Partners Bain Asia Iii | Private Equity Fund | Delaware | $3.2M | 6 |
| Mgf Partners Tcv Xii Series | Private Equity Fund | Delaware | $3.0M | 12 |
| Mgf Partners Lp Bain Asia Capital Fund | Private Equity Fund | Delaware | $2.9M | 11 |
| Mgf Partners Bcv Crypto Fund Series | Private Equity Fund | Delaware | $2.0M | 9 |
| Mgf Partners Mcj 2023 Series | Private Equity Fund | Delaware | $1.6M | 15 |
| Mgf Partners Lp Special Opportunities Iv Private Equity Series I | Hedge Fund | Delaware | $1.0M | 13 |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Mary Elizabeth Gilligan | Principal And Chief Compliance Officer | Nov 2001 (25y) | 75% or more | |
| Kate Elisabeth Chilson | Principal; Vice President|Client Services | Jan 2020 (7y) | 10% – 25% | |
| Thomas, Carol, Ann | Principal; Vice President/Operations | Jan 2020 (7y) | 5% – 10% | |
| Michael Thomas | Registered representative | Nov 2025 (1y) |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (14, $66.9M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Mgf Partners Lp Wave Equity Series I | Private Equity Fund | $18.8M | $250K | 7 |
| Mgf Partners Bain Xii | Private Equity Fund | $10.7M | $100K | 11 |
| Mgf Partners Bain Xi Series | Private Equity Fund | $5.6M | $100K | 13 |
| Mgf Partners Bain Asia Iv | Private Equity Fund | $4.0M | $100K | 7 |
| Mgf Partners Bain Xiii | Private Equity Fund | $3.6M | $100K | 10 |
| Mgf Partners Lp Wave Iii Equity Series | Private Equity Fund | $3.5M | $100K | 10 |
| Mgf Partners Lp Arclight Energy Vi Series 1 | Private Equity Fund | $3.5M | $150K | 9 |
| Mgf Partners Bain Venture Series | Private Equity Fund | $3.3M | $100K | 9 |
| Mgf Partners Bain Asia Iii | Private Equity Fund | $3.2M | $100K | 6 |
| Mgf Partners Tcv Xii Series | Private Equity Fund | $3.0M | $100K | 12 |
| Mgf Partners Lp Bain Asia Capital Fund | Private Equity Fund | $2.9M | $100K | 11 |
| Mgf Partners Bcv Crypto Fund Series | Private Equity Fund | $2.0M | $100K | 9 |
| Mgf Partners Mcj 2023 Series | Private Equity Fund | $1.6M | $100K | 15 |
| Mgf Partners Lp Special Opportunities Iv Private Equity Series I | Hedge Fund | $1.0M | $250K | 13 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/24/2026 | 4.38 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Other fees
- • ANNUAL RETAINER FOR SERVICES NOT COVERED BY AN ASSET BASED FEE.
Services
- • Financial planning services
- • Portfolio management for pooled investment vehicles
- • Selection of other advisers
Custody
Reported custodians
- National Financial Services (Fidelity) $596M (53% of AUM) Mar 2026
- J.P. Morgan $300M (27% of AUM) Mar 2026
- Pershing $283M (25% of AUM) Mar 2024
- Merrill Lynch $138M (12% of AUM) Mar 2021
- Morgan Stanley $118M (10% of AUM) Mar 2021
- State Street $101M (10% of AUM) Mar 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 24, 2026.
View current Form ADV (SEC/IAPD) ↗