Mgo Private Wealth, LLC

CRD#283909
Investment Advisor Firm

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Learn more about Mgo Private Wealth, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Mgo Private Wealth, LLC is an advisory firm that has its headquarters in Irvine, California. The firm has $375.6 million in total assets throughout 542 customer accounts, making it one of the larger investment advisory firms in the United States by assets under management (AUM). The firm has a small team, including 6 financial advisors. Mgo Private Wealth, LLC does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal assets such as equities, options and bonds.

    Mgo Private Wealth, LLC administers most of its accounts in a discretionary manner. Discretionary management signifies that buy and sell decisions are made by a portfolio manager without needing the client's approval. Mgo Private Wealth, LLC also has five non-discretionary accounts totaling $38.0 million in assets. The firm's typical account size is $693,035. The typical advisor at Mgo Private Wealth, LLC manages around 90 client accounts.

    The firm's main office is located at 111 Pacifica, Irvine, California 92618. The company is registered to provide services to investors throughout a number of states, including California, Florida, Texas and Washington.

    Assets Under Management

    $375.6 million

    Number of Advisors

    6

    Disclosures

    No

    Office Location

    111 Pacifica
    Irvine, CA 92618

    Mgo Private Wealth, LLC by the Numbers

    Total Assets Under Management

    $375.6 million

    National Average: $8.6 billion
    Total Number of Employees

    17

    National Average: 64
    Total Number of Accounts

    542

    National Average: 375,227
    Average Account Size

    $693.0 thousand

    National Average: $23.0 thousand
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    Products and Services

    Mgo Private Wealth, LLC provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the last financial year, the company provided 11-25 of its customers with financial planning services. The company does sell products or offer services different than investment advice to its clients. The company is affiliated with a number of other service providers in the financial services industry, including with an accountant or accounting firm and insurance company or agency.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial advisory fees usually depend on the type of services offered. Fees charged by the company can consist of the following fee structures: asset-based or performance-based. The company does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm manages money for a broad range of clients. Mgo Private Wealth, LLC works with retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 542 customers, Mgo Private Wealth, LLC's biggest client type is retail investors, though it also manages money for 55 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts reside abroad.

    • High-Net-Worth Individuals* - 10.11%
    • Other Individuals - 88.24%
    • Corporations - 1.29%
    • Charitable Organizations - 0.37%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Mgo Private Wealth, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Mgo Private Wealth, LLC

    Todd Lunsford
    Irvine, CA
    Roberto Roman
    Irvine, CA
    Bruce Frankel
    San Rafael, CA
    Eric Briese
    Irvine, CA
    Daniel Guillen
    Irvine, CA

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