Mgo One Seven
Answer a few questions and
get matched with an advisor.
Learn more about Mgo One Seven
Overview
Mgo One Seven is an advisory firm that has its headquarters in Beachwood, Ohio. The firm handles $2.4 billion in assets under management over 10,151 customer accounts, placing it among the biggest investment advisory firms in the country by assets under management (AUM). It has an average-sized group, including 45 financial advisors. Mgo One Seven is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like stocks, options and bonds.
Mgo One Seven oversees most of its accounts on a discretionary basis. Discretionary management is a structure in which buy and sell choices are made by an investment advisor without requiring client consent. The firm also manages 338 non-discretionary accounts with a total of $416.6 million in AUM. The firm oversees an average of $239,369 for each account. An average financial advisor at Mgo One Seven manages around 226 client accounts.
The firm's central office is located at 24400 Chagrin Blvd., Beachwood, Ohio 44122. It is allowed to provide services to clients throughout 31 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Mgo One Seven by the Numbers
$2.4 billion
86
10,151
$239.4 thousand
Products and Services
Mgo One Seven offers a variety of services, including financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers and educational seminars. In the last financial year, it provided financial planning services to 251-500 of its clients. It does not sell products or offer services apart from investment advisory services to its investment advisory accounts. The company is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency and pension consultant.
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.
Fee Structure
A financial advisor's fees typically are based on the services provided. However, fee types billed by the firm likely consist of some blend of the following fee structures: asset-based, hourly, fixed or other. The firm does participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 21% of firms
Hourly
-
Offered by 32% of firms
Fixed
-
Offered by 10% of firms
Other
Unavailable
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
-
Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
The firm does business with a number of different clients. The company caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 10,151 accounts, Mgo One Seven's biggest client is retail investors, although it also manages money for 473 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 16.29%
- Other Individuals - 74.51%
- Corporations - 9.16%
- Charitable Organizations - 0.03%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
Find an advisor who will work directly with you
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Disclosures
Mgo One Seven does not have any disclosures.
Please visit its Form ADV for more details.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.
The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.
This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.