Mgp Wealth Management, LLC (Oak Brook)

Name: Mgp Wealth Management, LLC
Address: 800 Enterprise Drive, Oak Brook, IL, 60523
Telephone: 630-828-2199

Mgp Wealth Management, LLC is a large advisory firm based in Oak Brook. It manages $217.22 million of regulatory assets for 56 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Illinois.

Mgp Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mgp Wealth Management: assets under management

The assets under management (AUM) of Mgp Wealth Management, LLC is $217.22 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mgp Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mgp Wealth Management serves?

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Mgp Wealth Management is high net worth individuals with 50 clients and $209.01 million of assets under management. Among the 9 most similar advisory firms, Mgp Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $216.11 million for 52 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Mgp Wealth Management doesn't advise any private funds.

Careers at Mgp Wealth Management, LLC

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Morgan Gerard Pearsall	Sole member	1 Apr 2009	75% - 100%	2266263
Gery Joseph Sadzewicz	Cco	1 Apr 2012	Other	1090963

Based in Oak Brook

The principal office where Mgp Wealth Management, LLC performs its advisory services is located at 800 Enterprise Drive, Oak Brook, IL 60523, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-828-2199. The normal business hours are 9:00 am - 5 pm on Monday - Friday. You can find more information about the New York firm at mgp-wealth.com.