Mgo Investment Advisors Inc. (Beachwood)

Name: Mgo Investment Advisors Inc.
Address: 24400 Chagrin Blvd, Beachwood, OH, 44122
Telephone: 216-771-4242

Mgo Investment Advisors Inc. is a large advisory firm based in Beachwood. It manages $695.63 million of regulatory assets for 4,090 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of Ohio.

Mgo Investment Advisors provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mgo Investment Advisors: assets under management

The assets under management (AUM) of Mgo Investment Advisors Inc. is $695.63 million. The firm's AUM has grown by 267% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $357.2 million in discretionary accounts and $338.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $90.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.43 million.

Investments

The firm invests in investment and business development companies the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mgo Investment Advisors Inc. for their services and products based on a percentage of assets under management 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 Ronald Scott Gross serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ronald Scott Gross is pension and profit sharing plans with 185 clients and $522.95 million of assets under management. Among the 10 most similar advisory firms, Mgo Investment Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $695.63 million for 883 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.

Mgo Investment Advisors doesn't advise any private funds.

Careers at Mgo Investment Advisors Inc.

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Ronald Scott Gross has been acting as President since 1 Jun 2017. Paul Joseph Orchosky joined the executive team most recently as the Vice President And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Bradford Moskal	President	1 Jan 2004	Other	2026952
Ronald Scott Gross	Vice president and treasurer	1 Jan 2004	Other	2564430
Paul Joseph Orchosky	Vice president and secretary	1 Jan 2004	Other	2264939
Moskal Gross Orchosky Inc.	Parent corporation	1 Apr 2004	75% - 100%	341031518
Paul Gabrail	Principal	1 Jan 2010	Other	5774278
Andrew Strigle	Principal	1 Jan 2010	Other	5774285
Paul Joseph Orchosky	Vice president and chief compliance officer	1 Mar 2013	Other	2264939
Ronald Scott Gross	President	1 Jun 2017	Other	2564430

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Paul Joseph Orchosky	Vice president & secretary	1 Jan 2002	50% - 75%	2264939
Michael Bradford Moskal	President	1 Jan 2002	Other	2026952
Ronald Scott Gross	Vice president & treasurer	1 Jan 2002	50% - 75%	2564430

Based in Beachwood

The principal office where Mgo Investment Advisors Inc. performs its advisory services is located at 24400 Chagrin Blvd, Beachwood, OH 44122, which is also the mailing address of the firm. An additional office of the firm is in Akron, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 216-771-4242 or by fax 216-771-4274. The normal business hours are 8:00a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at mgo-inc.com.