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BEACHWOOD, Ohio--(BUSINESS WIRE)--MGO Investment Advisors, an RIA specializing in 401(k), retirement plan consulting and other related wealth management services, announces its merger with One Seven, an RIA specializing in supporting advisors with life-changing opportunities.
As part of the strategic merger, Merchant has made a minority, non-controlling investment in One Seven to help enhance the firm's durability and accelerate expansion initiatives to support growth-oriented advisors.
With strong roots in the greater northeast Ohio region, One Seven now manages a combined $2.8 billion in assets and has expanded its footprint across 11 U.S. states. The firm's mission is to continue to provide best-in-class 401(k) and retirement consulting services while also cultivating an environment to support its growing 36-advisor team in navigating life-changing opportunities - centered on trusted connections, meaningful work and purposeful growth.
Ron Gross, President & CEO of MGO and a Co-Founder of One Seven, adds, "When we decided to merge, the most important thing we considered was culture –both firms had a core value of client-first. But we know our success comes from the people who work alongside us, so as we evolved, it was essential to see how both firms espoused the concept of treating associates like our best clients."
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"One Seven embodies everything we look for when assessing community partners - they've built a boutique business with family roots, great vision, and institutional capabilities, said Tim Bello, Co-Founder and Managing Partner at Merchant.
"The Merchant partnership enables us to continue building on our advisor-centric foundation. Merchant has proved to be a partner willing to roll up their sleeves and work alongside us to focus on life-changing opportunities and grow our business," said Todd Resnick, Co-Founder and President of One Seven. "Bringing the two companies together and collaborating with Merchant will allow us to leverage more great people and resources to help our advisors grow as people and professionals and provide the support they need to do that."
David Mrazik, Co-Founder and Managing Partner at Merchant, added, "This partnership is a perfect illustration of the strength and strategic expertise that the Merchant team brings to its partnerships – in helping MGO and One Seven plan carefully for their merger and integration, we can add value that far exceeds our durable capital solutions."
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About One Seven
One Seven is a different kind of financial firm. In the world of wealth management, where unique experiences are few and far between, our group came together to leave a meaningful mark. Our independent financial advisors strive to deliver true value by looking beyond the balance sheet to provide holistic, customized solutions to each client. Through each and every relationship, we strive to better understand what drives you – your interests, long-term goals, and aspirations for the future, and then we become sounding boards for your ambitions, challenges, concerns and successes, so that we may connect your money to what really matters.
To learn more about One Seven, our advisors, or how to become a member of our team, we invite you to visit our website at WeAreOneSeven.com.
About Merchant Investment Management, LLC
Merchant is a private partnership providing growth capital, management resources, strategic opportunities and direction to independent financial services companies, particularly those focused on wealth and asset management. For additional information, please visit www.merchantim.com.
Contacts
Media
Ann Marie Gorden
annmarie@merchantim.com
267.249.7765
As part of the strategic merger, Merchant has made a minority, non-controlling investment in One Seven to help enhance the firm's durability and accelerate expansion initiatives to support growth-oriented advisors.
With strong roots in the greater northeast Ohio region, One Seven now manages a combined $2.8 billion in assets and has expanded its footprint across 11 U.S. states. The firm's mission is to continue to provide best-in-class 401(k) and retirement consulting services while also cultivating an environment to support its growing 36-advisor team in navigating life-changing opportunities - centered on trusted connections, meaningful work and purposeful growth.
Ron Gross, President & CEO of MGO and a Co-Founder of One Seven, adds, "When we decided to merge, the most important thing we considered was culture –both firms had a core value of client-first. But we know our success comes from the people who work alongside us, so as we evolved, it was essential to see how both firms espoused the concept of treating associates like our best clients."
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"One Seven embodies everything we look for when assessing community partners - they've built a boutique business with family roots, great vision, and institutional capabilities, said Tim Bello, Co-Founder and Managing Partner at Merchant.
"The Merchant partnership enables us to continue building on our advisor-centric foundation. Merchant has proved to be a partner willing to roll up their sleeves and work alongside us to focus on life-changing opportunities and grow our business," said Todd Resnick, Co-Founder and President of One Seven. "Bringing the two companies together and collaborating with Merchant will allow us to leverage more great people and resources to help our advisors grow as people and professionals and provide the support they need to do that."
David Mrazik, Co-Founder and Managing Partner at Merchant, added, "This partnership is a perfect illustration of the strength and strategic expertise that the Merchant team brings to its partnerships – in helping MGO and One Seven plan carefully for their merger and integration, we can add value that far exceeds our durable capital solutions."
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About One Seven
One Seven is a different kind of financial firm. In the world of wealth management, where unique experiences are few and far between, our group came together to leave a meaningful mark. Our independent financial advisors strive to deliver true value by looking beyond the balance sheet to provide holistic, customized solutions to each client. Through each and every relationship, we strive to better understand what drives you – your interests, long-term goals, and aspirations for the future, and then we become sounding boards for your ambitions, challenges, concerns and successes, so that we may connect your money to what really matters.
To learn more about One Seven, our advisors, or how to become a member of our team, we invite you to visit our website at WeAreOneSeven.com.
About Merchant Investment Management, LLC
Merchant is a private partnership providing growth capital, management resources, strategic opportunities and direction to independent financial services companies, particularly those focused on wealth and asset management. For additional information, please visit www.merchantim.com.
Contacts
Media
Ann Marie Gorden
annmarie@merchantim.com
267.249.7765
Filed Under: Business
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