One Seven, MGO merger; Combined company enters next stage of growth with merchant partnership

BEACHWOOD, Ohio–(BUSINESS WIRE)–MGO Investment Advisors, an RIA specializing in 401(k), retirement planning 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 made a non-controlling minority investment in One Seven to help improve the sustainability of the business and accelerate expansion initiatives to support growth-focused advisors.

With strong roots in the greater Northeast Ohio region, One Seven now manages combined assets of $2.8 billion and has expanded its presence in 11 US states. The company’s mission is to continue to provide the best 401(k) and retirement advisory services while cultivating an environment to support its growing team of 36 advisors in navigating life-changing opportunities – focused on trusting relationships, meaningful and meaningful work growth.

Ron Gross, President and CEO of MGO and Co-Founder of One Seven, adds: “When we decided to merge, the most important thing we considered was culture – both companies had a core value of giving customer priority. But we know that our success comes from the people who work alongside us, so as we evolved, it was essential to see how both firms embraced the concept of treating partners as our best clients.

“One Seven embodies everything we look for when evaluating community partners – they’ve built a store with family roots, big vision and institutional capabilities,” said Tim Bello, co-founder and managing partner at Merchant.

“The Merchant partnership allows us to continue to build on our advisor-centric base. Merchant has proven to be a partner willing to roll up his 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 working with Merchant will allow us to bring together more people and great resources to help our advisors grow as people and professionals and provide them with the support they need to do so.”

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 – helping MGO and One Seven to carefully plan merging and integrating them, we can add value that far exceeds our sustainable capital solutions.

About a seven

One Seven is another type of financial business. In the world of wealth management, where unique experiences are rare, our group has come together to leave a meaningful mark. Our independent financial advisors strive to deliver real value by looking beyond the balance sheet to provide comprehensive, personalized solutions for each client. Through each 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 success, so we can 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 that provides growth capital, management resources, strategic opportunities and guidance to independent financial services companies, particularly those focused on wealth and asset management. For more information, visit www.merchantim.com.

Comments are closed.