Aspen Acquires $1.1B RIA

Aspen Standard Wealth, LLC has acquired MG Financial, LLC, an RIA with $1.1 billion in assets under management (AUM) based in the greater Boston area.

Founded in 1996, MG Financial serves entrepreneurs, business owners, CEOs, and their families in all aspects of wealth management, including tax and estate planning.

“Aspen is a unique partner whose values are aligned with our own. They are focused on supporting our tight-knit, energetic culture and high standards of service,” said Mary Gilligan, CEO and CIO of MG Financial. “We are excited to work with Aly and the Aspen team to amplify our growth as we continue to provide our clients with strategies tailored to their specific needs and objectives. What we do enables our clients to pursue other passions; be it enjoying retirement or working on the next start-up company.”

“We are honored to partner with the incredible team at MG Financial and to work together to build on their long-term vision to serve sophisticated families with complex wealth management needs,” said Aly Kassim-Lakha, CEO of Aspen.

Aspen has acquired three other RIAs since launching in late 2024. Previous acquisitions include: SKY Investment Group, LLC, New England Private Wealth Advisors, LLC, and Summitry, LLC.