Aspen Standard Wealth Acquires MG Financial, a $1.1 Billion AUM RIA Based in Boston

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NEW YORK--(BUSINESS WIRE)--Aug 6, 2025--

Aspen Standard Wealth, LLC (“Aspen”), a long-term partner and permanent home for successful independent RIAs, announced today that is has acquired MG Financial, LLC, (“MG Financial”) an RIA with $1.1 billion in assets under management based in the greater Boston area.

Founded in 1996, MG Financial serves entrepreneurs, business owners, CEOs, and their families through a team-based approach. MG Financial addresses all aspects of wealth management, including tax and estate planning, with a comprehensive asset allocation and manager selection program.

“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.”

Aspen takes an individualized approach to RIA partnerships: it does not buy to sell. Instead, Aspen invests in enduring partnerships that preserve firm identity, empower leadership, and drive sustainable growth.

“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.

About Aspen Standard Wealth, LLC

Aspen Standard Wealth acquires leading RIAs and provides them with a permanent home. Aspen’s partnership model supports long-term growth, talent development, and legacy preservation while enabling firm leaders to operate independently. Aspen is not a registered investment adviser. Investment advisory services are delivered by Aspen’s RIA partners and references to AUM represent assets under management held at such firms. Learn more at aspenstandardwealth.com.

About MG Financial, LLC

MG Financial is an independently owned and operated wealth management firm based in Braintree, Massachusetts. The firm combines its asset allocation and manager selection skills with comprehensive wealth management solutions including financial planning, tax and estate planning, and trust services. Their solutions are carefully structured to navigate the ever-changing investment and tax environments, ensuring that they achieve clients’ financial objectives through varying market conditions. Learn more at https://www.mgfinancial.com.

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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE CONSULTING ASSET MANAGEMENT BANKING PERSONAL FINANCE

SOURCE: Aspen Standard Wealth, LLC

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PUB: 08/06/2025 08:00 AM/DISC: 08/06/2025 07:59 AM

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