Mgh Asset Management Ltd (Wellington)

Name: Mgh Asset Management Ltd
Address: 11, 14 20 Alpha Street, Wellington, 6011
Telephone: 6443845271

Mgh Asset Management Ltd is an adviser based in Wellington. It manages $17.92 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2007.

Mgh Asset Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mgh Asset Management: assets under management

The assets under management (AUM) of Mgh Asset Management Ltd is $17.92 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -25% since the beginning of its operation, and $17.92 million of the total AUM is attributable to clients outside of the United States.

The firm manages $17.92 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $17.92 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mgh Asset Management Ltd for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Wyn Gibbs Harris serves?

The only and largest group of clients of Michael Wyn Gibbs Harris is pooled investment vehicles with 1 clients and $17.92 million of assets under management. Among the 5 most similar advisory firms, Mgh Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $17.92 million for 1 clients. 100% of the firm’s clients are foreign persons or businesses.

Mgh Asset Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Mgh Asset Management Ltd

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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.

Michael Wyn Gibbs Harris has been acting as President since 1 Oct 2002. Gibbs Harris Family Trust joined the executive team most recently as the Trustee Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Wyn Gibbs Harris	Director	1 Oct 2002	Other	5231465
Molli Jamie Thompsen	Chief compliance officer	1 Oct 2002	Other	705211
Gibbs Harris Family Trust	Trustee shareholder	1 Jan 2008	75% - 100%	foreign entity

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Brandon Trustees Limited	Trustees	1 Jan 2008	75% - 100%	foreign entity

Based in Wellington

The principal office where Mgh Asset Management Ltd performs its advisory services is located at 11, 14 20 Alpha Street, Wellington, 6011 The mailing address of the firm is Level 2, 44 Hay Street, Oriental Bay, Wellington, 6011. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 6443845271. The normal business hours are 9am-6pm on Monday - Friday. You can find more information about the New York firm at mgham.com.