Merger creates $2.7 billion Ohio RIA
MGO Investment Advisors joins with One Seven; Merchant Investment takes a minority stake in the new firm.
MGO Investment Advisors, a Beachwood, Ohio-based registered investment advisory firm, has merged with One Seven, an RIA firm whose co-founder, Ron Gross, was MGO’s president and CEO.
The combined firm, MGO One Seven, which Gross will continue to lead, manages $2.74 billion.
New York-based Merchant Investment Management said in a press release it has made a minority, non-controlling investment in the firm.
[More: Merchant Investment Management takes minority stake in $1 billion RIA]
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