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PINE GROVE FINANCIAL GROUP

Legal name: MLG WEALTH MANAGEMENT, INC.

CRD 308193File 801-118868
APPROVED
Retail clients
Custody
Filing as of May 19, 2026
Feed vintage Aug 17, 2026
Regulatory AUM
$1.49B
Above cohort median (national)
Discretionary AUM
$1.49B
Clients
1,404
4,270 accounts
Employees
24
Top 25% of cohort in MN

Identity & registration

ADV Item 1
Organization form
Corporation
Firm type
Registered
SEC region
CHRO
Registration date
Jun 5, 2020
Principal office
796 BIELENBERG DR., SUITE 103, WOODBURY, MN, 55125-1412
Phone
651 714 0323

Assets & accounts

ADV Item 5F
Total regulatory AUM
$1.49B
Discretionary AUM
$1.49B
Non-discretionary AUM
$0
Discretionary accounts
4,270
Non-discretionary accounts
0
Total accounts
4,270
AUM per client
$1.1M

Clients by type

ADV Item 5D
Client typeClientsAUM
High net worth individuals506$1.11B
Individuals (other than high net worth individuals)898$379.6M

Compensation & activities

ADV Items 5E, 5G

Compensation

  • Other
  • Fixed fees
  • Other (described)CO-ADVISORY FEES FOR ASSETS MANAGED BY OTHER INVESTMENT ADVISORS
  • A percentage of assets under your management

Advisory activities

  • Other
  • Financial planning services
  • Selection of other advisers
  • Portfolio management for individuals and/or small businesses

Custody

ADV Item 9
Firm Custody Cash
Yes
Firm Custody Assets
No
Firm Custody Clients
No
Firm Custody Securities
No
Related Person Custody Cash
No
Related Person Custody Assets
No
Related Person Custody Clients
No
Related Person Custody Securities
No

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

DateFieldFromTo
Aug 12, 2026RegistrationAPPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.