# MGFS Private Wealth, LLC

> MGFS Private Wealth, LLC is an SEC-registered investment advisory firm, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 11, 2026.

- CRD: 332823
- Filed as: MGFS PRIVATE WEALTH, LLC
- Legal name: Aljz Consulting, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: May 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/332823
- AdvisorCensus page: https://advisorcensus.com/firm/mgfs-private-wealth-llc-332823

## Quick answers

**How is MGFS Private Wealth, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), MGFS Private Wealth, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Is MGFS Private Wealth, LLC registered with the SEC or a state?**
MGFS Private Wealth, LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 332823.

**How much does MGFS Private Wealth, LLC manage?**
MGFS Private Wealth, LLC reports $116,744,929 in regulatory assets under management in its Form ADV filing dated May 11, 2026 (0% discretionary).

**What types of clients does MGFS Private Wealth, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (159); high net worth individuals (48).

**Which custodians does MGFS Private Wealth, LLC use?**
MGFS Private Wealth, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Assetmark Brokerage, LLC as a custodian holding 10% or more of its separately managed account assets.

**Does MGFS Private Wealth, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/332823

**Does MGFS Private Wealth, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated May 11, 2026 says: "MGFS PW generally requires minimum household advisory assets of $500,000. MGFS PW, in its sole discretion, may waive the required minimum."

**What changed in MGFS Private Wealth, LLC's recent Form ADV filings?**
In the May 2026 filing data: Newly registered with the SEC.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated May 11, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> MGFS PW generally requires minimum household advisory assets of $500,000. MGFS PW, in its sole discretion, may waive the required minimum.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Assetmark Brokerage, LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $116,744,929
- Discretionary: $0
- Non-discretionary: $116,744,929

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 159 | $40,570,542 |
| High net worth individuals | 48 | $76,174,387 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2026 (0 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Oakbrook Terrace, IL

### Websites listed on Form ADV (Item 1.I)
- mgfsprivatewealth.com
- LinkedIn @adamlschwartz

## Changes in the filing (last 12 months)

### May 2026
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. MGFS Private Wealth, LLC (CRD 332823): Form ADV filing data as of October 2026.