Description of Services and Fees
We are a registered investment adviser with offices in Ciudad de Mexico and Miami, FL. We are
organized as a limited liability company under the laws of the State of Florida. MFG Family Office
LLC is directly owned by Grupomiva Limited (93%, increasing from 80% in 13% received from
Caucha Limited), an offshore limited liability company incorporated under the Jebel Free Zone
Authority of Dubai and, Cautha Limited (7% decreasing in 13% from 20%, which 13% was assigned
to Grupomiva Limited), a company incorporated under the laws of Chipre. Michele Vanossi, an
Italian national, is the principal indirect owner and Director through Grupomiva Ltd and Rodolfo
Alemanni and Andrea Millacci are indirect owners and Directors through Cautha Limited.
The following paragraphs describe our services and fees. As used in this brochure, the words "we",
"our" and "us" refer to MFG Family Office LLC and the words "you", "your" and "client" refer to you
as either a client or prospective client of our firm. Also, you may see the term Associated Person
throughout this Brochure. As used in this Brochure, our Associated Persons are our firm's officers,
employees, and all individuals providing investment advice on behalf of our firm.
Portfolio Management Services
We offer discretionary and non-discretionary portfolio management services to our clients and
prospective clients.
If you retain our firm for portfolio management services, we will meet with you to determine your
investment objectives, risk tolerance, and other relevant information (the "suitability information")
at the beginning of our advisory relationship. We will use the suitability information we gather from
our initial meeting to select a model portfolio(s) in which you will be invested. In some cases, we
may modify the model portfolio for particular clients based on the client's individual needs,
financial objectives and risk tolerance.
Once we select a model portfolio(s) for you, we will monitor your portfolio's performance on an
ongoing basis and will rebalance the portfolio as required by changes in the model, market
conditions and in your financial circumstances.
If you enter into non-discretionary arrangements with our firm, we must obtain your approval prior
to executing any transactions on behalf of your account.
Our fee for portfolio management services ranges from 0.50% to 1% per year on the value of your
assets we manage, and/or a performance-based fee, as discussed below.
ADVISORY FEE SCHEDULE REFERENCE
Referential Fee
Account Value Percentage
Certain clients may be charged fees lower than those stated and will be negotiated on a case-by-
case basis.
Our portfolio management fee is billed and payable quarterly in arrears or in advance, depending
on the client’s preference, based on the end value of your account(s) calculated on the last day of
the quarter.
If the portfolio management agreement is executed at any time other than the first day of a
calendar quarter, our fees will apply on a pro rata basis, which means that the advisory fee is
payable in proportion to the number of days in the quarter for which you are a client. Our advisory
fee is negotiable, depending on individual client circumstances.
At our discretion, we may combine the account values of family members living in the same
household to determine the applicable advisory fee. For example, we may combine account values
for you and your minor children, joint accounts with your spouse, and other types of related
accounts.
We will send you an invoice for the payment of our advisory fee or we will deduct our fee directly
from your account through the qualified custodian holding your funds and securities. We will
deduct our advisory fee only when the following requirements are met:
• You provide our firm with written authorization permitting the fees to be paid directly from
your account held by the qualified custodian.
• We send you an invoice showing the amount of the fee, the value of the assets on which
the fee is based, and the specific manner in which the fee was calculated.
• The qualified custodian agrees to send you a statement, at least quarterly, indicating all
amounts dispersed from your account including the amount of the advisory fee paid
directly to our firm.
You may terminate the portfolio management agreement upon 30 days' written notice to our firm.
You will incur a pro rata charge for services rendered prior to the termination of the portfolio
management agreement, which means you will incur advisory fees only in proportion to the
Below $1,000,000 Negotiable
$1,000,000 to $3,000,000 1.00%
$3,000,001 to $5,000,000 0.80%
$5,000,000 to $10,000,000 0.70%
$10,000,000 to $25,000,000 0.60%
$25,000,000 to $50,000,000 0.50%
number of days in the quarter for which you are a client.
We encourage you to reconcile our invoices with the statement(s) you receive from the qualified
custodian. If you find any inconsistent information between our invoice and the statement(s) you
receive from the qualified custodian, please call our main office number located on the cover page
of this brochure.
Financial Planning and Consulting
We may render limited financial planning services to clients who retain us to provide portfolio
management services. However, we do not charge any additional fees for such services and are
provided on a complementary and ancillary basis.
We may also provide financial consulting services. The fees charged for such services are negotiable
on a case-by-case basis depending on the scope and complexity of the services. Fees for Financial
Consulting Services will be charged in arrears and based on an Hourly Rate of $500.
Sub-Advisory Services
Adviser offers sub-advisory services to certain institutional clients, including other investment
advisers and family offices, through the management of investment portfolios in accordance with
the objectives, guidelines and risk profiles of the individual clients. Institutional Clients provide such
information to MFG Family Office at or before the time they enter into a sub-advisory agreement
with the MFG Family Office. MFG Family Office may provide additional services to these
institutional clients, including reporting, invoicing and operational/administrative support. The
scope of services and additional fees are negotiated individually with each institutional client and
incorporated into the Sub-Advisory Agreement.
Selection of Other Advisers
As part of our investment advisory services, we may recommend that you use the services of a
third-party money manager ("TPMM") to manage a portion of your investment portfolio. After
gathering information about your financial situation and objectives, we will recommend that you
engage a specific TPMM. Factors that we take into consideration when making our
recommendation(s) include, but are not limited to, the following: The TPMM's performance,
methods of analysis, fees, your financial needs, investment goals, risk tolerance, and investment
objectives. We will monitor the TPMM(s)' performance at least quarterly to ensure its management
and investment style remains aligned with your investment goals and objectives. In some cases, we
may have discretion to re-allocate assets amongst third-party advisers, where appropriate.
We will include the assets managed by the TPMM in calculating your portfolio management fee
based on our fee schedule provided above. The TPMM will also charge you a fee which is separate
and apart from our advisory fee. The advisory fee you pay to the TPMM is established and payable
in accordance with the disclosure brochure provided by each TPMM to whom you are referred.
These fees may or may not be negotiable.
You should review the recommended TPMM's disclosure brochure (if available) and take into
consideration the TPMM's fees along with our fees, as applicable, to determine the total amount of
fees associated with this program.
You may be required to sign an agreement directly with the recommended TPMM(s). You may
terminate your advisory relationship with the TPMM according to the terms of your agreement
with the TPMM. You should review each TPMM's disclosure brochure for specific information on
how you may terminate your advisory relationship with the TPMM and how you may receive a
refund, if applicable. You should contact the TPMM directly for questions regarding your advisory
agreement with the TPMM.
Types of Investments
We do not primarily recommend one security over another. We offer advice on equity securities,
corporate debt securities, commercial paper, certificates of deposit, municipal securities, mutual
funds, Exchange Trade Funds (ETFs), U.S. Government securities, options and interest in
partnerships investing in real estate and oil and gas.
Additionally, we may advise you on any type of investment that we deem appropriate based on
your stated goals and objectives. We may also provide advice on any type of investment held in
your portfolio at the inception of our advisory relationship.
You may request that we refrain from investing in particular securities or certain types of securities.
You must provide these restrictions to our firm in writing.
Assets Under Management
MFG Family Office LLC currently manages, all in a discretionary manner, approximately
$217,054,080.