MPM Financial Corporation
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
MPM Financial Corporation provides discretionary asset management primarily for individual investors and also delivers services to qualified retirement plans, including limited-scope ERISA 3(21) fiduciary support for 401(k), 403(b), pension, profit-sharing, cash balance and deferred compensation plans. The firm documents client goals, time horizons and risk tolerances and offers ongoing portfolio monitoring and financial consulting as part of its asset management services.
The firm constructs and manages portfolios using a mix of fundamental, technical, charting and cyclical analysis and tailors investment selection and asset allocation to each client’s stated objectives. MPM may manage accounts directly or place clients in portfolios composed solely of American Funds through the American Funds Service Company program, and it may appoint model portfolio advisors or use a UMA platform to implement strategies.
Noteworthy aspects include that the firm’s principal is also a licensed insurance agent, spending roughly 15% of his time selling insurance products and receiving commission compensation—a relationship the brochure discloses and says is mitigated through disclosure and fiduciary duties. The firm’s explicit pension-consulting services (ERISA 3(21) limited-scope fiduciary work), use of third‑party model managers/UMA arrangements, and the option for clients to direct brokerage are distinguishing operational features called out in the brochure.
Client services
Expertise
Fee options
$0 - $250,000: 1.50% annually $250,001 - $500,000: 1.40% annually $500,001 - $1,000,000: 1.30% annually $1,000,001 - $2,000,000: 1.20% annually $2,000,001 - $5,000,000: 1.10% annually $5,000,001 - $10,000,000: 0.90% annually $10,000,001+: 0.80% annually
Insurance commissions received by President Peter O’Brien from sales of insurance products
Main office
Maplewood MN
Advisors at this office
1
Most active in
Minnesota
Also doing business as
Mpm Financial Corp · Mpm Financial Corporation
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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