MHL Investments ("MHL") is registered with the Securities and Exchange Commission (SEC) as a broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). MHL is affiliated with Everspire and E6 Portfolios, Registered Investment Advisory Firms, and TomiPlan, a Financial Planning firm, via common control persons. Brokerage and investment advisory services and fees differ, and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker- dealers, investment advisers, and investors.
We offer brokerage services to retail investors, including buying and selling securities in an agency capacity only.
We do not open brokerage accounts. Rather, as an agent, we help you to either purchase or sell a limited number of investment types: Mutual Funds, Variable Insurance Products, and Private Placements of securities. We offer only non-discretionary services, which means the retail investor makes the ultimate decision regarding the purchase and/or sale of investments. While our registered representatives will recommend investments, these investments are not monitored on an ongoing basis.
Because we don’t open accounts, we refer to “account opening minimums” as investment minimums. Mutual Funds, Variable Insurance Products, and Private Placements may have their own investment minimums or no minimums. While we can inform you of those investment minimums, you should also review the appropriate Mutual Fund and/or Variable Insurance Products prospectuses, or the Private Placement documentation for more information. Our firm does not impose our own investment (account opening) minimums, nor do we impose greater investment minimums for Mutual Funds, Variable Insurance Products, or Private Placements. However, depending upon your investment objectives, we may recommend an investment amount greater than the investment minimum required by the Mutual Fund, Variable Insurance Product, or Private Placement.
As a customer of ours, you may select investments, or we may recommend investments to you. However, the ultimate investment decision as to your investment strategy and the purchase or sale of investments will be yours. Please note that Private Placements are unregistered securities and are generally illiquid investments.
We do not maintain nor offer for sale or purchase any proprietary products. Our firm does not offer products in a principal capacity.
You will pay the following transaction-based fees (commissions):
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. In addition to commissions, we are compensated with servicing fees, often called 12b-1 fees, from mutual funds and variable annuities. Depending upon your custodian (where your securities and funds are kept) you may pay separate custodial fees charged by the custodian. It is important that you are aware that a portion of the amount of you invest is used to pay our firm or to cover costs directly charged by the product sponsor, or custodian, or, in the case of a private placement, by the issuer of the security. Some variable products, such as, variable index annuities, may have no express fees but rather a cap on the percentage of the annuity’s performance.
When we provide you with a recommendation, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they affect the recommendations we provide you. Here are some examples to help you understand what this means: (i) A potential conflict may arise as the more money you have invested in a mutual fund company the sales charge reduces. We would be paid higher sales charges if money were spread between multiple mutual fund companies, (ii) A potential conflict may arise because differing share classes may compensate the registered representative more than other share classes, (iii) A potential conflict may arise if a private placement issuer would pay us a greater percentage of the funds we raise based on the amount we raise.
Some issuers of private placement securities may pay to our firm a fee, called a “dealer allowance” in many instances, which act to offset the costs we may incur in offering the issuer’s product.
The firm’s financial professionals are compensated by a percentage of the revenue the firm earns from the financial professionals’ recommendations. This revenue comes from the same product commissions our firm makes as described above. Our financial professions are not compensated on the amount of client assets they service independently of the commissions earned, nor is compensation based on the time and complexity required to meet our customers’ needs. Some of our professionals are independent contractors that operate under their own DBA (doing business as) brand, but all securities are offered through MHL Investments and advisory services are offered through Everspire. If you engage with these specific professionals, separate disclosures will be made to you regarding the capacity in which they are acting.
Yes, we have legal or disciplinary events. Visit Investor.gov/CRS for a free and simple search tool to research our firm and our financial professionals. For additional information about our registered representatives and services, visit BrokerCheck. To report a problem to the SEC, visit Investor.gov or call the SEC’s toll‐free investor assistance line at (800) 732‐0330. Call 301-590-6500 to report a problem to FINRA.
If you would like additional, up-to-date information or a copy of this disclosure, contact us in writing at: Everspire Plaza, 6900 S. 900 E., Suite 200, Midvale, UT 84047 or by phone at: 801-545-8706.