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Profiles of Excellence: MGM Financial Group

MGM Financial Group helps people with investments, insurance, benefits, cash flow planning, tax planning, estate planning, and corporate/business tax planning
L to R: Steven Kanjer, Dipl.T, RRC, QAFP - Advisor; Mike Mollica, CFP, CLU, CIM, FEA - Founder.

When it comes to money, how we feel about it is as important as what we do with it.

For Mike Mollica, the founder of MGM Financial Group, making sure clients have good advice that helps them reach their goals is only part of the picture.

“We want our clients and their families to be able to focus on what’s important to them, knowing they can entrust us with taking care of their financial affairs,” he says. “We offer advice, but more importantly, peace of mind.”

The independent financial advisory firm focuses on wealth management strategies for business owners, professionals, and families and can help people with investments, insurance, benefits, cash flow planning, tax planning, estate planning, and corporate/business tax planning.

Mollica has been in the financial services industry for years. He started out in banking, completed his education in corporate finance at BCIT, and then joined one of the most well-respected wealth management firms in B.C.

“This is where my passion for numbers and finance met with the desire to help people achieve their financial and life goals, whatever they may be,” he says. “I worked there for a few years before deciding to venture out on my own. I truly enjoy being an integral part of helping people achieve their personal and financial goals.”

The decision to create his own path has been a resounding success. MGM Financial has continued to grow with sterling recommendations from clients, and the team now includes a second advisor, Steven Kanjer, along with two office administrators. Together, they help a wide variety of clients – with an equally wide variety of goals and needs – by making sure that each person has a personalized plan.

“A phrase that has continued to resonate with me over the years is that a goal without a plan is only a wish,” he adds. “I truly believe that if you have a goal without a plan, the goal will be very hard to achieve regardless of what it is.”

Creating that plan and putting it into action is where Mollica and his team excel.

“For me, excellence is determined by what I’d expect if the roles were reversed,” he says. “If I was a client, what would I want from an advisor in my role? We listen to what’s important to our clients and lay out a plan to help them achieve that. We always go above and beyond to make sure that the true reason for why we’re meeting is addressed.”

This year continues to be another challenging one for us all. Through it, we’ve been able to adapt our practice to provide our services virtual allowing us to continue to operate and service our clients when they need us most. 

We are back to normal operation servicing new and existing clients virtually or in person.

As someone who was born and raised in Burnaby, and still lives here today, it was an easy decision to base his business in the Burnaby Heights neighbourhood.

“This area continues to grow and draw people, and my clients love it because I’m centrally-located,” he says. “The Heights is one of the best business communities in the Lower Mainland and I am very happy to be part of this family.”

For more information about MGM Financial Group, visit