Historical Archive — Exhibit VII — Managed Futures Collaborations

M7 — The Multiple-Advisor, Seven-Manager Collaboration

A joint venture between Argo Wealth Management Inc. and PFG, combining seven selected commodity trading advisors within a single diversified managed-futures program. Early 2010s.

Exhibit ID

AFG-COLLAB-006

Artifact Type

Original multi-manager managed-futures program and joint-venture materials

Approximate Period

Early 2010s

Archival Status

Authenticated Primary Sources — Argo/PFG Managed Futures Collaboration

Principal cover

Full M7 Presentation — Cover

Click to open full-screen viewer — Full M7 Presentation, cover page

Archive record

Historical Summary

M7 was developed after a major futures commission merchant approached Argo because of the firm's experience in managed futures and structured alternative-investment programs.

The clearing firm did not have a sufficiently developed managed-futures offering for its network. Argo was asked to construct a diversified program that combined multiple professional commodity trading advisors within a single offering.

The resulting structure became known as M7: a multiple-advisor program composed of seven selected CTAs. The managers were combined using risk, diversification, trading-style, and market-exposure considerations rather than being presented as seven unrelated programs.

The original materials identify the initiative as a joint venture involving Argo Wealth Management and PFG and describe it as being offered through PFG.

Archival context

Historical Significance

M7 represents one of Argo's most substantial institutional collaborations. Rather than simply distributing an existing manager's program, Argo helped design a multi-advisor structure intended to balance different trading methods, markets, risk profiles, and sources of return within one managed-futures allocation.

The project also reflects Argo's development from an introducing brokerage and individual-manager collaborator into a firm recognized for constructing broader managed-futures offerings for industry partners.

Oral history

Founder Recollection

Oral history — founder recollection

Dan Miller, Founder — Argo Futures Group, Inc. / Argo Wealth Management, Inc.

According to founder Dan Miller, PFG approached Argo because it recognized the firm's experience in managed futures and lacked a properly structured offering of its own. Argo selected seven CTAs and combined them using diversification and risk-allocation principles to create a balanced multi-manager program. The name M7 referred simply to 'multiple advisor' and the seven participating managers.

This account represents the founder's personal recollection of events. It is presented as oral history and should be read alongside the authenticated primary-source materials in this exhibit.

Curator note

These documents are reproduced strictly as historical artifacts. Some original materials are prominently marked: 'For Internal Use Only,' 'This Brochure Has Not Been Vetted Through Compliance,' and 'Do Not Distribute to the Public.' Those notices are preserved and visible in the original materials. All performance figures, assets-under-management figures, compensation references, projections, program terms, manager descriptions, and investment claims reflect the original period materials. They must not be interpreted as current results, current terms, investment advice, a recommendation, a solicitation, or a guarantee.

Source documents