Kelly Schmalhausen joined MGL Consulting, LLC (“MGL”) in November 2025 as Vice President Regulatory Affairs where his responsibilities include the management of client relationships and professional consulting services to assist clients to comply with current regulatory requirements.
Kelly has more than 25 years of experience in financial services working for broker-dealers and investment advisers. Kelly has been securities licensed since 1993 and currently has the Series 7, 24, 63 FINRA licenses. He also completed specialty training courses for the securities and financial industry through the FINRA Institute at Wharton, University of Pennsylvania.
Prior to joining MGL, Kelly worked for various financial institutions, broker dealers, and investment advisers in various capacities. Kelly's prior experience includes serving as a Senior Vice President Compliance Manager, Vice President Chief Compliance Officer and Compliance Officer-Principal. In 2014 - 2020, Kelly worked for BOK Financial in various roles as a Wealth Management Compliance Officer, Compliance Testing Manager and Corporate Compliance Officer and assisted with compliance policies and procedures, risk assessments, regulatory testing and monitoring, and other compliance projects/initiatives for the bank-affiliated broker dealers and investment advisers, and the bank's wealth management department. In 2011-2012, Kelly worked for City National Bank as Senior Vice President, Chief Compliance Manager serving as the Chief Compliance Officer for City National Asset Management, Inc. and CNI Charter Funds. Kelly was responsible for the bank's investment and wealth management businesses including the broker dealer, investment adviser and trust/retirement groups. In 2005 - 2010, Kelly worked for Zions Bancorporation as Senior Vice President, Compliance Manager. As a Compliance Officer-Principal, Kelly was charged with increasing responsibilities for the investments and trust businesses during this time including the bank-affiliated broker dealer, investment adviser, insurance agency, and the bank's trust and investment management, and the bank dealer department.
Prior to 2010, Kelly worked for various financial institutions in various capacities including as Compliance Manager and Chief Compliance Officer for bank-affiliated broker dealers and investment advisers. Kelly has been actively involved in the financial services industry for more than 30 years and holds a Bachelors of Science in Economics from the University of Houston, Houston, Texas.