September 16, 2014 6:20 PM ET

Capital Markets

Company Overview of Massachusetts Financial Services Company

Company Overview

Massachusetts Financial Services Company also known as MFS Investment Management is a privately owned investment manager. The firm also provides retirement planning, college planning, and education and planning services. It provides its services to pension and profit sharing plans, charitable organizations, corporations, state or municipal government entities, and sovereign wealth funds. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It manages equity, fixed income, and balanced mutual funds for its clients. The firm invests in the public equity and fixed income markets across the globe. It primarily invests in growth and value stocks of small-cap, mi...

111 Huntington Avenue

Boston, MA 02199-7618

United States

Founded in 1969





Key Executives for Massachusetts Financial Services Company

Age: 50
Executive Vice President and Chief Financial Officer
Age: 49
Executive Vice President and Chief Operating Officer
Age: 62
Compensation as of Fiscal Year 2014.

Massachusetts Financial Services Company Key Developments

MFS Investment Management Announces Executive Changes

MFS Investment Management(R) (MFS(R)) announced that Michael Roberge, MFS President and Chief Investment Officer, has been promoted to Co-CEO, effective January 1, 2015. Roberge will share management responsibilities with Robert Manning, MFS Chairman and Chief Executive Officer since 2004. Roberge will also continue to serve as Chief Investment Officer for MFS. Appointing Co-Chief Executive Officers will allow MFS to build out its leadership team and give Manning the opportunity to focus on the firm's overall strategic direction, working closely with MFS' clients and intermediaries around the world. In order to allow Roberge to focus on his new leadership role, MFS will transition some of his investment oversight responsibilities to two new group CIOs. Kevin Beatty, Director of Equity, North America, will be promoted to Chief Investment Officer, Global Equity, and William (Bill) Adams, MFS Director of Fixed Income will be promoted to Chief Investment Officer, Global Fixed Income. Both Beatty and Adams will report to Roberge.

MFS Investment Management Announces the Launch of MFS Managed Wealth Fund

MFS Investment Management (MFS) announced the launch of MFS Managed Wealth Fund (MNWAX), a flexible equity fund that seeks to provide capital growth with moderate volatility. The fund also aims to mitigate the effects of significant declines in equity markets. In seeking to achieve its total return investment objective, the fund will invest in three underlying MFS funds - MFS Growth Fund, MFS Value Fund and MFS Institutional International Equity Fund - for exposure to US and international equities. The fund will also use derivative instruments to manage its net exposure to the equity market, based on its management team's view of risk and reward opportunities. MFS expects the fund's target allocation to be equally weighted among the three underlying funds. The management team will have the ability to reduce the fund's exposure to the equity market and/or currency markets and potentially add exposure to additional asset classes primarily through the use of a tactical overlay. The overlay will use derivative instruments, including futures, forward contracts, options, structured securities and swaps. In addition, MFS may seek to limit the fund's exposure to certain extreme market events. MFS Managed Wealth Fund will be available for purchase in multiple share classes (A, B, C, I and R1 -- R4) through financial advisors, financial planners, broker/dealers and other financial intermediaries and retirement platforms.

MFS Investment Management, Inc. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

MFS Investment Management, Inc. reported earnings results for the fourth quarter and year ended December 31, 2013. Reported net income was CAD 80 million in the fourth quarter of 2013, compared to CAD 46 million in the fourth quarter of 2012. Operating net income was CAD 156 million in the fourth quarter of 2013, compared to CAD 85 million in the fourth quarter of 2012. Operating net income in MFS excludes the impact of fair value adjustments on share-based payment awards. The weakening of the Canadian dollar relative to average exchange rates in the fourth quarter of 2012 increased operating net income by CAD 9 million. Net sales were USD 3.3 billion against USD 11.5 billion last year. Gross sales were CAD 23.6 billion in the fourth quarter of 2013, compared to CAD 25.9 billion in the fourth quarter of 2012, mainly attributable to the impact of inflow from Sun Capital Advisors in the fourth quarter of 2012. Reported net income was CAD 252 million in 2013, compared to CAD 208 million in 2012. Operating net income was CAD 481 million in 2013, compared to CAD 302 million in 2012. Net sales were USD 24.0 billion against USD 29.4 billion last year.

Similar Private Companies By Industry

Company Name Region
ETF Issuer Solutions, Inc. United States
LS Real Estate Recovery Trust United States
JetCapital Group, LLC United States
InDepth Financial Advisors LLC United States
John Tumazos Very Independent Research, LLC United States

Recent Private Companies Transactions

September 9, 2014
Com Hem Holding AB (publ)
April 8, 2014
MiX Telematics Limited
March 7, 2014
GSW Immobilien AG

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Massachusetts Financial Services Company, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at