Company Overview of Massachusetts Financial Services Company
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
Founded in 1969
Key Executives for Massachusetts Financial Services Company
Executive Vice President and Chief Financial Officer
Executive Vice President and Chief Operating Officer
Compensation as of Fiscal Year 2014.
Massachusetts Financial Services Company Key Developments
MFS Investment Management Announces Executive Changes
Sep 8 14
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
Jun 30 14
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
Feb 13 14
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.
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