Massachusetts Financial Services Company is a large advisory firm based in Boston. It manages $332.69 billion of regulatory assets for 301 client accounts. It has been registered with the SEC as an adviser since 2001.
Massachusetts Financial Services Company provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Massachusetts Financial Services Company is $332.69 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 138% since the beginning of its operation, and $52.72 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Massachusetts Financial Services Company for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies, other investment advisers, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Colm Joseph Freyne is investment companies with 192 clients and $278.7 billion of assets under management. Among the 12 most similar advisory firms, Massachusetts Financial Services Company has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $326.56 billion for 297 clients. 34% of the firm’s clients are foreign persons or businesses.
Massachusetts Financial Services Company also advises several private funds. Namely, one hedge fund, five other private funds, and one securitized asset fund. The minimum investment commitment required of non-related persons ranges from $500,000 to $3,000,000.
The company employs 1,100 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Colm Joseph Freyne has been acting as President since 1 Mar 2012. Carol William Geremia joined the executive team most recently as the President.
The principal office where Massachusetts Financial Services Company performs its advisory services is located at 111 Huntington Avenue, Boston, MA 02199 7618, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-954-5000. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at mfs.com and its LinkedIn profile.