Mackenzie Financial Corporation (Toronto, Ontario)

Name: Mackenzie Financial Corporation
Address: 180 Queen Street West, Toronto, Ontario, M5 V 3 K1
Telephone: 416-967-2323

Mackenzie Financial Corporation is a large advisory firm based in Toronto, Ontario. It manages $48.76 billion of regulatory assets for 363 client accounts. It has been registered with the SEC as an adviser since 2001.

Mackenzie Financial Corporation provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mackenzie Financial Corporation: assets under management

The assets under management (AUM) of Mackenzie Financial Corporation is $48.76 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 114% since the beginning of its operation, and $48.52 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $48.76 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $134.34 million each.

Mackenzie Financial Corporation has custody of $965.3 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in sovereign bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mackenzie Financial Corporation for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert E Lord serves?

The firm provides services to insurance companies, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Robert E Lord is pooled investment vehicles with 311 clients and $46.7 billion of assets under management. Among the 10 most similar advisory firms, Mackenzie Financial Corporation has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $48.02 billion for 334 clients. 96% of the firm’s clients are foreign persons or businesses.

Mackenzie Financial Corporation also advises several private funds.

Careers at Mackenzie Financial Corporation

The company employs 1,017 people that are either part- or full-time employees. 10 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robert E Lord has been acting as President since 1 Oct 2002. Robert Tattersall has served as the Chief Investment Officer since 1 Jun 2010. Sophie Desmarais joined the executive team most recently as the Trustee.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alexander Christ	Chairman	1 Feb 1971	Other	1480580
William Grant Crerar	Director	1 Jun 1975	Other	1480582
Neil Lovatt	Vice-chairman	1 May 1982	Other	4388408
James Thomas Dryburgh	Senior vice-president & chief financial officer	1 Mar 1985	Other	4394723
Ltd/Societe De Gestion D'investissement I.G.Ltee I.G. Investment Management	Corporation	1 Jun 1986	75% - 100%	foreign entity
Harold Peter Hands	Executive vice-president, legal & secretary	1 Jun 1987	Other	4394725
Frederick Warren Hurst	Director	1 Jun 1992	Other	4394731
Charles David Clark	Director	1 Jan 1994	Other	4394713
Dermot George Coughlan	Director	1 Feb 1994	Other	4394717
Alasdair John Mckichan	Directors	1 Feb 1994	Other	4394754
Philip Fisher Cunningham	Director, executive vice-presdient	1 Jan 1997	Other	4394718
James Lamont Hunter	President & chief executive officer	1 Jan 1997	Other	4394729
Gail Carol Cook Bennett	Director	1 Sep 1998	Other	4394715
Alan Joseph Dilworth	Director	1 Jan 1999	Other	4394722
Peter Keith Hendrick	Executive vice-president, investments	1 Jan 1999	Other	4394726
Andrew H Dalglish	Senior vice-president	1 Apr 2000	Other	4556965
David B Feather	Executive vice-president	1 Apr 2000	Other	4556969
Frederick H.S. Strum	Senior vice-president	1 Apr 2000	Other	4556980
Edward Merchand	Vice-president	1 Apr 2000	Other	4556984
Donald William Smith	Senior vice-president, human resources	1 Aug 2000	Other	5120846
W. Sian B Brown	Senior vice-president, general counsel and secretary	1 Oct 2000	Other	4556976
Ann Barbara Savege	Senior vice-president and chief financial officer, funds	1 Oct 2000	Other	4748297
W. Sian Burgess	Senior vice-president, general counsel and secretary	1 Oct 2000	Other	4556976
Russell Earle Mckay	Director	1 Jul 2001	Other	4559059
Edward Merchand	Senior vice-president and chief financial officer	1 Jun 2002	Other	4556984
Laurie James Munro	Executive vice-president	1 Jun 2002	Other	4748293
Frederick H.S. Strum	Senior vice-president, chief investment officer	1 Aug 2002	Other	4556980
Lisa Pankratz	President, mackenzie cundill investment managment ltd.	1 Aug 2002	Other	4595239
Robert E Lord	Director	1 Oct 2002	Other	4607180
Mary Louise Turner	Director	1 Oct 2002	Other	4607188
Robert Edward Lord	Director	1 Oct 2002	Other	4607180
Robert L Hines	Director	1 Oct 2002	Other	4607184
Raymond E Guyatt	Director	1 Oct 2002	Other	4607185
Mackenzie Inc.	Corporation	1 Jan 2003	75% - 100%	foreign entity
Mkf Holdings Corp.	Corporation	1 Jan 2003	75% - 100%	foreign entity
Peter Terry Dawkins	Executive vice-president and chief investment officer	1 Mar 2003	Other	4643484
Frederick H.S. Sturm	Executive vice-president and chief investment strategist	1 Mar 2003	Other	4556980
Robert Jeffery Orr	Vice-chairman	1 Aug 2004	Other	2991469
Charles Robert Sims	President and chief executive officer	1 Mar 2005	Other	4309261
Paul Gregory Oliver	Director	1 Feb 2006	Other	5120838
Huynh Mai Dao	Chief administrative officer	1 Oct 2006	Other	5317386
Venkatasubramanian Kannan	Vice-president, fund administration and chief financial officer, funds	1 Mar 2007	Other	5394056
Karen Lynn Gavan	Director	1 May 2007	Other	5507758
Ian Harrison Ainsworth	Senior vice-president and chief investment officer	1 Jul 2007	Other	5394051
Eric Jeffrey Adelson	Vice-president, legal and general counsel	1 Sep 2007	Other	5507757
Norman Raschkowan	Executive vice-president & chief investment officer	1 Oct 2007	Other	4490470
Kathleen Anne Allan	Senior vice-president, human resources	1 Aug 2008	Other	5654772
Geoffrey Douglas Creighton	Senior vice-president, general counsel & secretary	1 Dec 2008	Other	5654773
David Scot Burbach	Vice-president, legal	1 Jan 2009	Other	5654771
Brian Michael Flood	Director	1 Nov 2009	Other	5771432
Diana Lynn Vickers	Vice president & chief compliance officer	1 Dec 2009	Other	5905135
Robert Tattersall	Chief investment officer	1 Jun 2010	Other	5841098
Edward Blake Moore	Executive vice-president and head of distribution	1 Jan 2011	Other	2406234
Mary Catherine Taylor	Senior vice-president, product & marketing	1 Jan 2011	Other	5905133
David William Mccullum	Executive vice-president, client services operations	1 Jan 2012	Other	6471089
Theodoros Rountes	Vice-president, fund services and chief financial officer, funds	1 Feb 2012	Other	6038915
Tony H Elavia	Executive vice-president and chief investment officer	1 Mar 2012	Other	1962602
Tony Hosi Elavia	Executive vice-president and chief investment officer	1 Mar 2012	Other	1962602
Allan Mark Warren	Senior vice-president, fund services	1 Apr 2012	Other	6471091
Jeffrey Robert Carney	Director, chairman, president and chief executive officer	1 May 2013	Other	4608993
Brent Harold Moore	Vice-president and chief compliance officer	1 Jun 2013	Other	4392321
Joseph Luke Gregoire Gould	Senior vice-president, finance and chief financial officer	1 Oct 2013	Other	6262671
Brian J Gooding	Executive vice president and head of distribution	1 Feb 2014	Other	6457006
Brian John Gooding	Executive vice president and head of distribution	1 Feb 2014	Other	6457006
Michael Wylie Schnitman	Senior vice-president, product	1 Jun 2014	Other	2523450
Susan Mary Mcvey	Senior vice president, marketing	1 Jun 2014	Other	6457007
Donald James Macdonald	Senior vice-president, general counsel and secretary	1 Nov 2014	Other	6452675
Barry Sean Mcinerney	Director, chairman, president and chief executive officer	1 Jul 2016	Other	4379798
David Martin Ronald Cheop	Chief compliance officer	1 Jul 2016	Other	6684393
Michael David Cooke	Senior vice president, head of exchange traded funds	1 Sep 2016	Other	6770095
David Rens Faassen	Senior vice-president, marketing	1 Sep 2016	Other	6770098
Earl David Bederman	Director	1 Nov 2016	Other	6770100
Christopher Wilson Jay Boyle	Senior vice president, institutional	1 Jan 2017	Other	5928521
Damon William Murchison	Senior vice president, retail sales and national sales manager	1 Jan 2017	Other	6770092
Subhas Sen	Senior vice-president, business operations	1 Jan 2017	Other	4369835
Rhonda Suzanne Goldberg	Senior vice-president, regulatory and client affairs	1 Apr 2017	Other	6925612
Douglas Gordon Mcintosh Milne	Executive vice-president, chief marketing strategy officer	1 May 2017	Other	6925614
Kathleen Anne Allan	Executive vice-president, chief human resources officer	1 Jun 2017	Other	5654772
Michael William Dibden	Executive vice-president, chief operating officer	1 Jun 2017	Other	6925627

Indirect Owners

The SEC currently registers 17 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Power Corporation Of Canada	Corporation	1 Apr 1925	50% - 75%	foreign entity
Power Financial Corporation	Shareholder	1 Apr 1940	50% - 75%	foreign entity
Mr. Paul Desmarais Sr.	Shareholder, director	1 May 1968	25% - 50%	foreign entity
Paul Guy Desmarais	Shareholder, director	1 May 1968	25% - 50%	1498207
Igm Financial Inc.	Shareholder	1 Aug 1978	75% - 100%	foreign entity
Investors Group Inc.	Corporation	1 Aug 1978	75% - 100%	foreign entity
Investors Group Inc.) Igm Financial Inc. (Formerly	Corporation	1 Aug 1978	75% - 100%	foreign entity
171263 Canada Inc.	Shareholder	1 Dec 1989	50% - 75%	foreign entity
279595 Canada Inc.	Corporation	1 Feb 1992	75% - 100%	foreign entity
Power Corporation Of Canada	Shareholder	1 Dec 2008	75% - 100%	foreign entity
The Desmarais Family Residuary Trust	Shareholder	1 Oct 2013	50% - 75%	00-0000000
Jacqueline Desmarais	Trustee	1 Oct 2013	Other	6264972
Michel Plessis Belair	Trustee	1 Oct 2013	Other	6264973
Guy Fortin	Trustee	1 Oct 2013	Other	6264971
Paul Desmarais	Trustee	1 Oct 2013	Other	1498208
Andre Desmarais	Trustee	1 Oct 2013	Other	6265184
Sophie Desmarais	Trustee	1 Mar 2018	Other	6922224

Based in Toronto, Ontario

The principal office where Mackenzie Financial Corporation performs its advisory services is located at 180 Queen Street West, Toronto, Ontario, M5 V 3 K1 The mailing address of the firm is 180 Simcoe Street, Toronto, M5 T 3 M2. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 416-967-2323 or by fax 416-922-7062. The normal business hours are 8:30am to 5:30pm (est) on Monday - Friday. You can find more information about the New York firm at mackenzieinvestments.com.