Massachusetts Financial Services Company (Boston)

Name: Massachusetts Financial Services Company
Address: 111 Huntington Avenue, Boston, MA, 02199 7618
Telephone: 617-954-5000

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.

Massachusetts Financial Services Company: assets under management

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 firm manages $332.69 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.11 billion each.

Massachusetts Financial Services Company has custody of $37.67 billion in cash and securities for 54 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 9% of the firm’s portfolio. Investments in derivatives form 2% of the total invested assets.

Fees & Commissions

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.

What kind of clients Colm Joseph Freyne serves?

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.

Careers at Massachusetts Financial Services Company

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Wallace Scott	Director & exec. v.p.	1 May 1973	Other	417298
Jr. Thomas Joseph Cashman	Director & exec. v.p.	1 Jul 1980	Other	4341416
Arnold Dwayne Scott	Sr. exec. v.p. & director	1 Jan 1982	Other	416886
Jeffrey Lee Shames	Chairman & ceo	1 Aug 1983	Other	2580662
Kevin Ralph Parke	Director, chief investment officer & exec. v.p.	1 Jul 1985	Other	4341421
Stephen Edward Cavan	Sr. v.p., general counsel & secretary	1 Dec 1989	Other	1857002
John William Ballen	Director & president	1 Jul 1994	Other	4341404
Joseph William Dellorusso	Director, c.a.o., c.i.o. & exec. v.p.	1 Sep 1994	Other	2637135
Donald Alexander Stewart	Director	1 Oct 1996	Other	4342868
Sharon Joy Ellis	Sr. v.p. & director of compliance	1 Dec 1996	Other	4341419
Inc. Sun Life Of Canada (U.S.) Financial Services Holdings	Shareholder	1 Dec 1997	75% - 100%	04-3401285
Inc. Sun Life Of Canada (Us) Financial Services Holdings	N/a	1 Dec 1997	75% - 100%	04-3401285
Claude James Prieur	Director	1 Jul 1999	Other	2355179
William Stinson	Director	1 Jul 1999	Other	4341777
James Cameron Baillie	Director	1 May 2001	Other	4519187
Robert Joseph Whelan	Chief financial officer	1 Jan 2002	Other	2766179
Martin Eric Beaulieu	Director	1 Feb 2002	Other	1254042
Robert James Manning	Director, executive vice president, chief fixed income officer	1 May 2002	Other	4646484
Richard Lee Schmalense	Director	1 May 2002	Other	4648540
Martin Eric Beaulieu	Executive vice president & director of global distribution	1 Jul 2002	Other	1254042
Robert James Manning	President, chief executive officer and chief investment officer	1 Feb 2004	Other	4646484
Robert Charles Pozen	Chairman	1 Feb 2004	Other	1963981
Michael Howard Whitaker	Sr. v.p. & chief compliance officer	1 Mar 2004	Other	4779927
Maria Frances Dwyer	Executive vice president, chief regulatory officer	1 Mar 2004	Other	2465027
Jeffrey Neil Carp	Executive vice president, general counsel & secretary	1 Apr 2004	Other	4880567
William Kenneth O'brien	Director	1 May 2004	Other	4880543
Robin Ann Stelmach	Director & chief operations officer	1 May 2004	Other	4925807
Ronald Walter Osborne	Director	1 May 2004	Other	4925812
Robin Ann Stelmach	Executive vice president & chief operating officer	1 Jul 2004	Other	4925807
Paul Thomas Kirwan	Executive vice president & chief financial officer	1 Aug 2004	Other	4880561
Mark Neil Polebaum	Secretary	1 Jan 2006	Other	5114980
Mark Neil Polebaum	Executive vice president, general counsel & secretary	1 Mar 2006	Other	5114980
Thomas Anthony Bogart	Director	1 Mar 2007	Other	4940026
Kevin Patrick Dougherty	Director	1 Nov 2007	Other	5503741
Jon Andrew Boscia	Director	1 Dec 2008	Other	1505307
Elizabeth Marie Nichols Petipas	Senior vice president, chief financial officer & treasurer	1 Jan 2009	Other	5631609
Amrit Bir Singh Kanwal	Executive vice president and chief financial officer	1 Apr 2009	Other	4364304
Michael William Roberge	President & chief investment officer - us investments	1 Jan 2010	Other	2587617
Dean A Connor	Director	1 Mar 2010	Other	5774342
Dean Arthur Connor	Director	1 Mar 2010	Other	5774342
David Alexander Antonelli	Vice chairman	1 Jul 2010	Other	5827304
Martin Eric Beaulieu	Director, vice chairman, and head of global distribution	1 Jul 2010	Other	1254042
Robert James Manning	Director, chief executive officer & chairman of the board of directors	1 Jul 2010	Other	4646484
Michael William Roberge	President, chief investment officer, and director of global research	1 Jul 2010	Other	2587617
David A. Antonelli	Vice chairman	1 Jul 2010	Other	5827304
Thomas Anthony Bogart	Director	1 Dec 2010	Other	4940026
Michael William Roberge	President, chief investment officer, director of global research, and director	1 Sep 2011	Other	2587617
Timothy Manning Fagan	Chief compliance officer	1 Jan 2012	Other	2681449
Timothy M Fagan	Chief compliance officer	1 Jan 2012	Other	2681449
Colm Joseph Freyne	Director	1 Mar 2012	Other	6047987
Stephen C Peacher	Director	1 Jun 2014	Other	1567536
Robert James Manning	Director, co-chief executive officer & chairman of the board of directors	1 Jan 2015	Other	4646484
Michael William Roberge	Director, co-chief executive officer, president, and chief investment officer	1 Jan 2015	Other	2587617
Brent H. Farmer	Interim chief compliance officer	1 Jun 2015	Other	6504580
Martin Joel Wolin	Chief compliance officer	1 Jul 2015	Other	4331075
Robert James Manning	Director, executive chairman & chairman of the board of directors	1 Jan 2017	Other	4646484
Robin Ann Stelmach	Vice chairman	1 Jan 2017	Other	4925807
Michael William Roberge	Director, chief executive officer, and chief investment officer	1 Jan 2017	Other	2587617
Heidi Walter Hardin	Executive vice president, general counsel, and secretary	1 Mar 2017	Other	2619251
Kevin D. Strain	Director	1 Jun 2017	Other	6821867
Carol William Geremia	President	1 Jan 2018	Other	1456883
Michael William Roberge	Director and chief executive officer	1 Jan 2018	Other	2587617

Indirect Owners

The SEC currently registers 21 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Sun Life Assurance Company Of Canada	Shareholder	1 Mar 1865	75% - 100%	04-2461439
Inc. Sun Life Of Canada (U.S.) Financial Services Holdings	Shareholder	1 Sep 1992	75% - 100%	04-3401285
Inc. Sun Life Assurance Company Of Canada Us Operations Holdings	Shareholder	1 Dec 1997	75% - 100%	04-3401283
Inc. Sun Life Financial (U.S.) Holdings	Shareholder	1 Dec 1997	75% - 100%	04-3579262
Inc. Sun Life Assurance Company Of Canada U.S.Operations Holdings	Shareholder	1 Dec 1997	75% - 100%	04-3401283
Inc. Sun Life Financial Services Of Canada	Shareholder	1 Mar 2000	75% - 100%	98-0226074
Sun Life Financial Inc.	Shareholder	1 Mar 2000	75% - 100%	98-0226074
Inc. Sun Life Financial	Shareholder	1 Mar 2000	75% - 100%	98-0226074
Inc. Sun Life Financial (U.S.) Holdings	Shareholder	1 Sep 2001	75% - 100%	04-3579262
Sun Life Financial (U.S.) Investments Llc	Shareholder	1 Sep 2001	75% - 100%	04-3579262
Sun Life Financial (U.S.) Investments Llc	Shareholder	1 Oct 2001	75% - 100%	04-3579262
Inc. Sun Life Financial (U.S.) Holdings	Shareholder	1 Oct 2001	75% - 100%	04-3579262
Inc. Sun Life Assurance Company Of Canada U.S.Operations Holdings	Shareholder	1 Oct 2001	75% - 100%	04-3401283
Sun Life Financial Inc.	Shareholder	1 Nov 2004	75% - 100%	98-0226074
Sun Life Financial Corp.	Shareholder	1 Nov 2004	75% - 100%	none
Sun Life Global Investments Inc.	Shareholder	1 Nov 2004	75% - 100%	none
Sun Life Global Investments Inc.	Shareholder	1 Jan 2005	75% - 100%	none
Inc. Sun Life Assurance Company Of Canada U.S. Operations Holdings	Shareholder	1 Jan 2005	75% - 100%	04-3401283
Inc. Sun Life Assurance Company Of Canada U.S.Operations Holdings	Shareholder	1 Jan 2005	75% - 100%	04-3401283
Sun Life Global Investments Inc.	Shareholder	1 Nov 2016	75% - 100%	foreign
Sun Life 2007 1 Financing Corp.	Shareholder	1 Nov 2016	75% - 100%	98-0645594

Based in Boston

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.