Formerly | Mawer & Associates |
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Company type | Private |
Industry | Investment Management |
Founded | 1974; 51 years ago (1974) |
Founder |
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Headquarters | Calgary, Alberta, Canada |
Key people |
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AUM | CA$90.4 billion (September 2024) |
Number of employees | 280+ (2024) |
Website | www |
Mawer Investment Management (Mawer) is a Canadian investment management firm headquartered in Calgary, Alberta. It acts as a subadvisor for Manulife Investment Management.
History
In 1974, stockbroker Charles Mawer founded the company originally as Mawer & Associates. The firm focused on looking after money for high-net-worth individuals and pension funds in the form of investment funds.
In 1995, Charles Mawer retired from his role running the firm.
2005 Manulife Investment Management selected Mawer to manage its investment funds in a subadvisory capacity.
In November 2018, Mawer hired Bank of Nova Scotia to explore options such as a sale. This came at a time when other Canadian asset management firms were being acquired. However, in December, Mawer decided to remain independent.
The firm's philosophy is to buy strong, growing companies at cheap prices. It has been noted for charging low management fees compared to its peers. Due to lower commissions, financial advisers have avoided selling Mawer funds. The partnership between Mawer and Manulife have allowed more generous and less visible compensation structures for funds.
References
- ^ "Remembering the life of Charles Mawer". Calgary Herald. 29 October 2006. Archived from the original on 9 November 2024. Retrieved 9 November 2024.
- ^ Carrick, Rob (24 July 2008). "Manulife shows Mawer the love". The Globe and Mail. Archived from the original on 9 November 2024. Retrieved 9 November 2024.
- "Manulife gets green light to launch Manulife Mawer Mutual Funds". Investment Executive. 9 July 2008. Archived from the original on 9 November 2024. Retrieved 9 November 2024.
- Tomesco, Frederic (11 November 2018). "'Boring' Mawer Hires Scotiabank to Advise on Possible Sale". Bloomberg News. Archived from the original on 25 May 2019. Retrieved 9 November 2024.
- Kiladze, Tim (7 December 2018). "Mawer Investment Management to stay independent, rules out sale". The Globe and Mail. Archived from the original on 22 January 2019. Retrieved 9 November 2024.
- Luukko, Rudy (28 June 2008). "Why pay more for Manulife-brand Mawer funds?". Toronto Star. Archived from the original on 9 November 2024. Retrieved 9 November 2024.
External links
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Methodology: By AUM Category List |