Mackenzie Financial Corporation
Founded in 1967, Mackenzie continues to build an investment advisory business primarily through proprietary investment research and experienced portfolio management. Our diversified distribution network continues to expand amongst independent financial advisors, and more recently has grown dramatically in the sub-advised, institutional and high net worth markets in North America.
Highlights
- As of December 31, 2006, total assets under management were $61.5 billion, up 23.4% from the prior year end. Institutional, sub-advised and other assets under management increased to $14.9 billion, up 80.9% from the prior year.
- During 2006, Mackenzie continued to build and develop relationships within the retail and institutional channels. Total sales into retail, sub-advised and institutional products were $11.7 billion versus $11.1 billion in 2005, an increase of 5.6%.
- Mackenzie acquired the assets of Cundill Investment Research Ltd., and related entities (the Cundill Group) on September 22, 2006, which added $3.3 billion in institutional and high net worth assets and solidified the long-standing relationship between the two organizations, which began in 1998 in the retail channel in Canada.
- A number of innovative products were introduced in 2006, including the Mackenzie Charitable Giving Fund, which allows clients to leave a lasting legacy by creating their own charitable donor-advised account, and the Mackenzie Founders Fund, a fund of funds that combines four of our legacy funds.
