Mackenzie Investments Corporation (Toronto, Ontario)

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

Mackenzie Investments Corporation is a large advisory firm based in Toronto, Ontario. It manages $840.97 million of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Massachusetts.

Mackenzie Investments Corporation provides portfolio management for investment companies, portfolio management for pooled investment vehicles, 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 Investments Corporation: assets under management

The assets under management (AUM) of Mackenzie Investments Corporation is $840.97 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 22% since the beginning of its operation, and $790.74 million of the total AUM is attributable to clients outside of the United States.

The firm manages $840.97 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $64.69 million each.

Mackenzie Investments Corporation has custody of $18.33 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mackenzie Investments Corporation for their services and products based on a percentage of assets under management and performance-based fees. 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 Brian John Gooding serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Brian John Gooding is pooled investment vehicles with 12 clients and $790.74 million of assets under management. Among the 11 most similar advisory firms, Mackenzie Investments Corporation has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $840.97 million for 13 clients. 90% of the firm’s clients are foreign persons or businesses.

Mackenzie Investments Corporation also advises several private funds. Namely, one hedge fund and six other private funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Mackenzie Investments Corporation

The company employs 9 people that are either part- or full-time employees. 67 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Brian John Gooding has been acting as President since 1 May 2016. Jeffrey Robert Carney joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mackenzie Financial Corporation	Shareholder	1 Sep 2012	75% - 100%	110338
Tony H Elavia	Director, executive vice-president & chief investment officer	1 Sep 2012	Other	1962602
Edward Merchand	Chief financial officer & treasurer	1 Sep 2012	Other	4556984
Charles Robert Sims	Director, president & chief executive officer	1 Sep 2012	Other	4309261
Edward Blake Moore	Director & executive vice-president, distribution	1 Sep 2012	Other	2406234
Diana Lynn Vickers	Chief compliance officer	1 Dec 2012	Other	5905135
Jeffrey Robert Carney	Director, president & chief executive officer	1 May 2013	Other	4608993
Brent Harold Moore	Senior vice-president and chief compliance officer	1 Jun 2013	Other	4392321
Joseph Luke Gregoire Gould	Chief financial officer and treasurer	1 Oct 2013	Other	6262671
Brian John Gooding	Director	1 May 2016	Other	6457006
David Martin Ronald Cheop	Chief compliance officer	1 Jul 2016	Other	6684393
Barry Sean Mcinerney	Chairman, president and chief executive officer	1 Jul 2016	Other	4379798
Arup Kumar Datta	Senior vice-president, investment management	1 Sep 2017	Other	2264910
Christopher Wilson Jay Boyle	Director	1 Oct 2017	Other	5928521
Gillian Eloise Seidler	Chief compliance officer	1 May 2018	Other	7085147
Jeffrey Robert Carney	Director	1 Jun 2018	Other	4608993

Indirect Owners

The SEC currently registers 13 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Power Financial Corporation	Shareholder	1 Apr 1940	50% - 75%	00-0000000
Paul Guy Desmarais	Shareholder	1 May 1968	50% - 75%	1498207
Igm Financial Inc.	Shareholder	1 Aug 1978	75% - 100%	00-0000000
171263 Canada Inc.	Shareholder	1 Dec 1989	50% - 75%	00-0000000
Mackenzie Inc.	Shareholder	1 Jan 2003	75% - 100%	00-0000000
Power Corporation Of Canada	Shareholder	1 Dec 2008	75% - 100%	00-0000000
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 Caroline Desmarais	Trustee	1 Mar 2018	Other	6922224

Based in Toronto, Ontario

The principal office where Mackenzie Investments Corporation performs its advisory services is located at 180 Queen Street West, Toronto, Ontario, M5 V 3 K1, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. 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 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at mackenzieinvestments.com.