Assets under management nearly double over the past year to $739.5 million
TORONTO, Nov. 14, 2014 /CNW/ - Morneau Shepell Asset & Risk Management Ltd., a wholly owned subsidiary of Morneau Shepell, is pleased to announce it has been named the fastest growing money management firm in Canada (with assets totaling less than $1 billion) by Benefits Canada magazine. The monthly publication, which serves the human resources, defined benefit and defined contribution plan sponsor market, lists Morneau Shepell Asset & Risk Management Ltd. with $739.5 million of assets under management as of June 30, 2014.
Morneau Shepell's ranking has risen from third to first place over the past year and represents an increase of more than 95 per cent over last year's $378 million of assets under management.
"The strong growth in assets under management is a testament to our outcome-oriented investing philosophy and approach," said Robert Boston, Partner with Morneau Shepell Asset & Risk Management Ltd. "Our approach broadens asset allocation beyond the traditional equity/bond mix to improve diversification and provide greater downside protection. More than ever, pension plans are looking to their investment consultants to provide both strategy and execution on a more holistic basis."
In just over two years, Morneau Shepell Asset & Risk Management has doubled its assets with a program of four investment funds designed to achieve targeted investment outcomes for its clients.
About Morneau Shepell Asset & Risk Management Ltd.
Established in 2012, Morneau Shepell Asset & Risk Management was launched as an extension of Morneau Shepell's asset and risk services department to help achieve targeted investment outcomes for clients and provide pension plan sponsors with a new investment approach and asset allocation. By pioneering the outcome-oriented style of investing, Morneau Shepell Asset & Risk Management assists investors by emphasizing downside protection, reduced volatility, and controlled risk. For more information, please visit morneaushepell.com/arm.
About Morneau Shepell Inc.
Morneau Shepell is the largest company in Canada offering human resources consulting and outsourcing services. The Company is the leading provider of employee and family assistance programs, as well as the largest administrator of retirement and benefits plans and the largest provider of integrated absence management solutions in Canada. Through health and productivity, administrative, and retirement solutions, Morneau Shepell helps clients reduce costs, increase employee productivity and improve their competitive position. Established in 1966, Morneau Shepell serves more than 20,000 clients, ranging from small businesses to some of the largest corporations and associations in North America. With approximately 3,600 employees in offices across North America, Morneau Shepell provides services to organizations across Canada, in the United States, and around the globe. Morneau Shepell is a publicly traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com.
SOURCE: Morneau Shepell - Corporate
For further information: Nathan Gibson, [email protected], 416-390-2641