Manning and Napier Inc (N:MN)

Sector:  Financials Industry:  Investment Management & Fund Operators
See Regulatory Filings on SEC
Company Contact
Address: 290 Woodcliff Dr
FAIRPORT NY 14450-4212
Tel: N/A
IR: See website
Key People
William Manning
Chairman of the Board
Aaron Thomas McGreevy
Managing Director - Taft Hartley
Marc O. Mayer
Chief Executive Officer
Paul John Battaglia
Chief Financial Officer
Christopher Pickett Briley
Chief Technology Officer
Marc D. Tommasi
Chief Investment Strategist
Nicole Marie Kingsley Brunner
Chief Marketing Officer
Sarah C. Turner
General Counsel, Corporate Secretary
Thomas Anderson
Managing Director, Intermediary Distribution, Manning & Napier Advisors
Antony John Desorbo
Managing Director, Regional Sales
Business Overview
Manning & Napier, Inc. is an independent investment management company. The Company operates through investment management industry segment. It provides a range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds, as well as a range of consultative services. It offers equity, fixed income and alternative strategies, as well as a range of blended asset portfolios, such as life cycle funds. It serves a client base of high net worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans (Taft-Hartley), endowments and foundations. It offers its investment management capabilities through direct sales to high net worth individuals and institutions, as well as through third-party intermediaries, platforms and institutional investment consultants. Its investment management offerings include approximately 40 separate account composites, and over 60 mutual funds and collective investment trusts.
Financial Overview
For the nine months ended 30 September 2019, Manning and Napier Inc revenues decreased 17% to $103.3M. Net income applicable to common stockholders decreased 30% to $1.8M. Revenues reflect Mutual funds and collective investment t decrease of 31% to $22.6M, Separately managed accounts decrease of 12% to $65.2M, Distribution and shareholder servicing decrease of 16% to $7.8M.
Employees: 433 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $140.71M as of Sep 30, 2019
EBITDA (TTM): $14.06M as of Sep 30, 2019
Net annual income (TTM): $2.35M as of Sep 30, 2019
Free cash flow (TTM): $14.15M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 15,594,407 as of Nov 8, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization