DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Mfs Institutional Advisors Inc.

Other adviserBoston, MassachusettsCRD 107144SEC 801-46433websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Nov 21, 2011 · 51 filings
SEC status approved since May 6, 1994
RAUM
$114B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
2.8%
$3.2B individuals and HNW
Advisors
52
registered through the firm on IAPD
RAUM per advisor
$2.2B
derived; firm RAUM over IAPD count
Employees
1,311
327 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
6
reported on Schedule D
History
51 filings and snapshots on the tape
RAUM$114B as of Mar 31, 2026
Mar 30, 2012$66B then
HNW client RAUM$1.0B as of Mar 31, 2026
Mar 30, 2018$3.5B then
State-registered IARs (5.B.3)13 as of Mar 31, 2026
Mar 28, 201330 then
Employees (5.A)1,311 as of Mar 31, 2026
Mar 28, 20131,000 then
Private funds6 as of Mar 31, 2026
Mar 30, 20124 then
RAUM +1.6% over the last fiscal year-0.9% a year over threeIARs 12 to 13
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RAUM per advisor
$2.2BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
184derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$8.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
54%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
25.2derivedItem 5.A over advisors
Advisors per office
52.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+1.6%derivedbetween the last two annual amendments
Advisor growth, one year
+8.3%derivedItem 5.B.3 between annual amendments
Client growth, one year
+24%derived
Compensation
percentage of assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, pension consulting, selection of other advisersreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$3.8B, 23 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$46B41%
  • State and municipal entities$20B18%
  • Pension and profit-sharing plans$17B15%
  • Sovereign wealth funds$15B13%
  • Insurance companies$7.8B7.0%
  • Individuals$2.2B2.0%
  • Charitable organizations$1.9B1.7%
  • High-net-worth individuals$1.0B0.9%
  • Investment companies$749M0.7%
  • Corporations and businesses$606M0.5%
Individual clients
9,145reported
HNW clients
407reported
Pension plan clients
253reported
Charitable clients
116reported
Accounts
13,555reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $5.8B managedreported
Custody of client assets
$3.8B for 23 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.03 fund_share=0.41 institutional_share=0.54 related_bd=true related_bank=true bd_reps=130.0derived
Advisors registered through the firm
52 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Philip William MartinBaldwinsville, Ny Oct 12, 200526 y2
Kevin Michael HigneyNorth Attleboro, Ma Mar 10, 200629 y0
James Michael IgnazioBoston, Ma Mar 10, 200632 y0
Matthew Wade CrowtherBoston, Ma Mar 15, 200629 y0
Michael William SchwanekampBoston, Ma Mar 20, 200633 y0
David Gilbert MartinezLaguna Niguel, Ca Mar 21, 200634 y1
Justin Arthur HansenBoston, Ma Mar 5, 200721 y0
Ryan Edward MullenWeston, Ma Jun 24, 200832 y0
Ryan Michael KirkwoodHopkinton, Ma Jul 21, 200822 y0
Victor S CurtisCincinnati, Oh Jul 30, 200932 y2
Robert FergusonGranite Bay, Ca Feb 22, 201018 y1
Russell Robert KilpatrickBoston, Ma Jan 6, 201124 y2
John Patrick GarrettScituate, Ma Jul 28, 201123 y1
Kurt Allen BealBoston, Ma Aug 1, 201225 y1
Serge Pierre-LouisBoston, Ma Oct 15, 201219 y1
Andy Odinga TyndallBoston, Ma Mar 4, 201326 y2
Steven David BurkhardtBoston, Ma Mar 25, 201329 y3
Suzanne CrouchBoston, Ma Mar 31, 201428 y0
Thomas Patrick ShanleyBoston, Ma Mar 31, 201418 y1
Graham Thomas KimmererBoston, Ma Mar 31, 201413 y1
Lori Panuccio HubbardOak Ridge, Nc Jul 30, 201418 y4
Kevin Dale BrittBoston, Ma Oct 6, 201426 y2
Karen Lorraine IrelandBoston, Ma Dec 21, 201526 y1
Janet Ann OliverLazy Lake, Fl Sep 12, 201623 y3
James William HakewillBoston, Ma Jun 26, 201716 y3
Patrick John CarrollBoston, Ma Apr 8, 202018 y3
Jason James MorskiBoston, Ma Jul 21, 202021 y2
Gary Curtis HamptonChartered Financial AnalystMedfield, Ma May 4, 202219 y0
Jeffrey Edward MaccuneChartered Financial AnalystMarshfield, Ma May 10, 202214 y0
Scott Tomlinson EdgcombChartered Financial AnalystMarblehead, Ma May 10, 202214 y0
Mitchell Alan TofteTacoma, Wa Aug 23, 202211 y1
Sean Patrick MurphyChartered Financial AnalystBoston, Ma Oct 18, 202218 y0
Bridget BinghamChartered Financial AnalystReading, Ma Oct 18, 202216 y0
Caroline Daigle CareyScituate, Ma Feb 27, 202310 y0
Paul Andrew CentauroChartered Financial AnalystBoston, Ma Mar 27, 20239 y0
Robert David ThomsonHingham, Ma May 24, 202320 y1
Joe Marcos ValenciaPinellas Park, Fl Jul 25, 202320 y1
Julia Lynmore PerryBoston, Ma Mar 21, 202410 y1
Marena Hnat-DembitzBoxford, Ma Jul 9, 202420 y0
Lauren Mary ByrneScituate, Ma Sep 6, 202414 y3
All 52 advisors at Mfs Institutional Advisors Inc.
Advisor movement
3 left, 3 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 5.8% of current headcount7 left over 36 months
Left, latest
Joined, latest
Private funds
8 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Mfs International Growth LLC IIOther Private Fund$368M5Sep 20, 2017
Mfs Core Plus Fixed Income LLCHedge Fund$333M6Mar 31, 2017
Mfs International Growth LLCOther Private Fund$292M15Mar 7, 2012
Mfs Emerging Markets Debt LLC IHedge Fund$103M4Mar 31, 2022
Mfs Global Equity LLCOther Private Fund$97.7M2Mar 7, 2012
Mfs Global Aggregate Opportunistic LLCHedge Fund$51.3M2Mar 31, 2022
Mfs International Research Equity LLCOther Private Fund$35.7M4Mar 7, 2012
Mfs International Concentrated Equity LLCOther Private Fund$20.3M3Mar 28, 2013
Owners and control persons
Schedule A and B, latest filing
  • William Carol Geremia · President And Secretarycontrol
    since 10/2012 · owns less than 5%
  • Walter Heidi Hardin · Director And Chair Of The Boardcontrol
    since 01/2022 · owns less than 5%
  • Sean Michael Keenan · Directorcontrol
    since 11/2018 · owns less than 5%
  • Esmeralda Rosa Licea-Mailloux · Chief Compliance Officercontrol
    since 03/2022 · owns less than 5%
  • George Robertson Mansi · Directorcontrol
    since 03/2013 · owns less than 5%
  • Michelle Thompson-Dolberry · Directorcontrol
    since 01/2024 · owns less than 5%
  • Charuda Upatham-Costello · Director And Treasurercontrol
    since 01/2022 · owns less than 5%
Entity owners
  • Massachusetts Financial Services Company · Parent Company
    direct · owns 75% or more
  • Sun Life 2007-1 Financing Corp. · Shareholder
    indirect · owns 75% or more of Sun Life Assurance Company Of Canada - U.S. Operations Holdings, Inc.
  • Sun Life Assurance Company Of Canada - U.S. Operations Holdings, Inc. · Shareholder
    indirect · owns 75% or more of Sun Life Financial (U.S.) Holdings, Inc.
  • Sun Life Financial (U.S.) Holdings, Inc. · Shareholder
    indirect · owns 75% or more of Sun Life Financial (U.S.) Investments LLC
  • Sun Life Financial (U.S.) Investments LLC · Shareholder
    indirect · owns 75% or more of Sun Life Of Canada (U.S.) Financial Services Holdings, Inc.
  • Sun Life Financial Inc. · Shareholder
    indirect · owns 75% or more of Sun Life Global Investments Inc. · public reporting company
  • Sun Life Global Investments Inc. · Shareholder
    indirect · owns 75% or more of Sun Life 2007-1 Financing Corp.
  • Sun Life Of Canada (U.S.) Financial Services Holdings, Inc. · Shareholder
    indirect · owns 75% or more of Massachusetts Financial Services Company
Related persons
Schedule D 7.A
  • Mfs Investment Management
    investment adviserbankyRAUM $514B
  • Mfs Do Brasil Desenvolvimento De Mercado Ltda.
    investment advisern
  • Mfs Fund Distributors, Inc.
    broker-dealern
  • Mfs Heritage Trust Company
    pooled vehicle sponsorn
  • Mfs International (Hong Kong) Limited
    broker-dealerinvestment advisern
  • Mfs International (U.K.) Limited
    broker-dealerinvestment advisern
  • Mfs International Australia Pty Ltd
    broker-dealerinvestment advisery
  • Mfs International Singapore Pte. Ltd.
    investment advisern
  • Mfs Investment Management Canada Limited
    broker-dealerinvestment adviserpooled vehicle sponsory
  • Mfs Investment Management Company (Lux) S.A R.L.
    broker-dealerinvestment adviserpooled vehicle sponsorn
  • Mfs Investment Management K.K.
    broker-dealerinvestment adviserpooled vehicle sponsorn
  • Slgi Asset Management Inc.
    broker-dealerinvestment adviserbankpooled vehicle sponsorn
  • Sun Life Assurance Company Of Canada (U.K.) Limited
    real estaten
  • Slc Management
    investment adviserbankpooled vehicle sponsornRAUM $76B
Advisers that list Mfs Institutional Advisors Inc. as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Boston, Ma · principal5251
Scituate, Ma300
Cincinnati, Oh201
Jamaica Plain, Ma000
Kirkwood, Mo001
Simi Valley, Ca000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 10,260 to 13,555
    Feb 6, 2026 to Mar 31, 2026
  • Advisory employees · 331 to 327
    Feb 6, 2026 to Mar 31, 2026
  • BD registered reps · 123 to 130
    Feb 6, 2026 to Mar 31, 2026
  • Charity clients · 104 to 116
    Feb 6, 2026 to Mar 31, 2026
  • Corporate clients · 110 to 114
    Feb 6, 2026 to Mar 31, 2026
  • HNW clients · 338 to 407
    Feb 6, 2026 to Mar 31, 2026
  • Individual clients · 7,341 to 9,145
    Feb 6, 2026 to Mar 31, 2026
  • Pension plan clients · 208 to 253
    Feb 6, 2026 to Mar 31, 2026
  • Pooled vehicle clients · 123 to 124
    Feb 6, 2026 to Mar 31, 2026
  • Assets in custody · $1.5B to $3.8B
    Feb 6, 2026 to Mar 31, 2026
  • Employees · 1,331 to 1,311
    Feb 6, 2026 to Mar 31, 2026
  • State-registered IARs · 12 to 13
    Feb 6, 2026 to Mar 31, 2026
  • Private funds · 7 to 6
    Feb 6, 2026 to Mar 31, 2026
  • Discretionary RAUM · $112B to $114B
    Feb 6, 2026 to Mar 31, 2026
  • HNW RAUM · $916M to $1.0B
    Feb 6, 2026 to Mar 31, 2026
  • Individual RAUM · $1.8B to $2.2B
    Feb 6, 2026 to Mar 31, 2026
  • Pension RAUM · $17B to $17B
    Feb 6, 2026 to Mar 31, 2026
  • Pooled vehicle RAUM · $42B to $46B
    Feb 6, 2026 to Mar 31, 2026
  • RAUM · $112B to $114B
    Feb 6, 2026 to Mar 31, 2026
  • Wrap assets (manager) · $4.5B to $5.8B
    Feb 6, 2026 to Mar 31, 2026
  • Accounts · 8,586 to 10,260
    Oct 30, 2024 to Mar 31, 2025
  • Advisory employees · 332 to 331
    Oct 30, 2024 to Mar 31, 2025
  • BD registered reps · 126 to 123
    Oct 30, 2024 to Mar 31, 2025
  • Charity clients · 97 to 104
    Oct 30, 2024 to Mar 31, 2025
  • Corporate clients · 115 to 110
    Oct 30, 2024 to Mar 31, 2025
  • HNW clients · 299 to 338
    Oct 30, 2024 to Mar 31, 2025
  • Individual clients · 6,005 to 7,341
    Oct 30, 2024 to Mar 31, 2025
  • Pension plan clients · 198 to 208
    Oct 30, 2024 to Mar 31, 2025
  • Pooled vehicle clients · 126 to 123
    Oct 30, 2024 to Mar 31, 2025
  • Assets in custody · $1.3B to $1.5B
    Oct 30, 2024 to Mar 31, 2025
  • Employees · 1,300 to 1,331
    Oct 30, 2024 to Mar 31, 2025
  • Financial planning clients · unset to
    Oct 30, 2024 to Mar 31, 2025
  • State-registered IARs · 11 to 12
    Oct 30, 2024 to Mar 31, 2025
  • Private funds · 8 to 7
    Oct 30, 2024 to Mar 31, 2025
  • Discretionary RAUM · $129B to $112B
    Oct 30, 2024 to Mar 31, 2025
  • HNW RAUM · $786M to $916M
    Oct 30, 2024 to Mar 31, 2025
  • Individual RAUM · $1.5B to $1.8B
    Oct 30, 2024 to Mar 31, 2025
  • Pension RAUM · $34B to $17B
    Oct 30, 2024 to Mar 31, 2025
  • Pooled vehicle RAUM · $43B to $42B
    Oct 30, 2024 to Mar 31, 2025
  • RAUM · $129B to $112B
    Oct 30, 2024 to Mar 31, 2025
Signals
18 dated events
  • Andrew David Messner left Mfs Institutional Advisors Inc. for Touchstone Advisors Inc (registered 2025-12-18)
    Nov 28, 2025 · Advisor changed firm · fact
  • Anthony Michael Iskandar left Mfs Institutional Advisors Inc. for John Hancock Investment Management Llc (registered 2025-12-18)
    Nov 25, 2025 · Advisor changed firm · fact
  • Daniela Mendez left Mfs Institutional Advisors Inc. for Capital Client Group, Inc. (registered 2025-12-23)
    Nov 11, 2025 · Advisor changed firm · fact
  • Hudson Charles Walker left Mfs Institutional Advisors Inc. for Capital Client Group, Inc. (registered 2025-03-20)
    Mar 4, 2025 · Advisor changed firm · fact
  • Carlin Champion left Mfs Institutional Advisors Inc. for Columbia Management Investment Advisers, Llc (registered 2024-11-27)
    Nov 4, 2024 · Advisor changed firm · fact
  • Max Alan Lepley left Mfs Institutional Advisors Inc. for Kanani Advisory Group Inc. (registered 2024-10-17)
    May 29, 2024 · Advisor changed firm · fact
  • Anne Marie Bernard (Director) no longer on Schedule A of Mfs Institutional Advisors Inc. (listed 2023-03-31, absent 2024-03-28)
    Mar 28, 2024 · Control person left · inference
  • Michelle Thompson-Dolberry (Director) appeared on Schedule A of Mfs Institutional Advisors Inc.
    Mar 28, 2024 · Control person joined · fact
  • Sean Keenan Mahoney left Mfs Institutional Advisors Inc. for Edward Jones (registered 2024-02-26)
    Feb 27, 2024 · Advisor changed firm · fact
  • Owen Robert Flanagan left Mfs Institutional Advisors Inc. for Commonwealth Financial Network (registered 2023-04-05)
    Mar 16, 2023 · Advisor changed firm · fact
  • Samuel Wade Perry left Mfs Institutional Advisors Inc. for Sanctuary Advisors, Llc (registered 2023-03-01)
    Mar 1, 2023 · Advisor changed firm · fact
  • Paul Judson Pilcher left Mfs Institutional Advisors Inc. for Arkadios Wealth Advisors (registered 2022-04-26)
    Apr 29, 2022 · Advisor changed firm · fact
  • Mfs Institutional Advisors Inc. reported 5 state-registered advisory representatives, down from 47 (2022-01-04 to 2022-03-31)
    Mar 31, 2022 · Advisor headcount change · derived
  • Esmeralda Rosa Licea-Mailloux (Chief Compliance Officer) appeared on Schedule A of Mfs Institutional Advisors Inc.
    Mar 31, 2022 · Control person joined · fact
  • Joel Martin Wolin (Chief Compliance Officer) no longer on Schedule A of Mfs Institutional Advisors Inc. (listed 2022-01-04, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • Walter Heidi Hardin (Director And Chair Of The Board) appeared on Schedule A of Mfs Institutional Advisors Inc.
    Jan 4, 2022 · Control person joined · fact
  • William Michael Roberge (Director And Chairman Of The Board) no longer on Schedule A of Mfs Institutional Advisors Inc. (listed 2021-05-12, absent 2022-01-04)
    Jan 4, 2022 · Control person left · inference
  • M. John Corcoran (Director) no longer on Schedule A of Mfs Institutional Advisors Inc. (listed 2021-05-12, absent 2022-01-04)
    Jan 4, 2022 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Firm profile
linkedin.com/company/mfs-investment-managementreportedpublic record, Form ADV, Sep 17, 2026
Website
mfs.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
617-954-5000reportedpublic record, Form ADV, Mar 31, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Other adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
$2.2Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026