Massachusetts Financial Services Pros And Cons

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Massachusetts Financial Services (MFS) is America’s oldest mutual fund company established in 1924. The company’s unique culture and compensation policy have a key role in establishing MFS as a successful company. MFS followed “anti-star” philosophy, which encouraged team performance and growing talent from within as opposed to promoting individual performance and the attraction of star performers from other firms and its compensation policy for its managers, is based on a subjective and objective evaluation. MFS’s strength is its company culture and it has a very good record of retaining talent. However, things started changing when MFS included hedge fund, the fastest growing investment management vehicle compared to its business and the