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Manulife Investment Management Review

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Manulife Investment Management LLC

Manulife Investment Management works primarily with institutional clients such as other financial institutions and sponsors of large investment accounts. It operates as an advisor to the advisor firm. 

If you’re looking for a personal financial advisor who works with individual clients, use SmartAsset’s five-minute matching tool. It will connect you with up to three suitable advisors in your area. 

Manulife Investment Management Background

Manulife currently oversees more than $180 billion in assets under management (AUM). The firm is based in Boston, Massachusetts and employs teams around the world.

Though formed in 1968, the firm registered as an investment advisor with the Securities and Exchange Commission (SEC) in 1992. 

Today, it operates as a direct wholly owned subsidiary of John Hancock Life Insurance Company, which, in turn, is a wholly owned subsidiary of Manulife Financial Corporation, a publicly held company based in Canada. The latter entity is affiliated with both registered and non-registered investment advisors throughout the world. 

What Types of Clients Does Manulife Investment Management Accept?

Manulife works primarily with institutional clients, including public and private pension funds, foundations, mandatory provident funds outside the U.S., financial institutions, investment trusts and separately managed accounts. It also advises high-net-worth-individuals.  

Manulife Investment Management Minimum Account Size

Manulife generally requires institutional clients, other than investment companies, to have account minimums ranging from $10 million to $50 million. Clients enrolled in the firm’s managed account program generally have minimum account sizes of $100,000. Manulife will discuss specific account minimums directly with its clients. It may amend or waive these requirements at its discretion. 

Services Offered by Manulife Investment Management

Manulife primarily offers investment advisory services to managed accounts, most of which are created and managed by unaffiliated investment advisors and other entities. 

The scope of these services ranges from periodically updating a model portfolio on behalf of the account sponsor to directly managing the account on a fully discretionary basis.

In this sense, Manulife acts as an advisor to the advisor. It provides some investment assistance to the program sponsor overseeing the account. 

The firm also serves as manager or sub-advisor to mutual funds sponsored by its affiliates and manages advisory accounts of affiliates such as pension assets for the John Hancock Life Insurance Company and general account assets for Manulife (International) Limited. Additionally, Manulife offers advisory services to clients overseen by the Employee Retirement Income Security Act (ERISA) and non-ERISA plans.

Manulife Investment Management Investment Philosophy

Because Manulife serves a variety of institutional clients with different investment goals, it adopts a variety of different strategies. However, it places an emphasis on proprietary fundamental research. 

Fundamental analysis entails conducting intensive research on the financials behind companies, their competitors, industries and countries to make investment decisions. The firm also engages in quantitative analysis, which involves systematically ranking securities and other financial instruments throughout the investing universe. 

Fees Under Manulife Investment Management

Managed account program annual fees typically range from 0.36% to 1.00% of assets managed. These fees are paid by the program sponsor on a quarterly basis in most cases. 

Manulife and its affiliates may collect fees from private funds as a percentage of AUM or net asset value. 

In addition, clients may incur external expenses such as brokerage and transaction costs along with fees rendered by account custodians.

What to Watch Out For

Manulife does not service investors with small asset sizes. It also doesn’t provide financial planning. If you are looking for help with your investments or personal finances, this firm is likely not the right fit. 

Disclosures

The Securities and Exchange Commision (SEC) requires investment advisors to disclose certain disciplinary events and other related information on a periodic basis via a Form ADV. The latest one available at the time of this writing discloses seven such events. These may have involved regulatory violations of the SEC or Commodity Futures Trading Commission by the firm and its affiliates. As a result, the firm and its affiliates may have entered orders in connection with investment-related activity. Additionally, affiliates may have had their licenses revoked regarding disciplinary matters. 

Opening an Account With Manulife Investment Management

To contact Manulife, call the main office in Boston at 617-375-1500.

Where Is Manulife Investment Management Located?

Headquarters are located at 197 Clarendon Street, Boston, Massachusetts 02116.

Tips for Finding the Right Financial Advisor 

  • Don’t have millions to invest? Use SmartAsset’s financial advisor matching tool. After answering a few questions about your goals, you’ll be connected with up to three local advisors. The tool also gives you access to in-depth profiles for easy comparing and contrasting. 
  • Be sure to ask potential advisors about their certifications or designations. Certified financial planners (CFPs) are required to work as fiduciaires. This means they are obligated to work in your best interests at all times. To find out more, read our story on the top 10 financial certifications.

All information was accurate as of the writing of this article.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

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Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research