Mission Statement, Vision, & Core Values (2024) of Affiliated Managers Group, Inc. (AMG).

An Overview of Affiliated Managers Group, Inc. (AMG)

General Summary of Affiliated Managers Group, Inc. (AMG)

Affiliated Managers Group, Inc. (AMG) was established in 1993, focusing on acquiring interests in boutique investment management firms. The company operates through a unique partnership model, allowing it to leverage the expertise of its affiliates while maintaining a decentralized structure. AMG's portfolio includes a diverse range of investment strategies across various asset classes, including equity, fixed income, and alternative investments.

As of 2024, AMG's consolidated revenue totaled $1,516.6 million for the nine months ended September 30, 2024, reflecting a slight decrease of 2% compared to the prior year. The company reported consolidated Affiliate average assets under management (AUM) of $404.0 billion, a 2% increase from the previous year.

Company's Financial Performance in the Latest Financial Reports

In the financial report for the nine months ending September 30, 2024, AMG reported a net income of $349.5 million, down 27% from $476.8 million in the same period of 2023. This decline was attributed primarily to a significant pre-tax gain of $133.1 million recognized in the third quarter of 2023 from the Veritable Transaction.

AMG's total consolidated expenses for the nine months ended September 30, 2024, were $1,115.4 million, which remained relatively stable compared to $1,112.5 million in the previous year. Compensation and related expenses increased by 2% year-over-year.

Introduction to AMG as a Leader in the Industry

Affiliated Managers Group, Inc. is recognized as a leading player in the investment management industry. With a robust portfolio of boutique firms, AMG has cultivated a reputation for delivering specialized investment strategies and achieving strong performance results. The company's unique structure allows it to attract top talent and maintain a competitive edge in various markets.

As of September 30, 2024, AMG's equity method revenue reached $2,210.2 million, reflecting a 13% increase compared to the previous year. The company continues to expand its market presence, focusing on strategic investments in new affiliates while enhancing its existing partnerships. This strategic approach positions AMG as a formidable entity in the investment management landscape, driving consistent growth and innovation.

Mission Statement of Affiliated Managers Group, Inc. (AMG)

Mission Statement of Affiliated Managers Group, Inc. (AMG)

Affiliated Managers Group, Inc. (AMG) operates with a mission statement that emphasizes its commitment to delivering high-quality investment management services through a diversified range of Affiliate firms. This mission is significant as it guides the company's long-term goals and strategic direction, ensuring that AMG remains focused on providing value to its clients, stakeholders, and partners.

Core Component 1: High-Quality Investment Management

The first core component of AMG's mission is its dedication to high-quality investment management. AMG aims to deliver superior investment performance and client service, which is evident in its reported financial metrics. As of September 30, 2024, AMG reported an equity method revenue of $640.7 million, reflecting a 36% increase from the previous year. This growth is attributed to a $109.1 million increase from asset-based fees and a $59.3 million increase from performance-based fees, underscoring the company's commitment to quality in its investment offerings.

Core Component 2: Diversification through Affiliates

The second core component focuses on diversification through a network of affiliate firms. AMG strategically partners with a variety of specialized investment management firms, allowing it to offer a broad range of investment strategies. As of September 30, 2024, AMG had 22 Affiliates accounted for under the equity method, which collectively managed average assets of $307.7 billion. This diversification not only mitigates risk but also enhances AMG's ability to meet the diverse needs of its clients.

Core Component 3: Client-Centric Approach

The third core component is AMG's client-centric approach. The company prioritizes understanding and addressing the unique needs of its clients, which is reflected in its financial performance. For the nine months ended September 30, 2024, AMG's net income was reported at $349.5 million, a decrease of 27% compared to the previous year. This decline highlights the challenges faced; however, AMG remains committed to improving client satisfaction and retention through tailored investment solutions.

AMG's mission statement, along with its core components, illustrates its unwavering focus on high-quality investment management, diversification through a robust affiliate network, and a client-centric approach. These elements are essential for driving the company's performance and ensuring its long-term success in the competitive investment management landscape.

Vision Statement of Affiliated Managers Group, Inc. (AMG)

Vision Statement of Affiliated Managers Group, Inc. (AMG)

The vision statement of Affiliated Managers Group, Inc. (AMG) as of 2024 emphasizes the company's commitment to providing innovative investment management solutions while fostering growth and development within its Affiliate partnerships.

AMG aims to lead in the investment management industry by delivering innovative solutions that address the evolving needs of clients. As of September 30, 2024, AMG's consolidated revenue was $516.4 million, reflecting a decrease of 2% from the previous year, attributed primarily to a decline in asset-based fees.

AMG is dedicated to enhancing the growth and operational independence of its Affiliates. The average assets under management for AMG's consolidated Affiliates reached $404.0 billion, showing a 2% increase from the prior quarter. The company continues to invest in existing and new Affiliates, with total stockholders' equity reported at $4.274 billion as of September 30, 2024.

AMG's vision includes a strong focus on achieving superior client outcomes through strategic investments. As of September 30, 2024, AMG's equity method revenue increased by 36% to $640.7 million compared to the previous quarter, indicating a robust performance in client-driven strategies.

The company emphasizes long-term value creation for its stakeholders. As of September 30, 2024, AMG reported a net income of $185.8 million for the third quarter, down from $286.0 million in the same period the previous year. This reflects AMG's ongoing commitment to navigating market challenges while positioning itself for future growth.

Through its vision statement, AMG articulates a commitment to innovation, growth, and value creation, which are essential to its operational strategy and long-term objectives.

Core Values of Affiliated Managers Group, Inc. (AMG)

Integrity

Integrity is a fundamental core value at Affiliated Managers Group, Inc. (AMG). It emphasizes transparency, honesty, and ethical conduct in all business dealings. This value is crucial as it fosters trust with clients, partners, and employees.

AMG demonstrates its commitment to integrity through rigorous compliance programs and transparent reporting practices. For example, the company adheres to strict regulatory standards, ensuring that all financial disclosures are accurate and timely. In the nine months ended September 30, 2024, AMG reported a net income of $519.5 million, reflecting its commitment to ethical financial practices.

Collaboration

Collaboration at AMG focuses on teamwork and partnership across all levels of the organization. This core value enhances innovation and efficiency, enabling the company to deliver superior investment solutions to its clients.

AMG exemplifies collaboration through its partnerships with various Affiliates. As of September 30, 2024, AMG had 22 Affiliates accounted for under the equity method, allowing for shared resources and expertise. This collaborative approach contributed to equity method revenue of $640.7 million for the three months ended September 30, 2024.

Excellence

Excellence is a core value that drives AMG to achieve the highest standards in investment performance and client service. The pursuit of excellence not only reflects AMG's dedication to its clients but also its commitment to continuous improvement.

AMG's emphasis on excellence is evident in its investment strategies. For instance, as of September 30, 2024, 72% of liquid alternatives assets under management were ahead of their relevant benchmarks over three years. This performance underscores AMG's commitment to delivering exceptional results for its clients.

Innovation

Innovation is central to AMG's strategy, enabling it to adapt to changing market conditions and client needs. This core value encourages creative thinking and the development of new investment solutions.

AMG has invested in innovative strategies, particularly in the alternatives space. As of September 30, 2024, AMG reported $375.1 million in cash inflows and commitments in alternatives, showcasing its focus on innovative investment approaches.

Accountability

Accountability at AMG means taking responsibility for actions and outcomes, ensuring that the company meets its commitments to stakeholders. This value is vital for maintaining trust and credibility.

AMG's accountability is reflected in its financial performance metrics. For the nine months ended September 30, 2024, the company reported economic net income of $495.8 million, demonstrating its ability to meet financial commitments effectively.

Updated on 16 Nov 2024

Resources:

1. Affiliated Managers Group, Inc. (AMG) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Affiliated Managers Group, Inc. (AMG)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View Affiliated Managers Group, Inc. (AMG)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.