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Reverted 1 edit by Generic-User-Person (talk): Still blatant COI/POV, even when logged in. Discuss on talk page.
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| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NYSE|MN}}}}
| traded_as = {{ubl|{{NYSE|MN}}}}
| key_people = Marc O. Mayer ([[CEO]])<br>Paul J. Battaglia ([[CFO]])<br>Christopher Briley([[CTO]])<br>Henrik Strabo ([[CIO]])<br>Nicole Kingsley Brunner([[CMO]])
| key_people = William Manning ([[Chairman]])<br>Marc O. Mayer ([[CEO]])<br>Paul J. Battaglia ([[CFO]])<br>Christopher Briley(CTO)
| industry = Investment Management
| industry =
| products =
| products =
| revenue = {{decrease}} [[US$]]136 Million (2019)<ref name="Bloomberg">[https://manningnapier.gcs-web.com/static-files/93eb98a7-c15b-4d72-8726-53050a148dbc - Manning-Napier.com<!-- Bot generated title -->]</ref>
| revenue = {{decrease}} [[US$]]136 Million (2019)<ref name="Bloomberg">[https://manningnapier.gcs-web.com/static-files/93eb98a7-c15b-4d72-8726-53050a148dbc - Manning-Napier.com<!-- Bot generated title -->]</ref>
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| net_income = {{decrease}} [[US$]]1.433 Million (2019)<ref name="Bloomberg">[https://manningnapier.gcs-web.com/static-files/93eb98a7-c15b-4d72-8726-53050a148dbc - Manning-Napier.com<!-- Bot generated title -->]</ref>
| net_income = {{decrease}} [[US$]]1.433 Million (2019)<ref name="Bloomberg">[https://manningnapier.gcs-web.com/static-files/93eb98a7-c15b-4d72-8726-53050a148dbc - Manning-Napier.com<!-- Bot generated title -->]</ref>
| assets =
| assets =
| aum = {{decrease}} [[US$]]19.48 Billion (2019)<ref name="Bloomberg">[https://manningnapier.gcs-web.com/static-files/93eb98a7-c15b-4d72-8726-53050a148dbc - Manning-Napier.com<!-- Bot generated title -->]</ref>
| aum = {{decrease}} [[US$]]19.48 Billion (2019)<ref name="Bloomberg">[https://manningnapier.gcs-web.com/static-files/93eb98a7-c15b-4d72-8726-53050a148dbc - Manning-Napier.com<!-- Bot generated title -->]</ref>
| equity =
| equity =
| num_employees = ~250
| num_employees = ~300
| subsid =
| subsid =
| foundation = {{start date and age|df=yes|1970}}
| foundation = {{start date and age|df=yes|1970}}
| founder = Bill Manning
Bill Napier
| location = Fairport, New York
| location = Fairport, New York
| website = {{URL|https://www.manning-napier.com}}
| website = {{URL|https://www.manning-napier.com}}
}}
}}
'''Manning & Napier''' is an
'''Manning & Napier''' is an
investment firm based in [[Fairport, New York]]. Founded in April of 1970, Manning and Napier has operated for over 50 years. With $22.2 billion in [[assets under management]] and approximately 250 employees as of June 2021. It is traded on [[NYSE]] as MN.
investment firm based in [[Fairport, New York]] with $20 billion in [[assets under management]]. It is traded on [[NYSE]] as MN. It has approximately 300 employees as of December 2019.<ref name="sec._EX-9"/>


The company was founded in 1970.<ref name="iirq120">{{Cite web |title=Manning & Napier, Inc. to Report First Quarter Results; Announces March 31, 2020 Assets Under Management {{!}} Manning & Napier Inc |author= |work=Manning & Napier Inc |date= |access-date=29 April 2020 |url= https://ir.manning-napier.com/news-releases/news-release-details/manning-napier-inc-report-first-quarter-results-announces-1}}</ref>
==Criticism==

In April 2020, the company received $6.7 million in federally backed small business loans as part of the [[Paycheck Protection Program]]. The company received scrutiny over this loan, which meant to protect smaller businesses and ensure they could continue to pay their employees during the [[COVID-19 pandemic]]. The ''[[New York Times]]'' noted PPP applicants were not required to prove they were under financial strain. Manning and Napier return the PPP funds shortly after.<ref name="nyti_Larg">{{Cite web |title=Large, Troubled Companies Got Bailout Money in Small-Business Loan Program |author= |work=nytimes.com |date= |access-date=28 April 2020 |url= https://www.nytimes.com/2020/04/26/business/coronavirus-small-business-loans-large-companies.html}}</ref><ref name="sec._EX-9">{{Cite web |title=EX-99.1 |author= |work=sec.gov |date= |access-date=29 April 2020 |url= https://www.sec.gov/Archives/edgar/data/1524223/000119312520118108/d885193dex991.htm}}</ref>
In April 2020, the company received $6.7 million in federally backed small business loans as part of the [[Paycheck Protection Program]]. The company received scrutiny over this loan, which meant to protect smaller businesses and ensure they could continue to pay their employees during the [[COVID-19 pandemic]]. The ''[[New York Times]]'' noted PP applicants were not required to prove they were under financial strain and CEO Marc O. Mayer's annual compensation was $5 million. Days after the PPP loan was announced, the company announced they would be paying a dividend to shareholders. On the following day, Manning & Napier stated they were returning the PPP funds.<ref name="nyti_Larg">{{Cite web |title=Large, Troubled Companies Got Bailout Money in Small-Business Loan Program |author= |work=nytimes.com |date= |access-date=28 April 2020 |url= https://www.nytimes.com/2020/04/26/business/coronavirus-small-business-loans-large-companies.html}}</ref><ref name="sec._EX-9">{{Cite web |title=EX-99.1 |author= |work=sec.gov |date= |access-date=29 April 2020 |url= https://www.sec.gov/Archives/edgar/data/1524223/000119312520118108/d885193dex991.htm}}</ref>


==References==
==References==

Revision as of 21:57, 12 August 2021

Manning & Napier, Inc.
Company typePublic
Founded1970; 54 years ago (1970)
HeadquartersFairport, New York
Key people
William Manning (Chairman)
Marc O. Mayer (CEO)
Paul J. Battaglia (CFO)
Christopher Briley(CTO)
RevenueDecrease US$136 Million (2019)[1]
Decrease US$2.708 Million (2019)[1]
Decrease US$1.433 Million (2019)[1]
AUMDecrease US$19.48 Billion (2019)[1]
Number of employees
~300
Websitewww.manning-napier.com

Manning & Napier is an investment firm based in Fairport, New York with $20 billion in assets under management. It is traded on NYSE as MN. It has approximately 300 employees as of December 2019.[2]

The company was founded in 1970.[3]

In April 2020, the company received $6.7 million in federally backed small business loans as part of the Paycheck Protection Program. The company received scrutiny over this loan, which meant to protect smaller businesses and ensure they could continue to pay their employees during the COVID-19 pandemic. The New York Times noted PP applicants were not required to prove they were under financial strain and CEO Marc O. Mayer's annual compensation was $5 million. Days after the PPP loan was announced, the company announced they would be paying a dividend to shareholders. On the following day, Manning & Napier stated they were returning the PPP funds.[4][2]

References

  1. ^ a b c d - Manning-Napier.com
  2. ^ a b "EX-99.1". sec.gov. Retrieved 29 April 2020.
  3. ^ "Manning & Napier, Inc. to Report First Quarter Results; Announces March 31, 2020 Assets Under Management | Manning & Napier Inc". Manning & Napier Inc. Retrieved 29 April 2020.
  4. ^ "Large, Troubled Companies Got Bailout Money in Small-Business Loan Program". nytimes.com. Retrieved 28 April 2020.
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