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MFWire: Mairs and Power Funds
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Mairs & Power Inc.
W1520 First National Bank Building
332 Minnesota Street
St. Paul, MN  55101
Google Maps

Main Phone: 651-294-8309
Web Site: http://www.mairsandpower.com

Mutual Fund Brand(s)
Mairs and Power Funds

Research Links
  • SEC Fund Filings by CIK

  • Background:
    Mairs and Powers is an independently-owned investment advisory firm based in St. Paul, Minnesota. William Frels is the chairman and CEO while Jon Theobald overseas day-to-day operations as president, COO and CCO.


    A dearth of competitors in the Twin Cities led then 28-year-old George A. Mairs, Jr. to found the company in 1931. Mairs' initial focus was on railroad-related securities. George C. Power, Jr. joined the firm in 1944.

    The firm launched its two mutual funds in 1958 (M&P Growth) and 1961 (M&P Balanced) as a way to allow provide services to small investors who did not meet the firm's minimums for individual accounts. During the 1950s the firm had focused on the retirement funds and institutional clients.

    Both were established as no-load funds, bearing neither sales nor redemption charges. At that time there were fewer than 100 such funds in the nation.

    George A. Mairs, Jr. retired from active management in 1975 and remained a shareholder until his death in 1983. His son, George A. Mairs III took control of the firm until his retirement in 2009 (he died in 2010).

    William B. Frels joined the firm in 1992 as the portfolio manager for the Balanced Fund. He took over as co-PM for M&P Growth Fund in 1999 and took over as lead manager in 2004. Frels became chairman CEO in 2007.

    Jon A. Theobald became president and chief operating officer in 2007 and currently holds day-to-day responsibility for running the firm. He joined the firm in 2002 and became chief compliance officer, a title he still holds, in 2003.
    Sponsored Opportunities

    Key People:
    Mark Henneman
    Incoming CEO, chairman, Mairs & Power
    Jon Theobald
    Chairman Emeritus, Trustee, Mairs & Power
    Robert Mairs
    Incoming President, Mairs and Power
    Andrew Adams
    Incoming CIO, Mairs and Power, Inc.
    Scott Howard
    Vice President, Mutual Funds, Mairs and Power, Inc.
    Andrea Stimmel
    Director of Operations, Mairs and Power, Inc.
    Ronald Kaliebe
    Vice President, Co-PM, Mairs and Power, Inc.
    Story Archive for Mairs & Power Inc.
    Published On Story Headline Publication
    4/28/2022 A 91-Year-Old Firm's COO Passes the Reins MFWire.com
    9/11/2020 A Midwestern Fund Firm's Website Wins MFWire.com
    9/20/2018 Fund Flows Fall 30 Percent, Proportionately MFWire.com
    10/12/2017 Follow the Fundsters - October 12, 2017 MFWire.com
    8/1/2017 Follow the Fundsters - August 1, 2017 MFWire.com
    7/28/2017 Three Rise As a $10B Fund Firm's Chief Transfers Power MFWire.com
    8/30/2016 Filings for Fundsters - August 30, 2016 MFWire.com
    8/15/2016 Filings For Fundsters - August 15, 2016 MFWire.com
    6/8/2015 16 Fund Firms Meet This Fantastic M* Threshold MFWire.com
    3/26/2015 Will Hodge Wear Sunglasses For M*? MFWire.com
    1/13/2015 Frels Steps Back: Mairs and Power's Next Generation Rises MFWire.com
    8/6/2013 M* Analysts Take Silver from T. Rowe After a PM Change MFWire.com
    7/2/2013 Mairs and Power Picks Two PMs as a Third Prepares to Retire MFWire.com
    1/14/2013 Two M* Award Winners Get LA Times Love MFWire.com
    1/3/2013 M* Crowns PMs from Pimco and T. Rowe MFWire.com
    12/13/2012 Will Oakmark's Nygren Win Again? MFWire.com
    9/27/2012 Fido and Pimco Top M* Analyst Ratings MFWire.com
    8/27/2012 Star Trib Spotlights Mairs and Power's Strong Returns MFWire.com
    8/2/2012 Stork and Reaper for August 2, 2012 MFWire.com
    5/16/2012 Mairs & Powers Fund Does Well Despite Missing Apple MFWire.com
    8/15/2011 Mairs and Power Rolls Out its First Mutual Fund in 50 Years MFWire.com
    11/17/2010 PM Pair is Feeling Minnesota MFWire.com
    10/7/2010 S&P Names Mutual Fund Award Finalists MFWire.com
    1/9/2009 Forester Value Wins Again MFWire.com
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