Mairs & Power is pleased to announce that Michael C. (Mike) Marzolf has joined the firm as Vice President, Investment Manager, and co-manager of the Mairs & Power Small Cap Fund (MSCFX).

Mike holds a Bachelor of Science Degree in Accounting from the University of St. Thomas in St. Paul Minnesota. He has 35 years of experience in financial services. Prior to joining Mairs & Power, Mike was vice president of research and investment management with Sit Investment Associates where he provided fundamental research on companies in the technology and financial services sectors. Mike also was a portfolio manager at Ameriprise/Columbia Asset Management where he had the opportunity to work on a variety of products, including small, mid, and large cap stocks in the technology, consumer, financial services, and industrials sectors.

Mike’s addition further strengthens Mairs & Power’s small-cap team’s bench, which is currently comprised of Andy Adams, CIO, and lead manager; Al Steinkopf co-manager; and Chris Strom, co-manager. “We are excited to welcome Mike to the team, said Adams. Mike is a seasoned investment professional who brings so much to the table in terms of research, investment and portfolio management.”  


About Mairs & Power & Mairs & Power Small Cap Fund (MSCFX)

Mairs & Power is celebrating their 90th year as an independent, employee-owned investment advisory firm committed to pursuing long-term growth of our client’s portfolios. The firm’s mutual funds, individually managed accounts and newly established ETF are built on the strength and success of carefully selected, high quality stocks and bonds. One of the cornerstones of the firm’s equity approach is its regional strategy focusing on stocks of companies headquartered in the Upper Midwest. As of September 30, 2021, Mairs & Power’s assets under management totaled over $11.5 Billion.

The Mairs & Power Small Cap Fund is celebrating its 10th anniversary as a no-load mutual fund. The Fund seeks above-average, long-term appreciation. It’s focused on small-cap companies headquartered in Minnesota and the Upper Midwest with strong competitive positions. As of September 30, 2021, the Small Cap Fund’s assets under management were $413 million.


MSCFX (the Fund) is designed for long-term investors. Equity investments are subject to market fluctuations and the Fund’s share price can fall because of weakness in the broad market, a particular industry or specific holdings. Investments in small and mid-cap companies generally are more volatile. International investing risks include among others political, social or economic instability, difficulty in predicting international trade patterns, taxation, and foreign trading practices and greater fluctuations in price than U.S. corporations. The Fund may invest in initial public offerings by small cap companies, which can involve greater risks than investments in companies which are already publicly traded.

Although MSCFX is a no load mutual fund, please note management fees and other expenses will apply. Please refer to the prospectus for further details.