Mairs & Power at 90

A Rich History, A Bright Future

During the last 90 years, many Minnesota firms in the unforgiving financial services industry have split up, spun out, or shut down. We are an exception. Today, we are the oldest continuously independent investment management firm in the state and one of the few such entities in the country to survive since the onset of the Great Depression.

Author Dave Beal, a former business editor and columnist at the St. Paul Pioneer Press, unpacked the improbable and vibrant ascent of the firm in the book, Mairs & Power at 90: A Rich History, A Bright Future.


A Story of a Region and An Industry

In addition to the firm’s story, Beal weaves in the historical context of the city of St. Paul, the state of Minnesota, and the larger financial services sector throughout the last 90 years. While the book is our firm's story, it is also the story of a region and an industry.

Mairs & Power at 90 begins with a vivid description of the ancestral roots of the Mairs and Power families and the regional significance of the firm’s location in St. Paul. For its first 75 years, the firm was led by one or more of “the Three Georges” — George Mairs Jr., who fastidiously mapped out his plans to establish the firm in the depths of the Depression, when he was just 29 years old, his son, George III, famed for his stock picking prowess, and George Power Jr., known for his deep and trusted relationships with clients.

The book showcases how the firm has endured and prospered by remaining laser-focused on long-term investments, Minnesota-based companies, and the Upper Midwest region.

Click image to view book excerpt

Where to Buy the Book

This hardcover book, illustrated with more than 150 photos and graphics and fully indexed, can be ordered by contacting the Ramsey County Historical Society at:

75 West 5th Street, #323

Saint Paul, MN 55102


Member Pricing: $40, tax included, and free shipping in Minnesota.

Non-Member Pricing: $45 plus $5 shipping & handling, tax included.

 Or you can buy the book online at:

Mairs & Power History

Just 15 months after the stock market crash of 1929, George A. Mairs, Jr., a 28-year old native of St. Paul, founded our firm in 1931.

Today, we are Minnesota’s oldest investment firm under continuous ownership and management. We remain independent and are 100% employee owned. Scroll through our Timeline to view some of the milestones that have shaped the firm over its history. 

Mairs & Power Today

as of 12/31/2022

Over $10.5 Billion AUM

In individually managed accounts, three mutual funds and an ETF

13 CFA Charterholders

Investment professionals with average experience of 24+ years

100% Employee Owned

SEC-registered with 45 employees

Long Term, Regional Emphasis, Multi Cap

Disciplined, client centric, trustworthy

Would You Like to Learn More?

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