TORONTO, Nov. 14, 2016 /CNW/ - Morneau Shepell Asset & Risk Management Ltd. announced today that it has surpassed $5 billion in assets under management (AUM), just four years after its incorporation in 2012. At that time it was named one of the fastest growing money management firms by Benefits Canada with $378 million in AUM in its first year of operation. This growth rate demonstrates increasing market demand for Morneau Shepell Asset & Risk Management's diversified approach to wealth management. Since its inception in 2012, Morneau Shepell Asset & Risk Management has expanded that diversified approach to wealth management through the introduction of its Opportunistic Fund LP, to its focus on Endowments and Foundations, institutional and retail assets, high net worth individuals and an Outsourced Chief Investment Officer (OCIO) product. To help manage the rapid growth and the new OCIO offering, Morneau Shepell Asset & Risk Management brought on Zev Frishman in 2016 as Chief Investment Officer. Frishman brings a wealth of experience, expertise and guidance in all aspects of fund management. "Morneau Shepell Asset & Risk Management has seen significant growth and above benchmark returns since it was founded in 2012," said Rob Boston, Managing Director of Morneau Shepell Asset & Risk Management. "We have achieved this through our diversified offerings and we continue to broaden our product line and add significant wins. We look forward to offering our expertise to future potential clients," added Boston.