2015 Sales & Marketing Leadership Summit (Invite Only)

February 18-19, 2015 | Fort Lauderdale, FL
Marriott Harbor Beach

Jeff Cusack, President and Executive Managing Director, Tradewinds Global Investors
John Sweeney, Executive Vice President, Retirement and Investing Strategies, Fidelity Investments

Special MMI Summit Partner: 


Additional Information


2015 Sales & Marketing Leadership Summit
February 18-19, 2015
Harbor Beach Marriott
Fort Lauderdale, Florida
Download Agenda (PDF) 

Wednesday, February 18, 2015

11:30AM – 1:00PM     Registration and Executive Networking Luncheon

1:00PM – 1:15PM     Welcome and Opening Remarks

Joe Schultz, Chairman of the Board of Governors, Money Management Institute
Christopher Davis, President, Money Management Institute

Summit Co-Chairs:
Jeff Cusack, President and Executive Managing Director, Tradewinds Global Investors
John Sweeney, Executive Vice President, Retirement and Investing Strategies, Fidelity Investments

1:15PM – 2:15PM     Trends in the Wealth and Asset Management Industry

While global assets under management have reached a record high, net flows remain depressed and costs have continued to escalate faster than revenues. Drawing on insights from the 2014 McKinsey Asset Management Benchmarking Survey, Fabrice Morin and Kevin Cho – leaders in McKinsey's North American Wealth Management, Asset Management and Retirement Practice – will present their observations about key trends in the asset management industry and the choices asset managers have to make in today’s shifting environment.

They will also provide an overview of the changing dynamics of the U.S. retail distribution landscape and highlight important considerations related to financial advisor mindsets and behaviors, affluent consumer needs, Big Data and analytics in retail distribution, and alternative investments.  

Fabrice Morin, Partner, McKinsey & Company
Kevin Cho, Associate Principal, McKinsey & Company

2:15PM – 3:30PM     Building Better Client Outcomes: Theory and Practice

This two-part session focuses on the industry’s accelerating trend toward goals-based wealth management (GBWM).

First, Chuck Widger presents an overview of GBWM and the forces driving its adoption. He will explain why – to achieve better outcomes for clients – it is necessary to reframe traditional advisor-investor conversations and will document progress in that direction. Mr. Widger will then describe and categorize some of the emerging approaches to GBWM being developed by various sponsor platforms and third-party providers as well as the multi-asset class strategies being offered by different managers. He will also discuss how behavioral finance theory is increasingly being embedded in goals-based investment management and the critical role that technology plays in integrating the overall process – two topics explored in Personal Benchmark: Integrating Behavioral Finance and Investment Management, the recent book Mr. Widger authored with Dr. Daniel Crosby.

Next, a panel of senior executives takes a closer look at the specifics of goals-based approaches being pursued by different firms. Each of the panelists will offer an assessment of the strengths of his or her firm’s particular approach, lessons learned during the development process, and feedback from advisors and investors.

Chuck Widger, Executive Chairman, Brinker Capital

Martin Beaulieu, Managing Director,  Global Head of Client and Sales Excellence, BlackRock
Stephen Fordyce, Partner and Managing Director, Snowden Lane Partners
Michael Liersch, Ph.D., Head of Behavioral Finance and Goals-Based Development, Merrill Lynch Wealth Management

3:30PM – 4:00PM     Refreshment and Networking Break

4:00PM – 4:30PM     Leveraging Data to Inform and Enhance the Sales Process

Confronted with steadily increasing competition, asset managers continue to explore ways to leverage business intelligence in support of their sales efforts. Understanding advisor behavior and product trends are critical factors in determining how to deploy resources in a way that will maximize the chances of distribution success. This panel will discuss the types of data available to asset managers and how it is being put to practical use. Topics discussed will include:

  • —  Identifying opportunities and achieving market share parity
  • —  Optimizing the deployment of sales resources
  • —  Analyzing product and platform evolution trends
  • —  Effectively delivering business intelligence to the sales force

Moderator: Rick Ledbury, Vice President, Research and Data Services, Money Management Institute

Michael Murphy, Vice President, T. Rowe Price
Steve Truong, Director of Sales, Albridge Analytics, a division of Albridge, a BNY Mellon company

4:30PM – 5:45PM     Breakout Sessions - Choose one of two

The Future of Marketing: From Tactical Sales Support to Strategic Business Partner
The role of marketing at asset management firms is in a transformative period, driven by both technological and environmental changes. The struggle by investment firms to differentiate themselves in the marketplace has never been more apparent or more challenging. Intense competitive forces, rising distribution costs, and changing market dynamics as advisors become increasingly sophisticated all call for a complete reassessment of the traditional approach to selling. Firms making a strategic assessment that leads to an elevation of marketing to its proper role in the distribution matrix are being rewarded with improved productivity and retention. Among the topics this panel led by Neil Bathon will cover are:

  • an overview of existing organizational marketing structures,
  • how the role of marketing is evolving and what is driving new marketing initiatives in the industry,
  • the strategic imperative to shift from pure sales support to what, in effect, becomes a partnership with clients,
  • how top-ranking marketing leaders are optimizing the influence and effectiveness of their marketing teams, and
  • the effective leveraging of marketing tools at a manager’s disposal – web, social media, CRM, data analytics, brand collateral and value-added programs.

Moderator: Neil Bathon, Managing Partner, FUSE Research Network

Fred Bertino, President, MMB
Kevin Hoffberg, Managing Director, Marketing for Private Client Service, Russell Investments
Neil Siegel, Chief Marketing Officer, Neuberger Berman


Is the HiPPO Dead? How Big Data Analytics Can Influence Advisors and Generate Sales

There is a debate swirling around the internet, marketing departments and now boardrooms – should decisions be made on the traditional basis of HiPPO or according to the “new” science of Big Data? The HiPPO/Big Data dichotomy was set up by Andrew McAfee, Principal Research Scientist at MIT, in an article entitled “The Big Data Revolution” that appeared in Harvard Business Review in October 2012. In that article, he coined the term HiPPO – the highest-paid person’s opinion – arguing that decisions are too typically made by having a group meet to discuss an issue, and then allowing the HiPPO to make the decision based on intuition and gut feeling. Big Data, he contended, can provide far better answers.

This two-part session explains the effects and benefits of using Big Data analytics rather than HiPPO and explores the direct impact it can have on the sales and marketing business models of asset managers.

Sheri Gilchrist kicks off the session by presenting an overview of Big Data analytics and the forces driving its adoption in order to influence HiPPO thinking. She will explain why – to achieve better outcomes for clients – it is necessary to reframe conventional expert opinions and will document the growing use of data-driven analytics to validate or dispel commonly held beliefs. Ms. Gilchrist will also outline some of the emerging approaches to Big Data analytics that are being developed by major asset management firms.

A panel of experts will then delve into particulars of the data-driven sales and marketing programs being pursued by different asset managers. Topics include:

  • how Big Data can disprove some conventional perceptions about financial advisors,
  • why Big Data analytics can influence HiPPO decisions and improve the relationship between sales and marketing, and
  • why CRM is at the center of Big Data discussions and where and why investments in predictive analytics fall short.

Sheri Gilchrist, Managing Director, Global Head of Database Marketing, BNY Mellon

Cynthia Beckwith, Vice President, Global Marketing Strategy Architecture, Marketo
Alan Lee, Director and Head of US Wealth Advisory Sales Strategy, BlackRock
Thomas P. O’Donnell, Vice President, eBusiness – Digital Marketing, Virtus Investment Partners
Bill Sheldon, EVP, Chief Solutions Officer, Angoss Software

6:00PM    Reception

Thursday, February 19, 2015

7:00AM – 8:00AM    Networking Breakfast

8:00AM – 8:15AM    Co-Chair Review of Day One

8:15AM – 9:15AM    Advisor Market Update: Trends in the Advisory Solutions Industry

Mr. Shea’s presentation is built around a compendium of Barron's observations about key trends in the wealth advisory industry and the ramifications of those shifts for the U.S. asset management community. The primary focus will be on the attributes Barron’s consistently notes among advisors with the highest rates of organic annual asset growth across all wealth management channels. Mr. Shea will also cover how the fastest-growing advisors are evolving their value propositions, reallocating the time and attention spent on various aspects of their practices, and reworking their approaches to the investment function. The presentation closes with a series of verbatim quotes from Barron's-ranked advisors on what they want from their relationships with asset managers and how those managers can best add value beyond the investment product sale.

Sterling Shea, Managing Director and Head of Advisory and Wealth Management Programs, Barron’s

9:15AM – 9:30AM    Refreshment and Networking Break

9:30AM – 10:30AM    The Millionaire Wholesaler Survey: Keys to Success – From the Most Successful

Mr. Shore, founder of Wholesaler Masterminds – a company devoted to the education, social exchange of ideas and best practices of wholesalers that serve the financial services community – will share the results of his firm’s recent study of experienced, highly successful wholesalers. Conducted during the summer of 2014, the survey focused on concepts that touch upon such key aspects of wholesaling as territory process, success strategies, work habits, infrastructure of support systems, personal wealth management and industry-specific challenges.

Mr. Shore – himself a 25-year wholesaling distribution veteran and author of The Brotherhood of the Bag, A Wholesaler’s Handbook – will provide a deeper understanding of the challenges faced by those in the field, share common success traits that are transferrable to any distribution role, explore new systems of support, and what sales leaders can do to help wholesalers move to the next level.

Rob Shore, Founder, Wholesaler Masterminds®

10:30AM – 11:30AM     The Changing Economics of the Advisory Solutions Industry: Structure and Compensation Models Reexamined

Although net flows of new assets to managers recorded their strongest post-crisis gains in 2013, the profitability of the asset management industry, which has historically generated robust operating margins, is being challenged today.

This session will address the range of issues confronting asset managers as the competition from passive products and nontraditional asset classes increasingly erodes their traditional principal business of actively managing core assets. The business challenge comes down to managing multiple issues simultaneously – among them: escalating distribution costs, longer adoption cycles for complex new solutions, the growing demand for investor and advisor education with respect to those new investment products, far reaching regulatory change, a free agency for intellectual talent, evolving incentive compensation structures, declining asset persistency, and the need to provide lower cost solutions to advisors and their increasingly cost-conscious clients. Taking these factors into account, the panel will explore effective manager business models, ones capable of delivering profitable solutions focused on solving client problems in this increasingly complex marketplace. 

Moderator: Darlene DeRemer, Managing Partner, Grail Partners

David Thorp, Managing Director, Head of Broker Dealer Sales, JP Morgan Asset Management
Andy Provencher, Head of US Retail, BNY Mellon Investment Management

11:30AM    Closing Remarks and Adjournment

Featured Speakers

Chuck Widger
Executive Chairman,
Brinker Capital
Building Better Client Outcomes: Theory and Practice


Fabrice Morin
McKinsey & Company
Key Trends in Wealth and Asset Management and the
Changing Dynamics of U.S. Retail Distribution


Wholesaler Masterminds®
The Millionaire Wholesaler Survey:
Keys to Success – from the Most Successful

The MMI Sales & Marketing Leadership Summit – historically a sold-out event – annually convenes the advisory solutions industry’s most senior marketing and sales executives for an exclusive, closed-door session devoted to strategies to build stronger relationships and grow assets.

The MMI Sales & Marketing Leadership Summit – historically a sold-out event – annually convenes the advisory solutions industry’s most senior marketing and sales executives for an exclusive, closed-door session devoted to strategies to build stronger relationships and grow assets.

2015 will be no exception. Join us February 18–19 as we examine how the industry’s renewed focus on helping investors meet goals-based objectives is driving what many describe as a sea change in the delivery of financial advice. “Focusing on the goal” has profound implications that ripple through the myriad relationships in the value chain of advice delivery, affecting how sponsor firms, platform providers, asset managers and financial advisors interact with each other and – most importantly – how we collectively engage and serve clients. The 2015 Summit will examine how this trend impacts your marketing and sales efforts with timely topics, expert speakers and unparalleled networking opportunities.

The agenda for this year’s Summit was built with Chief Marketing Officers and National Sales Directors in mind and focuses on the importance of connecting marketing analytics and tactics to sales strategies and distribution management. Other scheduled highlights include:

  • Advisor Market Update: Trends in the Advisory Solutions Industry – Sterling Shea, Barron’s
  • Leveraging Data to Inform and Enhance the Sales Process – Rick Ledbury, MMI
  • The Future of Marketing: From Tactical Sales Support to Strategic Business Partner – Neil Bathon, FUSE Research Network
  • Is the HiPPO Dead? How Big Data Analytics Can Influence Advisors and Generate Sales – Sheri Gilchrist, BNY Mellon
  • The Changing Economics of the Advisory Solutions Industry: Structure and Compensation Models Reexamined – Darlene DeRemer, Grail Partners

Attendance is by invitation and limited to two representatives from each MMI member firm. No Press will be in attendance.

Whatever type or size of firm you represent, the Summit is a unique opportunity to engage with other senior sales and marketing leaders and explore more effective distribution strategies and tactics.