As part of our continued efforts to advocate on behalf of the advisory solutions industry, MMI’s Legal & Compliance committee has worked in conjunction with our retained counsel to submit three recent comment letters to industry regulators.
In this opinion piece, which appears in the April 10, 2017 edition of InvestmentNews, MMI President and CEO Craig Pfeiffer argues that the industry needs to rethink entry-level preparation and early-career experiences with associate/resident-type programs to attract millennials to pursue a career in financial services.
MMI Introduces Streamlined Version of MMI Central – Q4 2016 Data Now Available
MMI is pleased to introduce a streamlined version of MMI Central, our flagship quarterly data summary. The refreshed version of MMI Central presents a quick, easily digested overview of the Investment Advisory Solutions space in an executive summary format.
2017 marks a significant milestone for MMI – our 20th anniversary.
Since 1997, our organization has had a singular focus – to bring together the leaders of asset management firms, sponsor firms, and solutions providers to Connect, Know and Grow and advance the evolution and professionalism of investment advisory solutions.
As MMI marks its 20th anniversary, what better time to sit down with Len Reinhart? Len, currently the Executive Chairman of Wealthcare Capital Management, is widely recognized as one of the true innovators in the managed account space. He is a past MMI Advisory Solutions Pioneer Award recipient and former Chairman of the MMI Board of Governors.
Over the past ten years, MMI's Gateway to Leadership (GTL) program has awarded over 170 internships to minority students through a national search of qualified candidates. Leading firms in the industry - members of MMI - hosted the students at their firms for the summer, providing them with impactful work experience and an understanding of the investment advisory solutions industry.
This year MMI has restructured the GTL program based on member feedback to benefit more students and more firms.
Quarterly Net Inflows Set Mark of $85.5 Billion
The latest edition of MMI Central reports a 4.9% increase in IAS assets to an all-time high of $4.59 trillion during the third quarter of 2016 compared to a 3.9% rise in the S&P 500. This edition of Central also includes a report prepared by MMI’s partner Dover Financial Research about the likely impact of the Department of Labor (DOL) Fiduciary Rule on Separately Managed Accounts (SMAs).