1997 Money Management Institute is formed by Muffet Arroll, Frank Campanale, Angie Clark, Chris Davis (first President), Sydney LeBlanc, Janet Mariconti, Peter Muratore (first Chair), Len Reinhart, Judy Rice, Larry Sinsimer, Alan Sislen, Bill Turchyn, and Jamie Waller with 18 member firms and an initial focus on SMAs.
1998 MMI grants the first Pioneer Award, to recognize an individual or individuals who embody MMI’s mission to serve as an advocate and catalyst for the growth of the managed investment solutions and wealth management industry.
1999 Dow hits 10,000 for first time.
Early 2000s Sleeve-level accounting and Overlay Portfolio Management systems emerge, fueling further development and growth of Multi-Discipline Portfolios (MDPs). Unified Managed Accounts (UMAs) emerge.