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Press Releases

Money Management Institute Announces New Officers, Executive Committee Members, and Governors

May 2, 2022

NEW YORK, NY, May 2, 2022 – The Money Management Institute (MMI) today announced the election of its new Officers and Executive Committee Members for 2022‐2023, as well as six additions to its Board of Governors. All changes were effective May 1st.

The MMI Board has elected Noreen Beaman, Vice Chair Board of Directors at Orion Advisor Solutions, as Secretary and Future Chair (2025). She joins Keith Glenfield, Managing Director, Head of Investment Products at Bank of America, who became Chair in 2022, Chair-Elect Eric Koestner, Principal, Investment Advisory at Edward Jones, and Treasurer Anne Steer, Head of Distribution at Congress Asset Management. Troy Thornton, Managing Director, Head of U.S. Retail Distribution at Goldman Sachs Asset Management completes his term as Chair and will now serve as Chair Emeritus.

“It is a distinct honor to have been selected to lead the MMI Board of Governors,” said Keith Glenfield. “MMI member organizations are committed to the highest standards and helping all investors achieve the most successful outcomes. The investment advisory industry continues to evolve and innovate to best support the changing needs and preferences of clients. MMI has a foundational role in bringing member firms together to discuss and advance critical industry issues on behalf of investors and the advisors who serve them. One important example is MMI’s leadership role in diversity, equity and inclusion initiatives that affect our industry as well as the communities we serve. I look forward to collaborating with my fellow officers, Executive Committee members, the MMI Board, and all our members in these efforts over the coming year.”

There are three newly named members of the MMI Executive Committee for 2022-2023:

  • Jill Brown, Managing Director of US Wealth, Principal Funds Distributor
  • Brendan Clark, CEO, Clark Capital Management Group
  • Brett Wright, Senior Managing Director, Head of Client Solutions Group Americas’, Macquarie Asset Management

They join continuing Executive Committee members Robbie Cannon, Founder of Horizon Investments, Matt Huss, Senior Vice President, General Manager - Advisory Solutions at Ameriprise Financial Services, Tom Morelli, U.S. Intermediaries, Head of Wealth Management Distribution at T. Rowe Price, and MMI Officers Troy Thornton, Keith Glenfield, Eric Koestner, Anne Steer, Noreen Beaman, and MMI President and CEO Craig Pfeiffer.

We thank Jim Devaney, U.S. Distribution Head at PGIM Investments, and Jeff Dowdle, Chief Operating Officer at Raymond James Financial, for their contributions and service on the Executive Committee.

Six firms have been elected to the MMI Board as part of a Board rotation policy that gives more member firms the opportunity to participate in MMI leadership. The new firms being added to the Board and their representatives are:

  • Archer: Matt Caulfield, Chief Revenue Officer
  • iCapital Network: Steve Houston, Head of Investment Products & Research
  • Goldman Sachs Asset Management: Troy Thornton, Managing Director, Head of U.S. Retail Distribution 
  • Neuberger Berman: Scott Kilgallen, Managing Director, Head of North American Intermediary
  • Ramirez Asset Management: James Haddon, Managing Director, Head of Strategic Marketing
  • Schroders Investment Management: Joel Schiffman, Head of Intermediary Distribution, North America

Additional MMI Board changes announced today:

  • Jeff Kletti, SVP Private Wealth Management at Wells Fargo replaces Patty Loepker Head of Managed Solutions & Investment Implementation at Wells Fargo
  • Matt Goulet, Head of Asset Manager Services & Business Development at Fidelity Institutional, replaces Ram Subramaniam, President at Fidelity Brokerage Services
  • Rob Pettman, EVP, Wealth Management Solutions at LPL Financial replaces Burt Wright, Director, Chief Investment Officer, Investor & Investment Solutions at LPL Financial

Our sincere appreciation goes to the following firms and their Governors transitioning off the Board as part of the rotation policy:

  • Marilee Ferone, Executive Vice President, Head of Strategic Partnerships at Advisors Asset Management
  • Pat Feigley, Managing Director, Head of U.S. Sales at PIMCO
  • Jean Heath, Managing Director, Head of Asset Manager Network at Envestnet
  • Tom Malone, Partner at Lord Abbett
  • John Moninger, Head of Intermediary Sales at Eaton Vance
  • Jake Tuzza, Senior Managing Director, Head of Distribution at Voya Investment Management

“MMI is fortunate to have such a distinguished and experienced group of industry leaders to guide our strategic agenda in a time when effective leadership is of critical importance,” said Craig Pfeiffer. “As we welcome our new Officers, Executive Committee members, and Governors, I also want to recognize their predecessors for their service and commitment to MMI’s mission. All remain trusted colleagues and friends of MMI, and we thank them for their contributions to our growth and success. At our annual Board Retreat in May, we will celebrate the appointments, welcome the new Governors, thank all of those with leadership roles and share our appreciation with the individuals transitioning off the Board.”


About the Money Management Institute (MMI)

Established in 1997, the Money Management Institute (MMI) is the industry association representing financial services firms that provide financial advice and investment advisory solutions to investors. Driven by our promise of increasing connections, knowledge, and growth for our members, MMI is dedicated to fostering professional relationships, sharing experiences, and expanding the industry’s influence through advocacy and education.

MMI offers premier professional development programs, specialized curriculums, and facilitates peer-to-peer connections through our communities and conferences. As part of MMI’s longstanding commitment to diversity and inclusion, the Gateway Foundation provides clear pathways to entry and career advancement in the financial services industry for historically excluded and underrepresented groups. MMI member firms include wealth manager, asset manager and solutions provider firms of all sizes and professionals representing all functional areas. Follow MMI on LinkedIn.

Contact:

Kelly Caporale, Money Management Institute, 646-868-8514, kcaporale@mminst.org