Summary: 2015 Edition of Distribution of Alternative Investments through Wirehouses

With growth of 19% in 2014, alternative investments – both liquid and traditional – continue to be one of the fastest growing asset classes, and the report analyzes the factors driving wirehouse advisors and their clients to embrace them. It is the only industry study that provides a comprehensive overview of this market segment, one that includes analysis of both traditional and liquid alternative investments. Among its key findings: 

Remembering a True Pioneer – H. John Ellis, Jr.

John Ellis, widely recognized as one of the pioneers of the managed accounts industry, passed away on April 24th at age 88. The team of Mr. Ellis, Jim Lockwood, Dick Schilffarth, and Tom Gorman, together conceived a fee-based consulting service for institutional clients in the early 1970s at Dean Witter. In 1973, they moved to EF Hutton which, with the encouragement and backing of Peter Muratore, embraced the idea of creating a fee-based consulting organization to serve both institutions and retail investors.

Craig Pfeiffer to be New MMI President and CEO on May 1st

During its meeting today at the MMI Annual Convention, the MMI Board of Governors approved the recommendation of the Board’s search and selection committee that Craig D. Pfeiffer, Founder and currently Chief Executive Officer of Advisors Ahead, LLC, be appointed to succeed Christopher L. Davis as MMI President. Mr. Pfeiffer will assume his new position as President and CEO of MMI on May 1, 2015.

MMI Submits Comments to FSOC on Notice Seeking Comment on Asset Management Products and Activities

The Dodd-Frank legislation enacted in response to the financial crisis of 2008–2009 created the Financial Stability Oversight Council (“FSOC”) composed of representatives from the Federal Reserve, the Department of the Treasury, Consumer Financial Protection Bureau, and other federal financial regulators.

Special Message from Christopher Davis

From our formative years to today, MMI has taken important steps to improve our member services, attract more members to our conferences and enhance our research and reports.  All of these efforts have paid off and as we close 2014, your MMI is in the strongest shape ever even while we look forward to continued improvements and new services for our members in 2015.