MMI and Barron’s announced the winners of the 2021 MMI/Barron’s Industry Awards at a special virtual Awards Ceremony on November 11th. Now in their thirteenth year, the Industry Awards recognize innovation and achievement in the investment advisory solutions industry over the past year.
Client and advisor expectations with respect to technology have been heightened during the pandemic – making the digital tools and resources that a firm provides critical to the satisfaction and engagement of both clients and advisors. Approximately two-thirds of clients are open to conducting more wealth management activities using a combination of online and offline channels with their advisor, reserving in-person meetings for more complex discussions.
MMI and Cerulli Associates announce the release of the Q2 2021 edition of Advisory Solutions Quarterly, which provides statistics on the managed accounts industry as of June 30, 2021. Managed account industry assets closed the second quarter at $9.9 trillion, and net flows grew for the fifth consecutive quarter to $256 billion. UMA and RPM programs remained the two most popular by net flows ($84.0 billion and $80.3 billion respectively), and attracted 64% of total managed account industry flows in the second quarter.
MMI is pleased to announce the Third Quarter 2021 edition of the MMI Journal of Investment Advisory Solutions, a compendium of research reports and articles on some of the hottest topics in the advisory solutions space. Developed to provide MMI members with informed perspective from industry thought leaders, this edition addresses these major topics.
Financial planning conversations have moved online – with an increasing proportion of digital behaviors likely to stick. Both clients and advisors now place greater emphasis on the digital experience because it offers a degree of accessibility typically not permitted by offline interactions.
2021 MMI/Barron's Industry Awards – Finalists Announced
The Money Management Institute (MMI) and Aon have released new research from the second tranche of their Advisory Solutions: Expectations and Experiences series. In findings from the second report in this year’s four-part series, client satisfaction was strongly linked to a firm’s digital capabilities during the challenging COVID-19 pandemic environment.
MM recently partnered with AchieveNEXT -- the leading provider of Peer Advisory Networks and Talent Performance Solutions for mid-market leaders, their teams, and enterprises -- to release the Wealth & Asset Management Industry Diversity, Equity and Inclusion Outlook Briefing. Using the data captured from over 60 executives in the industry, the report reveals a large gap between leaders' perception of their own progress on issues of diversity, equity, and inclusion and actual level of performance in the industry.
Despite the challenging pandemic environment, overall investor satisfaction with their financial advisors has remained steady. Of investors surveyed during January and February of this year, 68% gave their financial advisor or team a 9 or 10 (on a 10-point scale) compared to 69% last year.
MMI is thrilled to welcome 72 outstanding individuals into the 2021 Leadership Pathway class.