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

Tuesday, May 4, 2021

NEW YORK, NY, May 4, 2021 –  The Money Management Institute (MMI) today announced the election of its new Officers and Executive Committee Members for 2021‐2022, as well as five additions to its Board of Governors. All changes were effective May 1st.

The MMI Board has elected Anne Steer, Head of Distribution, Congress Asset Management, as Secretary and Future Chair (2024). She joins Troy Thornton, Managing Director, Head of U.S. Retail Distribution at Goldman Sachs, who became Chair in 2021, Chair-Elect Keith Glenfield, Managing Director, Head of Investment Products at Bank of America, and Treasurer Eric Koestner, Principal, Investment Advisory, Edward Jones. Marilee Ferone, Executive Vice President, Head of Strategic Partnerships, Advisors Asset Management, completes her term as Chair and will now serve as Past Chair.

“I am honored to have been chosen to lead the MMI Board of Governors,” said Troy Thornton. “The investment advisory industry is navigating unprecedented events as we continue to wrestle with the ongoing impact of COVID‐19, a wave of technological changes affecting both our personal lives and businesses, and the need to take a leadership role in diversity, equity and inclusion initiatives that impact our industry as well as the communities that we serve. As in the past, MMI is uniquely positioned to bring senior investment advisory executives together to address these critical industry issues on behalf of investors. I look forward to working with my fellow officers, Executive Committee members, the MMI Board, and the entire organization to drive these discussions over the next year.”

There are four newly named members of the MMI Executive Committee for 2021‐2022:

  • Noreen Beaman, President, Orion Advisor Solutions
  • Robbie Cannon, CEO, Horizon Investments  
  • Matt Huss, Vice President, General Manager, Advisory Solutions, Ameriprise Financial
  • Tom Morelli, U.S. Intermediaries, Head of Wealth Management Distribution, T. Rowe Price

They join continuing Executive Committee members Jim Devaney, U.S. Head of Distribution, PGIM Investments, Jeff Dowdle, Chief Operating Officer, Raymond James Financial, and MMI Officers Marilee Ferone, Troy Thornton, Keith Glenfield, Eric Koestner, Anne Steer, and MMI President and CEO Craig Pfeiffer.

We thank Cheryl Nash, CEO, Financial Supermarket, InvestCloud, and Jake Tuzza, Managing Director, Head of Intermediary Distribution, Voya Investment Management, for their contributions and service on the Executive Committee.

Five new firms have been added 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 Board firms and their representatives are:

  • Anchor Capital, Michael Serchen, Senior Vice President, Director of Managed Accounts
  • Franklin Templeton, Roger Paradiso, Global Head of Product Solutions
  • Natixis Investment Managers, Matt Coldren, Executive Vice President, Financial Institutions Group
  • Orion Advisor Solutions, Noreen Beaman, President
  • Principal Funds Distributor, Jill Brown, President

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

  • American Century, Joe Schultz, Chief Client Officer 
  • BlackRock, Martin Small, Senior Managing Director
  • BNY Mellon | Pershing, Tom Sholes, Managing Director, Head of Global Strategy and Product Management
  • Lazard Asset Management, Jennifer Abate, Managing Director 
  • Nuveen Investments, Jeff Carlin, Senior Managing Director, Head of US Retail

“In times like these, effective leadership is proving more critical than ever,” said Craig Pfeiffer, MMI President and CEO. “Our organization is fortunate to have such a distinguished and experienced group of industry leaders to guide our strategic agenda. 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 many 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 of the Board.”

About 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. Through conferences, educational resources, and thought leadership, MMI facilitates peer-to-peer connections, fosters industry knowledge and professionalism, and supports the development of the next generation of industry leadership. MMI member firms are dedicated to helping individual and institutional investors, at every level of assets, plan for and fulfill their financial goals. For more information, visit www.mminst.org.

Contact:
Kelly Caporale, Money Management Institute, kcaporale@mminst.org