Publications

MMI and Cerulli Associates announce the release of the Q3 2021 edition of Advisory Solutions Quarterly, which provides statistics on the managed accounts industry. Though managed account assets grew in the third quarter, the 2.4% quarter-over quarter growth is less than one third of the 7.9% expansion the industry experienced during 2Q 2021. An equity market pullback in September 2021, as well as slightly more muted net flows, created a third quarter of modest growth.

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.

The Third Quarter 2021 edition of the MMI Journal of Investment Advisory Solutions addresses these areas: the “next” normal, the acceleration of digitalization, the continued evolution of ESG investing, cryptocurrency as an asset class, and other thought-provoking topics of special interest to the investment advisory community.

MM 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.