NEW YORK, NY – July 25, 2024 – The Money Management Institute (MMI) has announced the finalists of the 2024 MMI/Barron’s Industry Awards. Now in their 16th year, the awards recognize innovation and leadership in the investment advisory solutions industry.
“The prestigious MMI/Barron’s Industry Awards aim to highlight the exemplary work being performed across the investment advisory landscape,” said Craig Pfeiffer, MMI President and CEO. “Every year, we encounter an impressive group of wealth managers, asset managers and solutions providers driving innovation and change in investment advice and solutions. We look forward to honoring these firms and announcing winners at our 2024 MMI Annual Conference in October.”
Jack Otter, Global Head of Wealth & Asset Management at Dow Jones, the publisher of Barron's, added, “Every company that submitted a nomination plays a crucial role in this ecosystem, providing tools and strategies necessary for investment advisors to secure the financial futures of households and institutions. Congratulations to all the finalists who empower the investment advisory solutions industry in helping clients reach their goals.”
The finalists in the 13 award categories this year are:
Disruption (Open Award Categories): Honoring a groundbreaking new product, service or process that will fundamentally alter the future delivery of advisory solutions.
- BNY Mellon’s Pershing X — Wove
- Calamos Investments — Structured Protection ETFs
- Franklin Templeton — Franklin Templeton Digital Assets
Distribution Excellence (Open Award Categories): Honoring firms that provide exemplary and innovative advisor sales support both in the field and from the home office.
- Blackstone — Global Business Intelligence Platform and Client Servicing
- Halo Investing — Using Partnership to Help Clients Create New Revenue Streams
- Morgan Stanley — Pressing Our Advantage: Field Engagement Initiative
- UBS Advisory Sales & Consulting — Activate Your Assets with Analytics (AAA)
Doing Good (Open Award Categories): Honoring firm-wide initiatives that actively contribute to the betterment of our communities and address specific needs within them.
- Franklin Templeton — DEI Symposium: Changing Faces of Wealth
- Macquarie — Economic Mobility Initiative
- Osaic — Launch of the Osaic Foundation
Thought Leadership/Education (Open Award Categories): Honoring new programs, research, educational campaigns, or content that meaningfully advance industry knowledge and understanding of topics key to the future of advisory solutions.
- Blue Owl Capital — Private Wealth Site, Private Markets Education Toolkit, and Private Markets Leadership Series
- Franklin Templeton — Alternative Investment Content and Education
- iCapital — Beyond 60/40
- Russell Investments — Direct Indexing Education Product and Education
Values-Based Investing (Open Award Categories): Honoring programs that support awareness and adoption of Values-Based Investing.
- Domini Impact Investments — The Domini Funds: Harnessing the Power of Finance
- Raymond James — Real Stories: Aligning Wealth and Values
- YourStake — Values-Aligned Direct Index Solutions (VADIS)
Digital Innovation (Wealth Manager Categories): Honoring a new technological innovation (or specific enhancement to an existing platform or tool) by a wealth management firm that enhances the investor or advisor experience with advisory solutions.
- LPL Financial — ClientWorks Rebalancer
- Bank of America Merrill Lynch — Merrill Digital Presence: A Robust Ecosystem for Client Acquisition
- Wells Fargo Wealth and Investment Management — Lifesync
Wealth Manager Platform of the Year: Honoring a wealth manager platform that exemplifies innovation in delivering better outcomes for investors and financial advisors.
- CapIntel — CapIntel Platform
- Bank of America Merrill Lynch — CRM: Unlocking Business Value for Merrill Advisors
- Morgan Stanley Wealth Management — Morgan Stanley Wealth Management (MSWM) Select UMA Platform
Asset Manager of the Year (Retail Advisory AUM less than $25 billion): Honoring a smaller asset manager that exemplifies innovation in delivering better outcomes for investors and financial advisors.
- BondBloxx Investment Management — BondBloxx ETF family expansion and innovation
- North Square Investments, LLC — North Square Funds
- StepStone Private Wealth — StepStone Private Infrastructure Fund (STRUCTURE)
Asset Manager of the Year (Retail Advisory AUM $25 billion-$100 billion): Honoring a mid-size asset manager that exemplifies innovation in delivering better outcomes for investors and financial advisors.
- Amundi US — Pioneer CAT Bond Fund
- Calamos Investments — Alternative Funds Expansion
- Clark Capital Management Group — Employee-Owned, Independent Asset Manager Defies Industry Trends
Asset Manager of the Year (Retail Advisory AUM more than $100 billion): Honoring a larger asset manager that exemplifies innovation in delivering better outcomes for investors and financial advisors.
- Blackstone — Blackstone Private Wealth Solutions
- Blue Owl Capital — GP Stakes Fund VI and International expansion of Real Estate and Credit offerings
- Federated Hermes — Federated Hermes Total Return Bond ETF (FTRB)
- Fidelity Investments — Fidelity Investments grows and enhances ETF lineup
Digital Innovation (Asset Manager categories): Honoring a new technological innovation (or specific enhancement to an existing platform or tool) by an asset management firm that enhances the investor or advisor experience with advisory solutions.
- Cohen & Steers — Cohen & Steers Real Assets Compass
- Frankin Templeton (Subsidiary: O’Shaughnessy Asset Management) — Canvas
Digital Innovation – Technology/Solutions Provider: Honoring a new technological innovation (or specific enhancement to an existing platform or tool) by an asset management firm that enhances the investor or advisor experience with advisory solutions.
- Adhesion Wealth Advisor Solutions — Adhesion Model Marketplace
- Advisor 360° — Advisor Oversight
- Brooklyn Investment Group — Industry-first multi-asset direct indexing platform for advisors
- IMTC — IMTC Investment Management System
Technology/Solutions Provider of The Year: Honoring a solutions provider firm (technology/service provider) that exemplifies innovation in delivering better outcomes for investors and financial advisors.
- BNY Mellon’s Pershing X — Wove
- E78 Partners — E78 Partners
- Nitrogen — Nitrogen
- SMArtX Advisory Solutions — SMArtY
About the MMI/Barron’s Industry Awards Program:
Nominations are reviewed and evaluated by the specially appointed MMI Industry Awards Steering Council. The Steering Council consist of representatives from all segments of the MMI membership.
The Steering Council looked for innovative, needle-moving programs and initiatives that measurably advance the investment advisory solutions industry and deliver improved outcomes for financial advisors and investors. After carefully reviewing the nominations submitted, the Steering Council determined a slate of finalists in each award category. The primary contacts at each of MMI’s 206 members firms are eligible to vote to determine the winners in each category.
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. 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.
About Barron’s: Barron’s is America’s premier financial magazine, known for its market-moving stories. Published by Dow Jones since 1921, it reaches an influential audience of professional fund managers, financial advisors, affluent individual investors, financial-services professionals, and senior corporate executives. With new content available every business day in digital form and every week in print, Barron’s provides readers with an intelligible recap of recent market action coupled with insights on what’s likely to happen in the market in the days and weeks to come. In addition, the Wealth & Asset Management Group’s annual series of exclusive conferences for financial advisors and investors is dedicated to identifying, enhancing, and expanding best practices in wealth management. As a result of these initiatives, Barron’s is the trusted financial-publishing brand that people active in the market turn to for information, ideas, and insights they can use to increase their professional success and enhance their personal, financial well-being.
Media Contact:
Kelly Caporale
Executive Vice President, Chief Marketing Officer
Money Management Institute
646.868.8514
kcaporale@mminst.org
