"My vision for MMI is for it to be a trusted resource and a first call."

Craig Pfeiffer Money Management Institute President, Chief Executive Officer

Craig Pfeiffer shared that, and more yesterday at a press briefing at the Grand Hyatt above Grand Central Terminal in New York City. On May 1, Pfeiffer took over as president of the Money Management Institute (MMI), after the departure of its founding president, and today he'll welcome about 400 fundsters and other wealth management industry insiders to MMI's 2015 Fall Solutions Conference, his first MMI conference as chief. Like yesterday's press briefing, the conference today and tomorrow is being held at the Grand Hyatt in midtown Manhattan.

In his introductory remarks at the briefing, Pfeiffer laid out his five key MMI strategic initiatives: member resources, education and training, data, the next generation, and advocacy.

The briefing was part MMI refresher for journalists and part research-presentation on "goals-based wealth management," which Pfeiffer described as a "significant secular transition for the industry." In the Q&A, Pfeiffer said that he expects significant investor demand for goals-based on wealth management and that big firms won't be the only ones offering it.

"There'll be marketplace solutions that will be utility-accessed," Pfeiffer said.

Other speakers at the briefing included: Sean Fullerton, senior research analyst at State Street's center for applied research and Jack Sharry, executive vice president of software specialist LifeYield. Jean Sullivan, managing principal of longtime MMI research ally Dover Financial Research, chimed in via speakerphone. 

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