Envestnet, Natixis [profile], UBS, and eight other companies won awards recently from a wealth management industry trade group.

Joan Lensing Money Management Institute Senior Vice President, Chief Marketing Officer

On April 21 at the annual MMI (Money Management Industry) convention in Washington, D.C., the trade group's board of governors recognized 10 firms and one individual with its 2016 Industry Leadership Awards, the eighth annual such awards. The awards recognize asset managers, advisory solution sponsors and distributors, and technology and service providers.

The winners were celebrated at MMI's "Gateway to Leadership" dinner, which serves as a fundraiser for the MMI's workplace diversity initiative of the same name which "places minority college students in internships with MMI member firms."

Joan Lensing, senior vice president and chief marketing officer at MMI, confirms that this time around the awards opened the "most innovative new investment product" award to more types of firms. And MMI also added a separate category for outsourced investment advisory services.

"The awards continue to evolve each year as the business evolves and matures," Lensing tells MFWire.

The eleven winners this year are:

-Advisor Group, "Advisory Solutions Sponsor Distribution Team of the Year";

-DTCC, "MMI Gateway to Leadership Award";

-Dynasty Financial Partners, "Advisory Solutions Regional/RIA Sponsor Firm of the Year"

-Envestnet, "Advisory Solutions Provider of the Year -- Outsourced Investment Advisory Services";

-Horizon Investments, "Advisory Solutions Emerging Investment Manager of the Year";

-Lazard Asset Management [profile], "Advisory Solutions Investment Manager Distribution Team of the Year";

-MassMutual, for RetireSmart Ready Managed Path, "Advisory Solutions Most Innovative New Investment Product";

-Natixis Global Asset Management, "Advisory Solutions Established Investment Manager of the Year";

-Robert Noelke, retired Lord Abbett [profile] partner, "2016 Advisory Solutions Pioneer";

-TIAA [profile], for financial literacy, "Advisory Solutions 'Doing Good' Award";

-UBS Financial Services, "Advisory Solutions National Sponsor Firm of the Year";

-Vestmark, "Advisory Solutions Provider of the Year -- Technology and Operations Platform". 

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