The award, which was announced during MMI’s annual convention in New York on April 23, 2013, recognized Merrill Lynch Wealth Management as the firm that best exemplified overall excellence, as well as being the most significant contributor to the long-term success and sustainability of the industry over the last year.
"Our advancements and innovations in the managed solutions space are designed entirely with our clients in mind. It is a great honor for our company to be recognized for the effort invested by so many of our people to create the leading platform we have today. The best is yet to come as we will soon launch a greatly simplified platform that will be an industry first and create an unmatched client experience," said Andy Sieg, head of Global Wealth and Retirement Solutions at Bank of America Merrill Lynch.
Lorna Sabbia, head of the Managed Solutions Group at Merrill Lynch, added, "It’s a tremendous honor to be recognized by MMI for our excellence in client service through advisor education, product innovation, a continued focus on risk management and enhancements to our trading platform."
Money Management Institute (MMI) is the national organization for the advisory solutions industry, representing portfolio manager firms and sponsors of investment consulting programs. MMI was organized in 1997 to serve as a forum for the industry’s leaders to address common concerns, discuss industry issues and work together to better serve investors. The Institute is the leading advocate for the industry on regulatory and legislative issues.