Money Management Institute announced Wednesday that Craig Pfeiffer, a seasoned wealth management executive and founder of advisor training firm Advisors Ahead, would be MMI's new president and CEO. Pfeiffer succeeds Christopher Davis, who has president since MMI's founding in 1997.
Pfieffer has more than 34 years of experience in the financial services industry, including 29 years with Morgan Stanley Smith Barney, where he was vice chairman and a member of the executive committee.
“Craig is an industry veteran with extensive relationships and throughout his career has pursued a passion for continuously elevating the professionalism of the investment advice industry,” said Joseph Schultz, MMI's chair emeritus and senior vice president. Schultz has headed the search and selection committee for a new president since Davis announced his desire to step down in November.
In 2012, Pfieffer founded Advisors Ahead, a firm committed to developing the next generation of financial advisors by connecting college graduates with financial services firms. Clay Skurdal, who Pfieffer called “a trusted business partner for over 18 years,” will assume responsibilities as COO and will serve as president of Advisors Ahead’s talent solutions group.
Pfieffer will take on a more strategic direction and guidance role at Advisors Ahead as chairman.
“I know MMI and its members and believe wholeheartedly in their mission and principles,” Pfeiffer said in a statement. “Our ever-changing industry is continuously facing new challenges and opportunities, and MMI’s strengths will play a leadership role within the financial services sector and especially in the advisory solutions segment.”
