Most directors, whether they serve corporate or fund boards, agree that owning shares in the entity they govern is important. Ownership is tangible proof that the interests of the board are consistent with those of the shareholders they represent. This MPI Bulletin examines fund director share ownership policies but more importantly addresses how directors acquire those shares. Over many years … Read More
The Search for the “T” Shaped Fund Director
Based on MPI’s Annual Trustee Compensation and Governance Practices Survey, we believe that 25% of the sitting mutual fund board directors will retire or step aside due to fund mergers in the next five years. As a result, many Fund Boards will need to recruit new Trustees during this period. These Boards will go through the process of identifying gaps … Read More
What Fund Directors Need to Know about Robo Advisors
Robo Advisors (Robos) is a method of customized internet based financial advice. They can be simple, essentially an extension of the “model portfolios” financial planners have used for years to help tailor advice to investors to accommodate age, risk tolerance and objectives. Robos can also be complex, actually executing an asset allocation strategy for a client who has no or … Read More
2017 MPI Mutual Fund CCO Compensation Survey
MPI completed its twelfth annual Survey of Mutual Fund Chief Compliance Officer Compensation and Organizational Practices. This bulletin summarizes the findings and is based on the submissions of 60 mutual fund CCOs from all regions of the U.S., representing funds with $2.3 trillion in assets. This year’s study found that 65% of the participants were full-time employees and serve as … Read More
The 2017 MPI Annual Mutual Fund Director Compensation Survey
Management Practice Inc. (MPI) has just completed its 24th annual “Survey of Mutual Fund Director/Trustee Compensation and Governance Practices,” with data covering 1,982 directors from 410 fund boards. Full reports and specific board compensation comparisons are available from MPI. The average pay increase from 2015 to 2016 (for equivalent directors) was 5.2%, down from 5.9%, 7.5% and 7.2% over the … Read More
THE 2016 MPI ANNUAL SURVEY OF CHIEF COMPLIANCE OFFICER COMPENSATION
Management Practice Inc. is pleased to announce the 11th Annual MPI Survey of Mutual Fund Chief Compliance Officer Compensation and Organizational Practices. We would like to thank our past participants in the survey, which continues to be a success and would not be possible without your support. We are now working on this year’s survey and are once again asking … Read More
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