
The committee was formed to provide the Commission with diverse perspectives on asset management and related advice and recommendations. Topics the committee may address include trends and developments affecting investors and market participants, the effects of globalization, and changes in the role of technology and service providers. The committee is comprised of a group of outside experts, including individuals representing the views of retail and institutional investors, small and large funds, intermediaries, and other market participants.
If you are interested in serving on the Asset Management Advisory Committee, please email a letter of interest with applicable information about your relevant experience here.
Committee Members
- Edward Bernard, Committee Chairman
- T. Rowe Price
- John Bajkowski
- American Association of Individual Investors
- Jane Carten
- Saturna Capital
- Scot Draeger
- R.M. Davis Inc.
- Mike Durbin
- Fidelity Institutional
- Gilbert Garcia
- Garcia Hamilton & Associates
- Paul Greff
- Ohio Public Employees Retirement System
- Rich Hall
- The University of Texas/Texas A&M Investment Management Co.
- Neesha Hathi
- Charles Schwab Corp.
- Adeel Jivraj
- Ernst & Young LLP
- Ryan Ludt
- Vanguard
- Renee LaRoche-Morris
- BNY Mellon Investment Management
- Susan McGee
- Goldman Sachs BDC, Inc.
- Jeffrey Ptak
- Morningstar Research Services
- Erik Sirri
- Babson College and Natixis Funds, Loomis Sayles Funds, and Natixis ETFs
- Aye Soe
- S&P Dow Jones Indices
- Ross Stevens
- Stone Ridge Asset Management
- Rama Subramaniam
- GTS
- John Suydam
- Apollo Global Management
- Russ Wermers
- Smith School of Business, University of Maryland, and Wermers Consulting LLC
- Alex Glass
- Indiana Securities Commissioner (non-voting)
- Joe Savage
- FINRA (non-voting)
Recommendations of the Asset Management Advisory Committee
Recommendations Regarding COVID-19 Volatility: Exchange-Traded Products
Email Updates
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News
SEC Issues Agenda for Dec. 1 Meeting of the Asset Management Advisory Committee
November 25, 2020
SEC Announces New Asset Management Advisory Committee Member
November 4, 2020
SEC Issues Agenda for Nov. 5 Special Meeting of the Asset Management Advisory Committee
October 29, 2020
SEC Issues Agenda for September 16 Meeting of the Asset Management Advisory Committee
September 11, 2020
SEC Issues Agenda for July 16 Special Meeting of the Asset Management Advisory Committee
July 8, 2020
SEC Issues Agenda for May 27 Meeting of the Asset Management Advisory Committee
May 21, 2020
SEC Issues Agenda for Inaugural Meeting of the Asset Management Advisory Committee
January 9, 2020
SEC Announces the Formation of Asset Management Advisory Committee
October 9, 2019
Organization
Notice – Establishment of Committee
Meetings
December 1, 2020
Background Materials
- Panelist Bios
- Update from the ESG Subcommittee
- Potential Recommendations of the ESG Subcommittee
- Summary Draft: Preliminary Recommendations of ESG Subcommittee for the AMAC
- Update from the Private Investments Subcommittee
Additional Background Materials
- Letter from Chairman Jay Clayton to the Chairman of the Asset Management Advisory Committee and the Chair of the Private Investments Subcommittee
- 10/15/2020 SASB SEC AMAC ESG Subcommittee FINAL
November 5, 2020
Background Materials
September 16, 2020
Background Materials
- Panelist Bios
- Update from the ESG Subcommittee
- Update from the Private Investments Subcommittee
- Memorandum – Academic Literature on Potential Benefits for Portfolio Efficiency of Private Equity Investments
- Cambridge Associates – Private Investments
- Hamilton Lane - Presentation
- Prof. Lerner – Remarks to the SEC Asset Management Advisory Committee Private Investments Subcommittee
- Prof. Phalippou – Track Record Marketing in Private Equity
- Illinois State Treasurer – Presentation
- Exchange-Traded Products Panel – Preliminary Recommendation
- Operations Panel – COVID-19 Related Operational Issues
July 16, 2020
Background Materials
- Panelist Bios
- Orion – Technology’s Role in the Evolution of Investment Advice
- Schwab – Deconstruction of Advice: Perspective of an Entrepreneur
Additional Background Materials
- Study: Race Influences Professional Investors’ Financial Judgments (May 2019)
- GAO Report: Investment Management – Key Practices Could Provide More Options for Federal Entities and Opportunities for Minority- and Women-Owned Asset Managers (September 2017)
- Study: Diverse Asset Management Project Firm Assessment (Final Report May 2017)
- Study: 2018 Diverse Asset Management Firm Assessment (Final Report January 2019)
- Study: Diversity of Asset Managers in Philanthropy (February 2020)
- Study: Intolerance of Failure? Evidence from U.S. Private Equity (Final Report January 2019)
- Raben Group Diverse Asset Managers Initiative Information: Annual Investment Consultant Survey (2018)
- Raben Group Diverse Asset Managers Initiative Information: Annual Investment Consultant Survey (2019)
- Raben Group Diverse Asset Managers Initiative Information: Fiduciary Guide to Investing with Diverse Asset Managers and Firms (April 2017)
- Letter from NASP et al. to Treasury Secretary Mnuchin et al. (April 2020)
- Letter from NAIC to Chairwoman Maxine Waters, U.S. House Committee on Financial Services (June 2019)
- Draft Bill for Diverse Investment Advisers Act (March 2020)
- NASP Public Policy Priorities
- Letter from NASP to California Public Employees Retirement System (January 2020)
- Ronald C. Parker, NASP, Statement before the U.S. House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets (June 2020)
May 27, 2020
Background Materials
- Update from the ESG Subcommittee
- Update from the Private Investments Subcommittee
- CaseyQuirk – Asset Management’s Pandemic Response
- ICI – Fund Flows During COVID-19
- PIMCO – Taxonomy of a Crisis
January 14, 2020
Background Materials
- CaseyQuirk -- Remarks and Discussion
- Empirical Research – Issues Facing U.S. Money Management Industry
- McKinsey & Company – Global Trends in Asset Management
- Key Global Regulatory Themes in Fund Management in the 2020s: A Personal Perspective
- Apollo Global Management – SEC Asset Management Advisory Committee Presentation
- Blackstone – Expanding Retail Access to Private Markets