The MDE Group Issues NextGen Investing Research Study

MORRISTOWN, N.J., July 14, 2011 /PRNewswire/ -- The MDE Group, a $1.3 billion wealth management firm, today announced the release of a new research study, NextGen Investing: Creating an Industry Dialogue about the Future of Financial Advice.  The study examines the trends affecting the future of the financial advisory business and the implications of those forces.

"Our study offers a systematic framework by which to examine the financial advisory business, highlight the critical issues and reflect our perspective on the future of wealth management," said Mitchell Eichen, Founder and CEO of The MDE Group.  "We hope the findings will facilitate a productive dialogue among like-minded firms that includes sharing best practices and discussing how firms can adapt and build their competitive advantage."

Using a technique known as the Porter Analysis, developed by Harvard Business School professor Michael E. Porter, the NextGen Investing study suggests wealth managers consider a variety of strategies options in several core functional areas. These strategies include:

"The time is right for a formalized strategy process," said Mark Pearlman, Executive Vice President of Business Strategy at The MDE Group.  "Over the coming years, advisors will face an increasingly complex and challenging marketplace. We must examine where we think the industry is headed in order to better serve our clients and position our firm for success."  

This study is part of a broader NextGen initiative to foster discussion among wealth managers.  In the coming months, The MDE Group plans to meet with other Registered Investment Advisors (RIAs) and industry participants to discuss the future of the industry and share best practices.

To request a copy of the study, visit http://www.mdegroup.com/main/nextgen.php

To learn more about how you can participate in the NextGen Investing dialogue, contact

Mark Pearlman at [email protected] and join the NextGen Investing LinkedIn group.

In addition, MDE is aggregating sources of primary research and analysis relevant to the future of the independent wealth management industry.  These resources can be accessed at

http://www.mdegroup.com/main/resources.php.

About The MDE Group

The MDE Group is a pioneering wealth management firm focused on providing innovative and practical financial services to high-net-worth families, corporate executives, endowments, and foundations. Since 1987, we have strived to define Wealth Leadership® through our client-centric approach, strong history, and experienced team. The MDE Group has ranked in the top 25 of Barron's "Top 100 Independent Financial Advisors" since 2007 and has $1.3 billion under management. For more about The MDE Group, visit www.mdegroup.com.

SOURCE The MDE Group