Practice Manual for Retirement Management Analyst (RMA) Certificate Holders and Compliance Officers
The primary author of this manual, François Gadenne, RMA, CFA, is Co-founder, Chairman and Executive Director of the Retirement Income Industry Association, (RIIA). RIIA was founded in 2006 to help solve the retirement problem by: -Discovering the new realities of retirement -Providing an objective and inclusive view across the business silos -Developing its findings into innovative solutions This problem and its matching Boomer demographics drive three fundamental disruptions for the financial industry: -The presence of client risks and needs not addressed by traditional investment management -Solutions that exist outside of traditional investment management business models -Academic justifications and practice validations that expand beyond the traditional focus on wealth RIIA's unique culture brings the retirement-income industry together with a View Across Silos creating an unbiased forum offering: -Diverse discussions (Events, Publications) -Advanced advisor education -Market insight and research - Consumer thought leadership  RIIA members span the entire industry and include banks, insurers, mutual fund companies, brokerage houses, financial advisors and distributors, plan sponsors, researchers, technology companies, marketing firms, academics, and industry media. One of RIIA's key roles is to vet retirement solutions, processes, and products, publish those that pass the vetting process, and educate advisors about their proper use. For over 30 years, Mr. Gadenne has led teams that build successful technology solutions for the financial industry. His background combines a history of entrepreneurship, experience at financial service organizations, and corporate strategy consulting. The co-author of this manual is Al Turco, Esq., JD. Mr. Turco is an ERISA and Financial Services partner at McElroy Deutsch Mulvaney & Carpenter, LLP, whose practice concentrates on financial transactions and ERISA fiduciary responsibility. He serves as counsel to the Board of Directors of the Retirement Income Industry Association (which he co-founded) and serves on various committees of the Stable Value Investment Association. Mr. Turco also maintains a regulatory practice and has been involved in public service his entire adult life, having served on numerous boards and commissions.