The Money Management Institute, an investment and wealth management industry association, announced on Monday it has elected three new members to its board of governors.

The additions were made at MMI’s recent Fall Solutions Conference in New York where industry leaders gathered to discuss the relevance of traditional asset allocation models and the changing advisory landscape

The new members include Lee Beck, managing director and head of global strategic relationship group at JPMorgan Chase and Co, Steve Dunlap, president of managed investments at Pershing LLC, and Stephen Seifert, investment advisory and mutual funds at Edward Jones.

Beck replaces Jed Laskowitz who was recently named chief executive officer of JP Morgan’s Asia Funds and will be relocating to Singapore. Dunlap replaces now-retired Jim Seuffert, the most recent past chairman of the MMI board of governors and the former chief executive officer of Pershing, managed account solutions. Similarly, Seifert takes the place of Bill Broderick, an Edward Jones principal who is to retire at the end of the year.

Matt Witkos, chairman of the MMI board of governors, expressed gratitude to the former governors for their service and welcomed the newest members. “Each brings vast experience and fresh perspective to our board and the firms they represent are acknowledged leaders in the advisory solutions market place,” Witkos said in a statement.

According to MMI, its board of governors is made up of 30 representatives from leading financial services firms, both broker-dealer and asset management firms, that collectively manage at least 95% of the $2.5 trillion in assets under management in the advisory solutions industry.

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