SOURCE: Retirement Income Industry Association

Retirement Income Industry Association

April 05, 2012 08:53 ET

Peng Chen, President of Morningstar's Investment Management Division, Joins Curriculum Advisory Board for the Retirement Management Analyst(SM) Designation

BOSTON, MA--(Marketwire - Apr 5, 2012) - Peng Chen, Ph.D., CFA®, president, Morningstar's Investment Management division, has joined the Curriculum Advisory Board for the Retirement Management Analyst(SM) designation, announced Francois Gadenne, executive director and chairman of the Retirement Income Industry Association (RIIA).

Created by RIIA, an important distinguishing characteristic of the RMA designation is the scientifically based, rigorous retirement income planning curriculum and examination. RIIA and the RMA program are dedicated to serving the financial services industry, including defined contribution and retail distribution organizations, investment managers, financial advisors, broker dealers, banks and insurance companies. Individuals earning the RMA designation are uniquely prepared to deliver retirement income solutions and services to clients who want a secure income stream and ongoing professional management throughout their retirement years.

"Peng is a member of the RIIA Board of Directors and we are honored to have him join the RMA Curriculum Advisory Board as we continue to enhance the rapidly developing retirement income curriculum surrounding this advanced education," said Gadenne.

As president of Morningstar's Investment Management division, Chen is responsible for overseeing the company's investment consulting, retirement advice, and investment management operations in North America, Europe, Asia, and Australia. He is also one of the foremost authorities on asset allocation and a respected researcher whose writings have appeared in scholarly journals across the industry.

Commented Stephen Mitchell, director of advisor education for RIIA, "As a scientifically based advanced education program, we are keenly focused on the quality and timeliness of the RMA curriculum as a way for financial professionals to better serve the millions of Baby Boomers in retirement. Peng's expertise in asset allocation, portfolio risk measurement, nontraditional assets and the global financial markets will deepen and enriched the development of the RMA curriculum and the body of knowledge."

As a member of the RMA Advisory Board, Chen will provide advice and counsel to the Director of Curriculum Wade Pfau, Ph.D., CFA®, associate professor at the National Graduate Institute for Policy Studies in Tokyo, Japan, as he oversees and reviews the academic direction of the evolving RMA curriculum.

About the Retirement Income Industry Association (

Founded in 2006 by leading financial companies, advisors, associations and academics, the Retirement Income Industry Association (RIIA) provides a rigorous, research-driven, household-focused foundation for developing retirement solutions to serve retirees today and into the future. A non-profit organization, RIIA achieves its mission through a unique View Across the Silos allowing members to see change and disruption before others while achieving competitive advantage through diverse discussions, advanced education, market insight, research, comprehensive data, standards and thought leadership for successful retirement income management. 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.

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 375,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has more than $180 billion in assets under advisement and management as of Dec. 31, 2011. The company has operations in 27 countries.

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