The Investment Company Institute is a trade association for mutual funds and other investment companies. It was founded in 1940, and its members include not only mutual fund companies but also other businesses that serve the industry. Its mission is to promote investor protection, professionalism, education, and research in the financial services industry.
Mission and vision Investment Company Institute
The Investment Company Institute (ICI) is a trade association for the mutual fund industry. It represents the interests of its members before Congress, federal regulators and courts.
ICI’s membership includes mutual fund companies, banks, insurance companies, broker-dealers and other market participants who are involved in the development and sale of investment products used by retail investors.
History and significance Investment
The Investment Company Institute (ICI) is a nonprofit organization that represents fund companies and their directors, trustees and shareholders. It was founded in 1940 as the Investment Company Institute.
ICI’s mission is to promote a strong economy for all Americans by advancing policies that encourage capital formation, job creation and economic growth through investor education; advocacy on behalf of its members; research into market conditions affecting mutual funds; collaboration with state securities regulators; support for legislative initiatives that benefit investors while maintaining high standards of integrity within financial markets; involvement in regulatory policy issues affecting our industry at both federal and state levels
Leadership and membership Investment
The Investment Company Institute (ICI) is a trade association that represents the mutual fund industry in the United States. ICI was founded in 1930 and has over 300 members, including mutual funds, ETFs and other investment companies.[1]
The organization is led by its president and CEO Paul Schott Stevens. He has been with ICI since 2000.[2] The board of directors includes 14 members who are elected by shareholders at each annual meeting.[3]
The staff includes five vice presidents: David Fink (Chief Financial Officer), Kevin Murphy (Legal Counsel), Ken Bentsen (Chief Economist), Greg Davis (Senior Vice President of Government Relations & Public Affairs) and Jim Rossotto (Vice President).[4]
Affiliations and affiliations Investment
- Memberships in the Securities Industry and Financial Markets Association (SIFMA), a trade group that represents the interests of securities firms and asset managers;
- Membership in the Financial Services Roundtable, a financial industry advocacy group; and
- Membership in several international organizations including the International Organization of Securities Commissions (IOSCO), which promotes international harmonization among securities regulators; National Investor Relations Institute (NIRI), which provides training for investor relations professionals; and Investment Company Institute (ICI), an industry association representing mutual funds and exchange-traded funds.
Trade association for mutual Industry
The Investment Company Institute (ICI) is a trade association for the mutual fund industry. It was founded in 1940 and its mission is to promote the interests of its members, which include all types of investment companies (mutual funds, closed-end funds and exchange-traded funds).
The ICI also serves as an information resource on matters related to investing in mutual funds and their place in Americans’ portfolios. The organization produces research reports on topics such as market trends; shareholder demographics; financial literacy among investors; retirement savings trends; impact of taxes on investment returns and more.
Conclusion
The Investment Company Institute is a trade association for mutual industry. It was founded in 1939 and has more than 3,000 members today. The organization’s mission is to advocate for the interests of its members by providing information, education, and networking opportunities related to investment companies.