Jim is the former Chief Executive Officer of Pershing Managed Account Solutions and former co-founder and Chief Operating Officer of the Lockwood family of companies. He is a former Managing Director and member of the Executive Committee for Pershing LLC, where he was responsible for overseeing the delivery of turnkey and private-label managed account solutions to Pershing’s broker-dealer and registered investment advisor customers.
Jim also served as the 2011 Chairman of the Board of Governors of the Money Management Institute. Recognized as one of the primary contributors to the development of the fee-based consulting industry, Jim was honored in 2005 with the Pioneer Award by the Money Management Institute for his contributions to the managed account industry during his illustrious 25-year career.
In October 2016, Envestnet purchased Wheelhouse Analytics, where Jim now serves as Managing Director. His main area of attention is Envestnet Institute on Campus, a program aimed at bringing the eLearning experience that he developed to college campuses in order to better prepare students planning to enter the world of wealth management.