Philadelphia Financial Scholars honored by Money Management Institute’s Opening Doors Awards

PHILADELPHIA, [December 17], 2020 – Philadelphia Financial Scholars, a new 501(c)(3) with a mission to help Philadelphia high school students and their families develop wealth-building tools, was recognized by the Money Management Institute (MMI) at its inaugural Opening Doors Awards ceremony. The Opening Doors event supports the work of MMI and the Gateway Foundation to advance diversity, equity, and inclusion within the financial services industry.

Nominees were selected by leaders from across the financial services industry. The Opening Door’s selection committee included members of MMI’s Board of Governors, the Gateway Foundation Board of Trustees and MMI’s Social Justice Advisory Council. Philadelphia Financial Scholars was recognized in the program category for its commitment to addressing wealth inequality through expanded access to financial literacy and entrepreneurship education.

“MMI congratulates our Opening Doors Award recipients for their impactful work in raising awareness about diversity and inclusion as well as making concerted efforts to address both,” said Craig Pfeiffer, MMI President & CEO. “These recipients represent the leadership, innovation and proactive commitment that we need to make progress within financial services and in our society as a whole.”

“On behalf of all our Philadelphia Financial Scholars board members, we humbly accept this year’s MMI Opening Doors Award,” said Brendan Clark, CEO of Clark Capital Management Group and Philadelphia Financial Scholars board member. “Our founding supporters came together because we believe that access to financial and entrepreneurship education is critical to overcoming economic barriers.”

About Philadelphia Financial Scholars: Philadelphia Financial Scholars aims to help students and their families build greater wealth and achieve financial empowerment through access to financial literacy and entrepreneurship education. Visit to learn more.

About Money Management Institute (MMI):
Established in 1997, the Money Management Institute (MMI) is the industry association representing financial services firms that provide financial advice and investment advisory solutions to investors. Through conferences, educational resources, and thought leadership, MMI facilitates peer-to-peer connections, fosters industry knowledge and professionalism, and supports the development of the next generation of industry leadership. MMI member firms are dedicated to helping individual and institutional investors, at every level of assets, plan for and fulfill their financial goals. For more information, visit

Contact Information:
Melanie Hemmert