Million Dollar Round Table, the global advisers’ association with more than 65,000 members, appears to be on track to deliver an ‘in-person’ global conference in Singapore later this year.
MDRT says that while its 2021 Annual Meeting will occur on 7-9 June, as a virtual event, it is at this time intending that its 2021 Global Conference, Top of the Table meeting and EDGE (for US and Canadian members) will be held in-person.
The Global Conference is planned for August 29 to September 1 in Singapore with the Top of the Table Annual Meeting planned for October 20-23, 2021 on Amelia Island in Florida.
There are also plans for elements of the June Annual Meeting to take place in-person in New Orleans, if possible.
The MDRT announcement notes that if an event is considered unsafe or restricted by governmental or other authorities, MDRT will modify the format of that meeting.
“MDRT looks forward to bringing members together in the coming year whether it be in an in-person or virtual environment,” it says.
Data-Driven Approach
The association has also developed a data-driven approach to profession-leading production standards for its 2021 membership season.
It says in a statement that in the face of last year’s business challenges, MDRT has adjusted its 2021 production requirements to ensure equal opportunity for qualified financial services professionals around the globe “while maintaining the association’s ongoing standard of excellence”.
It has moved to ensure its requirements were adjusted for each country equitably and developed a Covid-19 severity index formula which considers the severity and economic impact of the public health crisis, supply chain effects and projected decreases in consumer demand for each country. Country-specific data was used, “…resulting in a calculated adjustment for each specific country”.
MDRT President Ian Green says the goal in updating the 2021 requirements “…is to enable advisors to maintain their membership status while they focus on setting their clients up for success as they recover from the past tumultuous year”.
This methodology allows MDRT to provide flexibility in maintaining a top-tier standard in this difficult and uncertain economic environment, while remaining equitable across global economies, the statement adds.
