Len Reinhart is recognized as one of the founders of the separately managed account industry. Mr. Reinhart was the President and founder of the Lockwood Companies and a Managing Director and member of the Executive Committee of Pershing LLC. Lockwood provides an investment consulting platform to independent financial advisors and broker/dealers. Currently, he is President of Reinhart Consulting Group serving the managed account industry as a consultant. Prior to founding Lockwood in 1995, Mr. Reinhart was President of the Consulting Group of Smith Barney, the firm's investment management consulting division. Under his leadership, the Consulting Group dominated its market, ultimately gathering more than $70 billion in assets under management and serving over 200,000 clients. Mr. Reinhart helped found and served as Chairman of the Board of Governors of the Money Management Institute (MMI) and also serves on the Advisory Board of the Investment Management Consultants Association (IMCA).

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