Don Phillips, managing director at Morningstar, received the Matthew R. McArthur Industry Pioneer Award from the Investment Management Consultants Association (IMCA), IMCA announced Tuesday.

He was one of the people presented with awards by IMCA at the association’s annual conference this week. IMCA is an educational and credentialing organization that offers the Certified Investment Management Analyst designation.

Phillips was recognized for his outstanding contributions to the profession of investment management consulting. He joined Morningstar in 1986 as its first mutual fund analyst and became editor of its flagship print publication, Morningstar Mutual Funds, establishing the editorial voice for which the company is best known. He helped develop the Morningstar Style Box, the Morningstar Rating and other proprietary Morningstar innovations, according to IMCA.

Charlotte B. Beyer, founder of the Institute for Private Investors, was presented with the J. Richard Joyner Wealth Management Impact Award. The award honors an individual who has contributed exceptional advancements in private wealth management. At the Institute, which has offices in New York City, San Francisco, London and Hong Kong, Beyer used her Wall Street experience to help improve the relationships between wealthy investors and their financial advisors, according to IMCA. She retired from the position in 2012.

Andrew W. Lo, a professor at the MIT Sloan School of Management and director of the MIT Laboratory for Financial Engineering, received the Richard J. Davis Ethics, Legal, Regulatory Insight Award. He was recognized for his paper, ”The Gordon Gekko Effect: The Role of Culture in the Financial Industry,” for the Social Science Research Network.

Cheng Yan, a lecturer in finance at the Durham University Business School in the United Kingdom, earned the 2016 Edward D. Baker III Journal Research Award. The award honors the author of an article that represents the best writing for the previous year on investment consulting and/or private wealth management that is published in the Journal of Investment Consulting. He was recognized for his paper, “Foreign Investors in Emerging Equity Markets: Currency Effect Perspective.”

Scott Welch, chief investment officer with Dynasty Financial Partners in New York City, was given the Stephen L. Kessler Writing Award, which honors IMCA members for editorial contributions to IMCA’s Investments & Wealth Monitor. Scott authored an article, “Managing Client Relationships in a Goals-Based Framework.”

Brian Laible, managing partner with Landmark Wealth Management in Amherst, N.Y., was presented with a Kessler Honorable Distinction award for his articles, “The Trinity of Asset Allocation: Taxes, Returns, and Time Horizon” and “Bracketology: Lowering Client Taxes with Bracket Management, ” in Investments & Wealth Monitor.