An association management company, or AMC, provides management and specialized administrative services to non-profit trade associations and professional associations using a for-profit approach. Many AMCs serve as an organization's headquarters, managing day-to-day operations and becoming the public face of the organization.
Services may include executive, administrative and financial management; strategic planning; membership development; public affairs and lobbying; education and professional development; statistical research; meetings management; and marketing and communication services. Orienting board members is common; AMCs lay out expectations for fiduciary oversight and point out conflicts of interest.
Fernley & Fernley has the distinction of being the first Association Management Company (AMC) in the country having founded the concept in 1886. T. James Fernley, a successful hardware wholesaler, was a member of the Hardware Merchants and Manufacturers Association of Philadelphia. Like many association members, he looked to his association for industry information and for an opportunity to network with his peers. Fernley also saw a need for more leadership and, like a true entrepreneur, stepped up to the plate and began helping to manage the Association.
In true entrepreneurial fashion, T. James’ son, Thomas A. Fernley, Sr., joined his father shortly thereafter, and the two quickly earned a reputation for exceptional organizational and leadership skills. By 1909, a number of other national associations approached the Fernleys, requesting that they serve as their organization’s professional management team. And that is how Fernley & Fernley, America’s first association management firm, was born!
During the last century, additional generations of the family have helped take the firm to new levels of client service, commitment, and expertise. The most recent generation has been taking a wholesale look at the AMC model and overlaying it against the expected needs and expectations for our clients today… and into tomorrow. They are investing in people and technology, and are continually in search of new and creative reward and incentive programs for peak performers.
Professional development is encouraged for all employees, as well as involvement in the community and “going green.” The Fernleys understand the importance of changing with the times and look forward to a bright future ahead.
Since taking the helm of the company in 1992, current CEO Taylor Fernley has reorganized the company’s service delivery model to provide more efficient and effective services to clients. Also, anticipating the changes in the industry, he led the expansion of Fernley’s client base through organic growth and acquisition. Mr. Fernley facilitated the advancement of the accreditation process within Fernley & Fernley to ensure their leadership in the industry.
According to en.wikipedia and chamberphl.com
