The Million Dollar Round Table, abbreviated MDRT is a trade association formed in 1927 to help insurance sales people and financial advisors improve their business practices and increase sales. The name comes from the fact that the founders had each logged sales of more than $1,000,000 in the year the organization was formed. They focus on improving technical knowledge and selling ability as well as maintaining ethical standards in an oft-maligned industry. Their programs and philosophies are one of the early forbears and focus on personal and professional development of their members, while enforcing a strict code of ethics.
MDRT promotes the "Whole Person" (formerly "Whole Man") concept, which was first presented to MDRT by the philosopher Mortimer Adler. According to Adler, "Whole Persons are engaged in a lifetime quest to achieve balance and congruity in all aspects of their lives and continually seek to develop their full human potential." The seven areas balanced by a "Whole Person" are family, health, education, career, and service, financial and spiritual.