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January 24, 2013
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News for investment consulting and wealth management professionalsGo to IMCA Update

  Top Story 
  • 10 trends wealth managers can expect in 2013
    The wealth-management industry can expect uncertainty and change in 2013, according to a report from Aite Group. It predicts changes in business models, technology's growing impact on client relationships, more willingness to work with third-party providers and the likelihood that the proposed uniform fiduciary standard will progress toward becoming law in the U.S. A greater focus on intergenerational wealth management and adviser succession, and a reassessment of international operations, are also examined in the report. (1/18) LinkedInFacebookTwitterEmail this Story
  IMCA Update 
  • IMCA's 2013 New York Consultants Conference is nearly sold out!
    IMCA's 2013 New York Consultants Conference Feb. 4–5 is almost sold out, and space at the New York Marriott Marquis in Times Square is limited. Join us to hear the industry’s leading experts share insight into the relevant and timely topics that impact your business and your clients. Sessions and speakers include:

    • Lies My Finance Professor Told Me | Andrew Lo, PhD, MIT Sloan School of Management
    • Debt Ceiling/Fiscal Cliff Update: Implications of Where We Are Today | Robert Pozen, JSD, JD, former chairman of MFS Investment Management and senior lecturer at Harvard Business School
    • The End of the Free Market: Who Wins the War between States and Corporations? | Ian Bremmer, PhD, founder and president of Eurasia Group

    Click here for additional conference details and to register now. LinkedInFacebookTwitterEmail this Story
  • Connect with your peers: Volunteer with IMCA
    Are you looking for a new way to connect with your fellow IMCA members and expand your professional network? Like most associations, IMCA depends on volunteers and the addition of expert assistance in executing its programs and services. Volunteering is a great way to get involved. New opportunities are always available, and IMCA’s certification department is currently seeking Certification Examination Item Writers and Test Form Review Task Force members.

    Click here for more information and to join a committee. LinkedInFacebookTwitterEmail this Story
  • Increase your firm's visibility as sole sponsor of the Best of IMCA series
    Is your firm seeking to reach top financial professionals in an exclusive-sponsor setting? The 2013 Best of IMCA seminar series provides the opportunity to network throughout the year at a grassroots level with more than 600 IMCA-member attendees and other established financial professionals. The six seminars will be held in: Atlanta, Boston, Dallas, Indianapolis, Orange County, CA, and Toronto, ON. Dates will be announced soon. 

    If your firm is interested in sponsoring the Best of IMCA series, e-mail Lara Davies for more information. LinkedInFacebookTwitterEmail this Story
  • Other News
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  Wealth Management 
  • Getting investors away from cash
    Given investors' recent tendency to cling to cash, advisers face challenges in helping them reach their long-term investment goals, says Robert Hussey of Natixis Global Asset Management. One strategy is to help them stop thinking of certain assets as "good" or "bad," he says. Wilmington Trust, meanwhile, suggests that advisers can capitalize on irrational investor behavior in the marketplace to increase their clients' returns. AdvisorOne (1/18) LinkedInFacebookTwitterEmail this Story
  • Estate tax exemption portability changes bypass-trust consideration
    Although there are still some situations where bypass trusts are relevant, from an estate planning perspective, changes made in the American Taxpayer Relief Act of 2012 -- namely, the portability of the estate tax exemption -- have made the use of these trusts adverse, writes Michael Kitces. Using bypass trusts can have negative tax consequences, he writes, not from an estate tax perspective but from an income tax perspective. Further, it's often unnecessary to utilize a bypass trust to protect property from federal estate taxes when a couple can simply file an estate tax return at the first death to preserve portability, Kitces points out. Nerd's Eye View blog (1/16) LinkedInFacebookTwitterEmail this Story
  Industry Updates & Trends 
  • Asset-management fees for alternative investments decline
    Alternative investments were the only asset class to experience "a material drop" in asset-management fees in 2012, according to Mercer Investment Consulting's latest fee survey. The drop in fees is reflective of the shift away from defined-benefit pensions to defined-contribution plans for retirement investing. AdvisorOne (1/22) LinkedInFacebookTwitterEmail this Story
  • International investors turn bullish on equities
    Close to two-thirds of international investors are planning to raise their holdings of stocks during the next six months, according to a Bloomberg survey. That is a 17-percentage point increase from November. Bloomberg (1/21) LinkedInFacebookTwitterEmail this Story
  Practice Management 
  • IMCA annual conference to focus on investment strategies
    Ian Bremmer of the Eurasia Group, Robert Pozen of Harvard Business School and Andrew Lo of MIT Sloan School of Management will discuss their outlooks for 2013 at the sixth annual conference of the Investment Management Consultants Association in New York on Feb. 4-5. "Planting the flag in private wealth advice is going to shape a lot of what IMCA focuses on over the next few years," says IMCA Executive Director Sean Walters. AdvisorOne (1/23) LinkedInFacebookTwitterEmail this Story
  • Wealth managers need tech to connect with "Futurewealthy"
    The up-and-coming wealthy not only expect asset managers to communicate with them digitally but to also enhance their wealth management experiences with these technologies, according to a study by SEI, Scorpio Partnership and Standard Chartered Private Bank. The "Futurewealthy" as a group spend 30.5 hours a week in some form of digital communication or dialogue. People whose wealth exceeds $4 million spend 43 hours a week on such technologies. AdvisorOne (1/21) LinkedInFacebookTwitterEmail this Story
  Regulatory & Legislative Spotlight 
  • Consumer bureau could seek a role in retirement policy
    The Consumer Financial Protection Bureau is exploring whether it has any authority over Americans' retirement savings and investments, says Richard Cordray, the agency's director. The CFPB is concerned that consumers might become victims of financial scams, sources say. Bloomberg (1/18) LinkedInFacebookTwitterEmail this Story
  • Regulators eye misstated AUM
    State and federal regulators are looking out for financial advisers who misstate their assets under management. Experts say advisers might inflate their assets under management because they want to avoid state regulation, they want the prestige associated with being registered with the Securities and Exchange Commission or because they are confused about how to calculate them. InvestmentNews (free registration) (1/18) LinkedInFacebookTwitterEmail this Story
Shyness has a strange element of narcissism, a belief that how we look, how we perform, is truly important to other people."
--Andre Dubus,
American writer

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Based in Denver, Investment Management Consultants Association® (IMCA®) was established in 1985 to deliver the premier investment consulting and wealth management credentials and world-class educational offerings—membership, conferences, research, and publications. The cornerstone of IMCA® is the Certified Investment Management Analyst® (CIMA®) certification, the only advanced certification designed specifically for investment consultants. IMCA® also delivers the advanced credential for wealth management professionals working with high-net-worth clients, the Certified Private Wealth Advisor® (CPWA®) certification. Visit for more information.

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