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February 21, 2013
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  IMCA Update 
  • Learn from a Better Breed of Speakers at IMCA's 2013 Annual Conference
    IMCA's 2013 Annual Conference is only two months away, April 28–May 1, at the Washington State Convention Center in Seattle. You won't want to miss this opportunity to hear from what is arguably the deepest lineup of speakers at any industry conference this year. General session speakers include:

    Dan Ariely, PhD, James B. Duke Professor of Behavioral Economics at Duke University, and author of New York Times bestsellers Predictably Irrational and The Upside of Irrationality and most recently The (Honest) Truth About Dishonesty: How We Lie to Everyone—Especially Ourselves.

    Nassim Nicholas Taleb, Distinguished Professor of Risk Engineering at New York University Polytechnic Institute, and author of multiple bestsellers including The Black Swan (3 million copies sold) and his most recent, Antifragile: Things that Gain from Disorder.

    Meredith Whitney, renowned expert in the finance industry, hailed as "The Oracle of Wall Street" by Bloomberg, named one of the world's 100 Most Influential People in 2009 by TIME, and one of Fortune's 50 Most Powerful Women in Business for the past four years.

    Visit for all of the conference details and to register. LinkedInFacebookTwitterEmail this Story
  • Win a Conference Registration in 2013!
    Influence your peers and the direction of the investment consulting and wealth management professions by participating in IMCA's survey, produced in collaboration with Cerulli Associates. All survey respondents will have the chance to win one of three free conference registrations, up to $950 in value, and each respondent will receive the Cerulli Edge® 4Q 2012 Advisor Edition, which focuses on investor sentiment, client portfolios, and passive investing. Participate in the 2013 IMCA survey now.

    Hundreds of IMCA members participated in the survey last year. Don't miss this opportunity to help shape the industry by providing input on the issues impacting your practice and the profession. Data gathered will be used in IMCA's Research Quarterly, produced in collaboration with Cerulli Associates. LinkedInFacebookTwitterEmail this Story
  • Congratulations to IMCA member Andrew Lewis on winning a free conference registration for participating in IMCA's membership survey.  LinkedInFacebookTwitterEmail this Story
  • Sponsor or exhibit with IMCA in 2013. Email Lara Davies at for details.  LinkedInFacebookTwitterEmail this Story
Learn more about IMCA ->Join | Newsroom | Exhibit/Sponsor
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  Wealth Management 
  • Commentary: High taxes make variable annuities good option
    The time it takes for a variable annuity's tax deferral to offset its cost has declined significantly with the advent of lower-cost products and tax-policy changes, writes Michael Kitces. The new generation of variable annuities may be particularly useful for high-income customers, he writes. Nerd's Eye View blog (2/13) LinkedInFacebookTwitterEmail this Story
  • Advisers must pay attention to affluent clients' collections
    Financial advisers should give close attention to wealthy clients' collections and make sure items are inventoried, valued and insured, experts say. A Northern Trust survey found that 20% of Americans with more than $1 million available to invest have acquired collections worth enough to be considered investments. Reuters (2/13) LinkedInFacebookTwitterEmail this Story
  • Stock volatility reaches record low; investors return to market
    Volatility in stock swings is the lowest since the Great Depression, with average daily price moves for the Standard & Poor's 500 Index clocking in at 0.43% for 2013. The average was 1.08% over the last five years. Investors are returning to the market, investing $37 billion in equity funds during January, the highest level since 2004, according the Investment Company Institute. Financial Advisor online/Bloomberg (2/19) LinkedInFacebookTwitterEmail this Story
  Industry Updates & Trends 
  • Ultra-wealthy tend to use multiple advisers, survey finds
    The wealthiest investors rely on multiple advisers for their financial planning, an SEI survey says. In addition to financial advisers, they look to accountants and lawyers. Michael Farrell of SEI Private Wealth Management says advisers should try to take the lead among clients' advisers, making sense of the pieces of advice from other sources. SEI's survey also found that wealthy investors feel that their current assets are not sufficient. (2/19) LinkedInFacebookTwitterEmail this Story
  • Goldman top economist says U.S. recession less likely
    The risk of recession has receded in the U.S. over the past few months, and additional encouraging signs emerged when tax increases in January did not slow spending, said Jan Hatzius, an economist with Goldman Sachs. Also encouraging, Hatzius says, is Congress' decision not to delay an increase in the debt ceiling to win more spending cuts. MarketWatch (2/19) LinkedInFacebookTwitterEmail this Story
  Practice Management 
  Regulatory & Legislative Spotlight 
  • SEC is gearing up for fiduciary mandate, Walter says
    Securities and Exchange Commission Chairwoman Elisse Walter told the Senate banking committee that the SEC is seriously considering a rule in which brokers would have a fiduciary mandate. She said the agency is drafting a public request for information on the provision of retail financial advice and regulatory alternatives and probably will seek public comment within two months. AdvisorOne (2/14) LinkedInFacebookTwitterEmail this Story
We deceive ourselves when we fancy that only weakness needs support. Strength needs it far more."
--Anne Sophie Swetchine,
Russian mystic

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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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