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January 10, 2013
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News for investment consulting and wealth management professionalsGo to IMCA Update

  Top Story 
  • Investors to increase hedge fund allocations in 2013
    Despite hedge funds' mediocre risk-adjusted performance in 2012, 86% of institutional investors plan to increase their allocations to this asset class this year, according to a survey by Concept Capital. Returns of public securities are still too low for many of these investors. The survey shows 61% of institutional investors are willing to consider managers with a track record of less than two years. (1/9) LinkedInFacebookTwitterEmail this Story
  IMCA Update 
  • Gain an Educational Edge to Start 2013: Hear the Latest Industry Insight at the New York Consultants Conference
    IMCA’s 2013 New York Consultants Conference is less than four weeks away, Feb. 4–5 at the New York Marriott Marquis in Times Square. Don’t miss the opportunity to earn valuable continuing education (CE) credits and hear from some of the industry’s leading experts. Sessions and speakers include:

    • Lies My Finance Professor Told Me | Andrew Lo, PhD, MIT Sloan School of Management
    • The Start of a New Cycle in Real Estate? | Ian Goltra, Forward
    • Trends in Institutional Asset Allocation—What Advisors Can Learn from Institutions | Ben Rotenberg, CFA®, Cliffwater LLC

    Click here for additional conference details and to register now. LinkedInFacebookTwitterEmail this Story
  • New Certificant Search Function Provides Greater Transparency
    IMCA recently upgraded its certificant search function to provide additional details about professionals who hold IMCA’s CIMA®, CPWA®, and CIMC® certifications. Individual search results now include information about any public disciplinary history, providing greater transparency for clients and anyone seeking a certified professional.

    Click here to see the new webpage and search for certified professionals. LinkedInFacebookTwitterEmail this Story
  • 2013 Best of IMCA Sponsorship Available
    Is your firm looking to reach top financial professionals in a high-visibility setting? The 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, and 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
Learn more about IMCA ->Join | Newsroom | Exhibit/Sponsor
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  Wealth Management 
  • New considerations for estate planning
    The American Tax Relief Act of 2012 surprised many by making the $5 million exemption estate tax permanent, as well as inflation-adjusted and portable. This measure, plus the higher tax rate for high-net worth individuals, means more opportunities and issues in estate planning. (1/7) LinkedInFacebookTwitterEmail this Story
  • Hedge funds' commodities holdings begin '13 at '12 start level
    While commodity markets were rather volatile in 2012, particularly crude oil, they ended up pretty close to where they were at the beginning of 2012. All long contracts in U.S. commodity futures classified as "managed money" stood at $70.4 billion on Jan. 1. Whereas on Jan. 3, 2012, they were at $66.8 billion, according to Commodity Futures Trading Commission figures that Reuters compiled and calculated. Reuters (1/4) LinkedInFacebookTwitterEmail this Story
  Industry Updates & Trends 
  • How estate-tax changes will affect life insurance sales
    Had lawmakers failed to reach a "fiscal cliff" solution, the estate-tax exemption would have reset to a lower threshold and the tax rate would have jumped, giving agents and advisers selling life insurance a new sales strategy. While that didn't happen, life insurance remains a good investment, some say. "Estate planning isn't estate-tax planning," says Jim Swink of Raymond James Insurance Group. InvestmentNews (free registration) (1/3) LinkedInFacebookTwitterEmail this Story
  • HSBC bets on smaller branches
    HSBC has reduced its number of branches in the New York area and is building smaller branches elsewhere. Officials say mobile banking eliminates the need for expensive large branches. In addition, as HSBC focuses on its wealth-management business, "personalized relationship managers" call on wealthier customers at home or in their offices. (free registration) (1/3) LinkedInFacebookTwitterEmail this Story
  Practice Management 
  • An adviser's guide to navigating social media pitfalls
    Social-media marketing offers opportunities for financial advisers and challenges as well, writes Amy McIlwain, president of Financial Social Media. For every challenge, there is an appropriate response, such as taking the high road with negative comments, while monitoring for compliance issues. "If somebody violates a compliance policy, the post must be removed," she writes. Explain publicly why the comment was removed. InvestmentNews (free registration) (1/9) LinkedInFacebookTwitterEmail this Story
  • More steps an adviser must take to secure client information
    Client information and client asset integrity have become topics in regulatory exams, writes Tom Giachetti, chairman of the Securities Practice Group at Stark & Stark. Exam questions are presenting scenarios in which an adviser shares offices with unrelated individuals or entities, and situations in which vendors may have access to client information. Confidentiality agreements are key in these circumstances, Giachetti writes, including with outside parties such as landlords. AdvisorOne (1/1) LinkedInFacebookTwitterEmail this Story
  Regulatory & Legislative Spotlight 
  • "Fiscal cliff" deal leaves advisers cold
    Financial advisers don't share stock traders' enthusiasm about Congress' compromise to avert the U.S. "fiscal cliff," according to a survey by InvestmentNews. More than three-quarters of respondents said they don't think the deal will bring about long-term change in government spending, reduce the national debt or lead to tax reform. InvestmentNews (free registration) (1/3) LinkedInFacebookTwitterEmail this Story
Never get so fascinated by the extraordinary that you forget the ordinary."
--Magdalen Nabb,
British author

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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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