IMCA’s Journal of Investment Consulting Goes In-Depth with Nobel Winner Robert C. Merton, PhD; “Master Series” Interview Provides a Revealing Look at Merton’s Career

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“Master Series” interview provides a revealing look at Merton’s career and major issues facing investment managers and the pension and retirement industries.

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The articles in this Journal of Investment Consulting will force readers to consider changes in the way they view investing, and the important interaction between theory and practice.

Goals-based investing and greater customization through the use of big data are among the innovations that will drive new solutions throughout the investment consulting industry, according to a newly published interview with Nobel Laureate Robert C. Merton, PhD.

The interview, in the recently published issue of the Investment Management Consultants Association® (IMCA®) Journal of Investment Consulting, highlights the accomplishments and challenges that have shaped Dr. Merton’s distinguished career, the changing environment for defined benefit and defined contribution plans, and major issues facing the industry in coming years. The interview is part of the Journal’s “Masters Series,” which presents topical discussions with leading experts and visionaries in finance, economics, and investing.

Of his many breakthrough accomplishments, Dr. Merton expanded a new theory for options pricing into a fundamental valuation tool that became the standard in financial markets around the world, coining the term “the Black-Scholes model,” according to the Journal interview. Together with the originators of the theory, Fischer Black and Myron S. Scholes, he laid the foundation that made possible the growth of the derivatives markets and provided the basis for the creation of new types of financial instruments and development of economic valuation across other areas.

In 1997, Dr. Merton’s work was recognized, along with that of Myron Scholes, with the Nobel Memorial Prize in Economic Sciences, which cited their pioneering work and its impact on efficient risk management. Read the Journal of Investment Consulting interview and other articles by clicking here.

“The articles in this Journal of Investment Consulting will force readers to consider changes in the way they view investing, and the important interaction between theory and practice,” said Margaret M. Towle, PhD, CPWA®, and editor-in-chief of the Journal of Investment Consulting. “IMCA’s focus on serving as an organization of change is reflected in the content, which is comprised of in-depth research useful to anyone who provides investment advice or wealth management services.”    

The IMCA 2013 Annual Conference, April 28–May 1, will be the largest association gathering of investment advisors and private wealth management professionals in the United States. The conference, which includes 100 percent peer-reviewed educational content, is among the highest rated in the financial services industry and is attracting strong registration numbers. For more information, click here for the conference brochure. Or, visit http://www.IMCAAnnualConference.org for more conference details, including speaker bios, session descriptions, and hotel and travel information.

About IMCA
Established in 1985, IMCA is a nonprofit professional association and credentialing organization with more than 8,800 individual members. IMCA members collectively manage more than $1.6 trillion on behalf of 1.3 million clients, providing investment consulting and wealth management services to individual and institutional clients. Since 1988, IMCA has offered the Certified Investment Management Analyst® (CIMA®) certification, which earned accreditation by the American National Standards Institute (ANSI) in April 2011, making it the first financial services credential in the United States to meet international standards (ISO 17024) for personnel certification. IMCA’s Certified Private Wealth Advisor® (CPWA®) certification is suited for wealth management professionals working with high-net-worth clients. In 2012, IMCA conferences and workshops hosted more than 4,000 attendees.

IMCA® and Investment Management Consultants Association® are registered trademarks of Investment Management Consultants Association Inc. CIMA®, Certified Investment Management Analyst®, CIMC®, CPWA®, and Certified Private Wealth Advisor® are registered certification marks of Investment Management Consultants Association Inc. Investment Management Consultants Association Inc. does not discriminate in educational opportunities or practices on the basis of race, color, religion, gender, national origin, age, disability, or any other characteristic protected by law.

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