IMCA Membership Surpasses 9,000 As More Independent Advisors Join, Seek Certification

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2013 member profile shows IMCA members manage more assets, serve higher-net-worth clients than other advisors.

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With steady membership growth, strong event attendance, and continued interest in IMCA and our programs, we are a very healthy organization dedicated to delivering premier credentials and world-class education.

Investment Management Consultants Association® (IMCA®) announced today that its membership has exceeded 9,000, an increase fueled in part by more independent financial advisors joining the association and earning IMCA certifications. IMCA’s 2013 member profile, produced in collaboration with Cerulli Associates, outlines in-depth membership demographic information, including:

  •     IMCA’s members collectively manage more than $1.9 trillion.
  •     37 percent of IMCA advisor members work at national wirehouses.
  •     29 percent of IMCA advisor members are independent advisors: 14 percent registered investment advisors, 12 percent independent broker–dealers, and 3 percent dually registered.
  •     IMCA members’ average assets under management is $327 million—nearly nine times the industry average of $37 million.
  •     80 percent of IMCA members have more than 10 years of experience; 38 percent have more than 20 years of experience.
  •     More than 90 percent of IMCA members provide fee-only or fee-based advice.
  •     Nearly 75 percent of IMCA members work as part of a team/ensemble practice.

“With steady membership growth, strong event attendance, and continued interest in IMCA and our programs, we are a very healthy organization dedicated to delivering premier credentials and world-class education,” said IMCA Board Chair Elizabeth Piper/Bach, JD, CIMA®, CFP®, CTFA. “We are pleased to see individuals from all industry channels joining IMCA, and we are committed to helping our members deliver valuable services to clients in today’s changing world of investment advice and wealth management.”

Click here for IMCA’s 2013 member profile.

Membership growth has translated to IMCA events as well. Three of IMCA’s four major events the first half of the year served capacity audiences. The IMCA 2013 Annual Conference hosted more than 1,500 attendees in Seattle, April 28–May 1, and three other events drew capacity crowds: IMCA’s 2013 New York Consultants Conference, held in February, sold out for the first time since 2009 with 900 attendees; the IMCA Advanced Investment Strategist Certificate in Portfolio Risk Management program in Seattle in April provided high-level continuing education to a capacity cohort of 100 advisors; and the IMCA 2013 Summer Institute, Powered by Wharton Executive Education, July 15–16 in Philadelphia, reached capacity in record time.

Visit http://www.IMCA.org for more information.

About IMCA

Established in 1985, IMCA is a nonprofit professional association and credentialing organization with more than 9,000 individual members. IMCA members collectively manage more than $1.9 trillion, 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 approximately 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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