Department of Labor, SIFMA CEO, to headline IMCA Focus on Fiduciary Event

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Washington gathering designed to provide balanced education on evolving fiduciary rules

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We strive to ensure quality service to the public through high standards and best practices for the investment and wealth management disciplines. This unique event helps accomplish this objective.

More than 2,600 comment letters were filed as of yesterday on the Department of Labor’s proposed conflicts of interest (fiduciary) rule. The polarizing issues surrounding conflicted investment advice continue to dominate the advisory industry’s collective consciousness more than five years into the pension advice debate. Investment Management Consultants Association® (IMCA®) is bringing a fresh perspective on this hot-button issue: The IMCA 2015 Focus on Fiduciary event, slated for September 29 at the National Press Club, will feature expert speakers and relevant topics including:

  •     Timothy D. Hauser, deputy assistant secretary for program operations of the Employee Benefits Security Administration and the chief operating officer of the agency, who joined the Department of Labor in 1991.
  •     Kenneth Bentsen, president and chief executive officer of the Securities Industry and Financial Markets Association (SIFMA), examining the champions, critics, and consequences of a new fiduciary standard.
  •     A crossfire panel featuring the Investment Company Institute, AARP, and other industry and consumer advocates debating key issues.

“At IMCA, we pride ourselves on providing balanced, pure education that gives advisors important policy information they need to provide superior service and expert advice to their clients,” said Sean R. Walters, CAE, IMCA’s executive director and CEO, who will co-present an ethics session at the event alongside IMCA’s board chair, John Nersesian, CIMA®, CPWA®, CIS, CFP®. “While fiduciary regulation continues to take shape, we look forward to hearing from key government officials, consumer advocates, and a host of experts on this critical topic. We strive to ensure quality service to the public through high standards and best practices for the investment and wealth management disciplines. This unique event helps to accomplish this objective.”

Focus on Education and Ethics

As an education and credentialing organization, IMCA refrains from specific advocacy work on any particular legislative or regulatory position. While IMCA has not taken a regulatory position in the fiduciary debate, all IMCA members must adhere to IMCA’s Code of Professional Responsibility, which includes standards that require them to act in clients’ best interest and put client needs first. IMCA’s Code and supporting standards are being updated and the updated versions are slated for release in late 2015 or early 2016. Click here for IMCA’s statements of position about the Department of Labor Conflicts of Interest rule.

In addition, IMCA’s recently published July/August issue of Investments & Wealth Monitor features a deep dive into the topic of ethics and fiduciary standards. Click here to read it.

Advisors interested in learning more and registering to attend the IMCA 2015 Focus on Fiduciary event should visit the event website. Journalists interested in covering the event should contact: Ryan Hoffman, Communications Director. P: 303.850.3079. Email: Twitter: @IMCA.

About IMCA

Established in 1985, Investment Management Consultants Association® (IMCA®) is a nonprofit professional association and credentialing organization with more than 10,000 individual members and certificants worldwide. IMCA members collectively manage more than $2.477 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 2014, IMCA conferences and workshops hosted nearly 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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Ryan Hoffman
Investment Management Consultants Association
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