IMCA Members’ Views and New Demographics Revealed in Annual Survey

Share Article

Online education growing, high-net-worth clients demanding impact investing, more independent advisors belong to IMCA

News Image
We are pleased to report these findings and learn that our members are highly satisfied with our educational offerings and services.

Investment Management Consultants Association® (IMCA®) announced today the results of its 2016 member trends survey. Findings reveal IMCA members’ attitudes on timely industry issues such as demand for impact investing, views on the value of IMCA products and services, and new demographic information. Key findings include:

  •     Product and service satisfaction.

o    IMCA’s net promoter score—the measure of how much customers value a product or service based on their likelihood of promoting it to peers—matched last year’s
peak of 39.
o    69 percent of members (up from 59 percent in 2015) described IMCA conferences as “better” or “much better” than other conferences they’ve attended.
o    92 percent of members who interacted with IMCA staff within the past year reported being very satisfied or satisfied with their experience.

  •     Impact investing growth.

o    More than 30 percent of IMCA members said high-net-worth clients represent the demographic mostly driving demand for impact investing in their practice; 20 percent cited millennial clients as driving the most demand.
o    16 percent said female clients are driving the most demand for impact investing.

  •     Gradual shift to online education.

o    51 percent of IMCA members report using IMCA online continuing education offerings in the past year, compared to only 37 percent last year.
o    41 percent cited “Best of IMCA” video packages of the best IMCA conference sessions throughout the year as the most valuable new benefit for members.

  •     Demographics.

o    For the first time, more IMCA members (35 percent) identify themselves as independent (RIA, IBD, or both) than those who report working as an employee of a national or regional broker−dealer (30 percent).
o    64 percent describe their job responsibilities as “advisor or consultant.”
o    42 percent of IMCA members have at least some institutional clients; 71 percent say they serve individuals or families.
o    70 percent of IMCA members hold CIMA certification; 21 percent hold CFP certification.

“We are pleased to report these findings and learn that our members are highly satisfied with our educational offerings and services,” said Sean R. Walters, CAE, IMCA’s executive director and CEO. “We believe that advisors will continue to gravitate toward online continuing education. As always, we will regularly adapt our conference and education strategy accordingly to ensure we consistently meet our members’ needs while attracting advanced investment and wealth professionals who may not yet have discovered IMCA.”

In February, IMCA announced several initiatives designed to enhance the conference experience for attendees, including hybrid (live-online) content delivery and a money-back guarantee. More than 1,200 IMCA members are expected to convene next month for the IMCA 2016 Annual Conference Experience—ACE, April 17−20 in Orlando. IMCA recently finalized the conference speaker lineup of seven general sessions and more than 50 super sessions and workshops. Journalists interested in covering the conference should contact: Ryan Hoffman, Communications Director. P: 303.850.3079 E-mail: rhoffman(at)imca(dot)org. Twitter:@IMCA. Conference hashtag: #IMCA16.

Survey findings are based on 421 responses by IMCA members in January and February 2016.

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 2015, 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.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Ryan Hoffman
Investment Management Consultants Association
Like >
Visit website