SEC expected to propose overhauling 12(b)-1s
By Jessica Toonkel
The Securities and Exchange Commission on Wednesday is expected to propose revamping the structure of 12(b)-1 fees ... Learn more.

Jeremy Grantham: Recommendations for the upcoming period of deflation
By Jeremy Grantham
Well, I, for one, am more or less willing to throw in the towel on behalf of Inflation ... Learn more.

Finra may expand oversight to all financial advisers
Dodd-Frank law could lead to SEC handoff
By Jed Horowitz
Finra, whose rules-based approach to oversight of brokers is anathema to many fee-based financial advisers, could expand its jurisdiction to all advisers as a result of the new financial-regulatory-reform legislation ... Learn more.

Grow Your High-Net-Worth Clientele
Effectively dealing with financial and behavioral issues of the high-net-worth client is becoming more and more complex. From uncertainty in estate-planning taxation to leading thinking on the behaviors of the wealthy, advisors need to approach this market very differently from the mass affluent. The Certified Private Wealth Advisor^SM (CPWA^®) program was conceived and built by leading peers, educators, and practitioners to provide the sophisticated knowledge base needed to succeed in this challenging environment.

The next opportunity to begin earning the prestigious Certified Private Wealth Advisor credential closes August 6. SIGN UP NOW TO MEET THE REQUIREMENTS FOR THE MARCH 2011 CLASSES. Don’t miss out on an incredible learning opportunity and a way to raise your profile with high-net-worth clients.

Toward the end of each year, advisors should discuss reducing taxes on gains with clients. The tax advantages of setting gains against losses can be enormous as long as you follow all the rules and implement some tax-savvy strategies. This presentation will discuss the pros and cons of and strategies for tax-loss harvesting in today’s economic environment. Click here for more information and to register.
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Build a Team of Experts
IMCA has developed a certificate program specifically designed for financial services professionals AND support staff who wish to enhance their fundamental knowledge of core topics related to the investment consulting process. The program includes the mathematics of managing money and building portfolios; understanding the types of investments; selecting managers; measuring performance and monitoring results; and how to set and implement investment strategies using investment policy statements as a guide. This program is a great first step toward the CIMA credential for consultants and advisors or an excellent training program for support staff within your team. The IMCA Essentials of Investment Consulting Certificate Program learning platform incorporates a comprehensive set of educational content and self-evaluation tools into an online, self-study environment. There are 12 learning modules organized within an online learning center, with each module offering the following:

• Required reading assignments available as online PDF articles, followed by a reading “checkpoint” designed to give learners a quick way to assess that they have captured the essential concepts within each module.
• An expert review of the key learning objectives within some modules, presented by industry leaders as a streaming or downloadable audio file with PowerPoint slides.
• An application assignment (to be used as a self-assessment tool).
• Ask-the-expert, real-time assistance is available for students.

IMCA 2010 Advanced Wealth Management Conference
Conference Dates: November 8–9, 2010
Early-bird registration deadline is October 8!
CE Credit: Approximately 12 hours, including one ethics hour

The leading conference for advanced wealth management techniques and networking is now open for registration.

Program Highlights
IMCA’s 2010 Advanced Wealth Management Conference features presentations by economist Peter Ricchiuti, Washington guru Andrew Friedman, Harvard University’s Charles Collier, attorney and estate planning expert James M. Duggan, Schwab’s Liz Ann Sonders, Santa Clara University’s behavioral finance pioneer Hersh Shefrin, PhD, and more. Technical sessions will explore alternative investments, asset allocation, asset protection, family offices, and executive compensation. This is the premier advanced wealth management education opportunity this year and space is limited.

Click here for more conference information and to register.
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SAVE THE DATE!

IMCA 2010 Practice Management Conference
Conference Dates: December 5–7, 2010
Registration opens next month!
CE Credit: Approximately 13 hours, including one ethics hour

IMCA-style practice management education for the investment management consultant and the private wealth advisor is different—targeted, practical, and aimed at building the kind of clientele IMCA members want. Make sure to save the date so that you don’t miss the best conference for building your business.

Member Benefits
IMCA members recently received their first legislative intelligence alert analyzing the impact of the recent financial services reform legislation when it was sent to President Obama for his signature. IMCA will be providing this service on an ongoing basis as a new member benefit. IMCA’s Board of Directors authorized the hiring this month of a top Washington DC law firm to provide legislative and public affairs intelligence and analysis to our members. The firm’s charge is to provide IMCA members with the latest legislative and regulatory analysis on actions affecting investment consultants, financial advisors, and other key IMCA constituencies. The firm providing this intelligence is Morgan Lewis, one of the top firms in the United States. Morgan Lewis represents more than half of the Fortune^® 100 firms and is widely known for its capabilities in Washington DC. It is important for members to know that IMCA, as an education and credentialing organization, does not lobby legislators or regulators nor advocate for any particular legislative or regulatory position either on its own or through its relationship with Morgan Lewis. This service is strictly informational and educational. Click here to access the most recent legislative intelligence alert.
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Model RFPs and Questionnaires Available to IMCA Members
Three Model Request for Proposals (Model RFPs)—one each for equity investments, fixed income investments, and real estate investments—are available to help IMCA members streamline and improve their processes for selecting money managers. IMCA members can access electronic versions of the Model RFPs, in addition to the Investment Manager Questionnaire and Hedge Fund of Funds Questionnaire, in the "Membership" area of "My IMCA."
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Time Running Out to Sign Up for Roubini.com
IMCA is offering members a limited number of 2010 trial subscriptions to Roubini Global Economics’ Web site, Roubini.com. The premium subscription provides you with access to a warehouse of information on the global economy in the form of critical issues and briefings, as well as regular analysis and strategy outlooks each month. Learn more about Roubini.com by downloading this brochure. IMCA will provide this limited member benefit on a first-come, first-served basis. To take advantage of this benefit, please e-mail info@imca.org with a note in the subject line that reads, “Roubini.com subscription”.
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A Reminder Regarding Certification Renewal Requirements
There are three requirements to renew the CIMA^®/CIMC^® or CPWA^® license: complete and report a minimum of 40 hours of continuing education (CE) credit during the two-year certification renewal period; pay a certification renewal fee; and sign and submit a disclosure statement. For complete details regarding CIMA/CIMC certification renewal requirements, click here. For more information regarding CPWA designation renewal requirements, click here.
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Need CE? Take the Quiz in Investments & Wealth Monitor
IMCA has published a continuing education (CE) quiz worth one hour of CIMA^®, CIMC^®, and CPWA^® IMCA-sponsored CE credit in the May/June 2010 issue of Investments & Wealth Monitor. Visit IMCA's Web site to learn more and to purchase the quiz or any past quizzes.