IDEAS
IMCA delivers a twice-monthly electronic newsletter to all IMCA members. IMCA news, conference and designation alerts, and membership information all are summarized for your convenience. Below you will find headlines from the current issue and links to past issues of IMCA's eNews. Click here to view the current issue online.
Accounting proposal will smack actively managed funds, critics say
By Jessica Toonkel
New accounting standards proposed by the Financial Accounting Standards Board could give index funds a substantial advantage over actively managed funds, experts said.
FASB put out the proposal — which would force investment management companies to list their trading costs as expenses — for comment earlier this year. Currently, investment management companies record these costs as a loss on their investments on their statements of operations. The proposed change, however, would require funds to include transaction costs in their expense ratios. Investors often choose funds based on these charges. Continue reading…
Why is Wall Street like a church? Buffett supplies answer
By Bloomberg News
Wall Street “does a lot of good things and then it’s got this casino,” Buffett said today at Fortune magazine’s Most Powerful Women conference in Washington. “It’s like a church that runs a raffle on the weekend.”
Buffett relies on investment banks to help finance acquisitions such as his $27 billion purchase of railroad Burlington Northern Santa Fe and to offer derivative contracts that allow him to speculate on the stock market. Omaha, Nebraska-based Berkshire invested $5 billion in Goldman Sachs Group Inc. in 2008 at the depths of the credit crisis. Buffett has also faulted Wall Street for excessive bets on U.S. housing. Continue Reading...
'Mispriced' munis a big hit overseas
By Bloomberg News
Illinois capital-markets director John Sinsheimer and Citigroup Inc. bankers took a globe-girdling trip from the U.K. to China in June to persuade investors that the state's $900 million of Build America Bonds were a bargain. Originally published October 5, 2010. Displayed with Permission of InvestmentNews. Copyright Crain Communications Inc.
The seven-country visit worked. The state sold one-fifth of the federally subsidized securities abroad the next month, tapping investors who are the fastest-growing source of borrowed cash for U.S. municipalities. Illinois, with the lowest credit rating of any state from Moody's Investors Service, dangled yields higher than Mexico, which defaulted on debt in 1982, and Portugal, which costs more to insure against missed payments. Continue Reading...
eNews Archives - past issues
September 21, 2010--News, Education, & Resources for Investment Advisors & Wealth Managers
August 31, 2010--Top-Level Results Reveal Interesting Trends in 2010 IMCA Membership Profile
August 17, 2010--IMCA Practice Management Conference Now Open
August 3, 2010--Next CPWA Program Deadline Extended to Sept 2
July 22, 2010--Do not miss the CPWA(R) enrollment deadline!
July 7, 2010--Win a Free Registration for the IMCA 2011 Annual Conference in Las Vegas!
June 23, 2010--Advanced Wealth Management Conference Registration Now Open!
June 10, 2010--Don't Miss the Best of Wharton. Early-Bird Deadline Ends Next Week!
May 25, 2010--IMCA 2010 Annual Conference Makes Headlines
May 5, 2010--Advisors Should Consider Impact of Client Behavior
April 21, 2010--Learn Risk Management Strategies for Any Market Condition
April 7, 2010--IMCA Annual Conference Early-Bird Registration Deadline Fast Approaching
March 16, 2010--Don't Miss this Week's Broadcast on Ethical Decision-Making
March 2, 2010--Revamped Member Benefit Provides Access to Premier Content
February 17, 2010--Advanced CIMA Workshop Now Open for Registration
February 2, 2010--Serve your Clients at the Next Level with the CPWA Designation
January 19, 2010--New York Consultants Conference Makes Headlines
January 5, 2010--Transaction Tax Would Take Big Bite Out of Fund Returns
December 15, 2009--Register Now for CE Opportunities Throughout 2010
December 2, 2009--IMCA Announces New Board Leadership
November 18, 2009--A Rosy Quarter for Assets Under Management
November 3, 2009--Update on the Investor Protection Act of 2009
October 21, 2009--Finra Goes After Trading Tax Dodges
October 6, 2009--Fall Professional Development Conference Makes Headlines
September 15, 2009--Learn How Regulatory Reform Efforts May Impact You
September 1, 2009--CIMA Certification Featured in New York Times
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eNews Archives - past issues
eNews Archives - past issues----
