Accounting proposal will smack actively managed funds, critics say
By Jessica Toonkel
Bookkeeping change seen raising expense ratios for AMFs, tilting field in favor of index funds... Learn more.

Why is Wall Street like a church? Buffett supplies answer
By Bloomberg News
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said Wall Street is like a church that benefits society, then falters by operating a gambling venture on the side... Learn more.

'Mispriced' munis a big hit overseas
By Bloomberg News
High-yielding debt from U.S. states, cities drawing plenty of interest from international investors... Learn more.

Registration for New York Consultants Conference Now Open
IMCA 2011 New York Consultants Conference
Conference Dates: February 7–8, 2011
CE Credit*: Approximately 13 hours, including one ethics hour
Program Highlights
IMCA’s 2011 New York Consultants Conference is now open for registration, The 2011 conference features some of the biggest names in the financial industry today. David Gergen, CNN political analyst and former presidential advisor, will offer his perspective on leadership in America. Legg Mason’s Michael Mauboussin will discuss the hot topic of behavioral finance, and former Comptroller General of the United States and head of the U.S. Government Accountability Office, David Walker, will offer his views on the current state of fiscal responsibility in the United States.
View more information and register online now or download a hardcopy registration form.

Attend the Premier High-Net-Worth Conference
IMCA 2010 Advanced Wealth Management Conference
Save $100 on your registration. Early-bird registration deadline is this
Friday, October 8!
Conference Dates: November 8–9, 2010
CE Credit*: Approximately 12 hours, including one ethics hour. An additional 3.5 hours of IMCA-sponsored CE will be available by attending the post-conference workshop on Tuesday, November 9.
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, as always, space is limited so register today.
View more information and register online now or download a hardcopy registration form.

Practice Management Conference | Improve Your Practice with New Skills and Strategies
IMCA 2010 Practice Management Conference
Early-bird registration deadline is November 5!
Conference Dates: December 5–7, 2010
CE Credit*: Approximately 13 hours, including one ethics hour. An additional 3 hours of IMCA-sponsored CE will be available by attending the post-conference workshop on Tuesday, December 7.
Program Highlights
IMCA’s Practice Management Conference enrollment opened on August 17, 2010. This year’s conference features skills and strategies you can take home and immediately implement to improve your practice. Highlights include a capital market outlook from LPL’s chief market strategist Jeffrey Kleintop, branding with Nuveen’s Kevin Rochford, communication skills with John Daly, PhD, from the University of Texas, analyzing your productivity and profitability with Stephanie Bogan of Quantivus Consulting, and capitalizing on secular stock market cycles from Ed Easterling of Crestmont Research.
Plus, don’t miss the post-conference workshop with Franck Schuurmans on blue ocean strategy.  This hands-on workshop will help you decide how you should compete to most effectively contribute to your bottom line.
View more information and register online now or download a hardcopy registration form.

Webinar on CIMA Certification Tomorrow!
Considering the CIMA^®: How to Apply for Certification and Study for the Qualification Examination
Presented by IMCA with Lara Davies, Director of Industry Relations, and Kate Hendrickson, Communications Support Specialist
Presented Thursday, October 7, 2010 – 4 PM ET
CE Credit: This presentation is informational and not approved for IMCA CE credit.
IMCA will provide a complimentary 30-minute overview of the benefits of CIMA certification, the ins and outs of the application process, and the resources available to study for the CIMA Qualification Examination (QE). Participants will be able to ask questions throughout the webinar, and any questions that are not addressed during the presentation will be answered via e-mail afterwards. Topics will include:
- Print and online study materials available through IMCA
- Recommended college-level texts to review
- Independent  review providers
Register for this free 30-minute presentation now, and include “October 7 webinar registration” in the subject line of your e-mail.

Upcoming  Live Audio Broadcast
ESG Mainstream Resource for Fixed Income Managers 
Presented by James McCarthy, Phoenix Global Capital Management and Ronald J. Ryan, CFA^®
Presented Thursday, October 21, 2010 – 4:15 PM ET
Registration deadline for live broadcast is 4 PM ET, October 21
CE Credit: One hour
Ronald Ryan, CFA^®, and James McCarthy will discuss bringing environment, social, and governance (ESG) strategies into fixed income investment and incorporating ESG risk management into the investment process. This presentation will include the effects of ESG on U.S. domestic and global bonds as well as new index rules that enhance the investibility of ESG indexes.
Register for this audio broadcast now.

* Subject to change, which may affect the number of hours delivered

IMCA Seeks Nominations for 2011 Award
IMCA currently is seeking nominations for the 2011 Richard J. Davis Ethics Award. The Richard J. Davis Ethics Award honors the author(s) of an article that has made a significant contribution to advancing the understanding and knowledge of investment management consulting and/or private wealth management in the area of ethics, and/or the fiduciary, legal, or regulatory issues that affect these professional practices. The award will be presented at the IMCA 2011 Annual Conference, May 16–18, 2011, in Las Vegas. Nominations should include the citation information for the article and the article must have been published in 2010. Submit nominations no later than December 15, 2010, to Debbie Nochlin. View more information about IMCA’s awards now.

Don’t Miss Journal of Investment Consulting Masters Series
Watch your mailbox for the 2010 issue of the Journal of Investment Consulting. The issue features an exclusive interview with Nobel Laureate Myron S. Scholes, PhD. The interview with Dr. Scholes is the ninth installment of the Journal’s Masters Series, which presents topical discussions with leading experts and visionaries in finance, economics, and investments. Academic article topics include the role of REITS in long-term wealth accumulation, an examination of the conventional model for alpha and beta, the performance of micro-cap mutual funds against a benchmark, incorporating a client’s art holdings when making wealth management decisions, and how the cultural attitudes of immigrant Chinese-Americans and their descendants affect their financial attitudes. To browse past Journal of Investment Consulting articles, click here.

Highlight Your Value with CIMA, and Now, CPWA^® Brochures
Let your clients and prospects know why they should work with a CIMA or CPWA professional.
Both designations show your clients that you are experienced, ethical, educated, objective, and trustworthy. Every financial advisor who has earned the CIMA or CPWA designation has extensive experience in the financial services industry and has completed a demanding educational program with a comprehensive examination as the final step in receiving the designation. To maintain the CIMA and CPWA designations, financial advisors must continually adhere to a rigorous Code of Professional Responsibility and complete 40 hours of continuing education every two years.
But what does this rigorous designation mean to prospects and clients?
It means that they’re working with someone who is the best in their field—and will remain the best.
To help you educate customers and prospects, IMCA makes available high-quality brochures in packs of 25.  The CIMA client brochure answers the question “Why Work with a CIMA Professional” and the CPWA brochure entitled “CPWA: Your Financial Future Is Important” has just been released. Download a sample brochure and order CIMA client brochures or CPWA brochures now.

New Member Benefit | IMCA Insight to Replace eNews
IMCA recently partnered with Smart Brief, a provider of industry-related e-newsletters, to offer a new bi-weekly newsletter entitled IMCA Insight. IMCA Insight will cover the latest updates and trends in investment consulting and wealth management as well as IMCA news. Tentatively set to launch on October 19, IMCA Insight will replace IMCA eNews. Watch your e-mail box; this new member benefit will be arriving soon.

Looking to Connect with Your Peers?
IMCA's LinkedIn group offers an online community to share best practices, discuss current issues, post jobs, and network. The group is open only to IMCA members and currently is home to more than 1,000 of your peers. Join your peers on LinkedIn now.