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.

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U.S. Wealth Managers Go Global
Report confirms growing number of rich in emerging markets
Merrill Lynch is leading the charge as top U.S. wealth managers increasingly seek to grow their businesses by expanding overseas. That trend was underscored last week when the much anticipated Capgemini World Wealth Report drew attention to the surging number of individuals with more than $1 million in investible assets who live in countries outside the United States, particularly in emerging markets. India, China, and Brazil saw the fastest percentage growth of wealth, according to the report, which is published annually by Paris-based Capgemini and New York-based Merrill Lynch & Co. Inc. Continue reading…

Yes, the Rich Are Different—Especially the New Ones
They demand services, and are more active in family offices
The newly affluent—individuals who find themselves acquiring considerable wealth for the first time—are dealing with their newfound riches very differently from previous generations, especially those who inherited wealth, according to wealth management and family office professionals. The new rich tend to demand constant attention, a variety of services, more active involvement in family office affairs and, in some cases, are impatient, according to Dale Veitch, a managing member of Lexington Family Office Services LLC of Daytona Beach, Fla. Continue reading…

Mutual Funds Face Competition from ETFs, Vas, and Others
Alternatives boasted more total launches in 2007, report shows
The combined total launches last year of exchange traded funds, variable annuities, and closed-end funds surpassed open-end mutual fund launches for the first time, according to Boston-based research firm Cerulli Associates Inc. Of the 820 fund launches in 2007, 47.2% were open-end mutual funds. That share fell behind the combined total of ETFs, with 34.8% of new launches, variable annuity products, with 13.2%, and closed-end funds, with 4.9%. Continue reading…

Originally published June 30, 2008. Displayed with Permission of InvestmentNews. Copyright Crain Communications Inc.

eNews Archives - past issues

June 17--Gain Advanced Expertise in the Life Cycle of Wealth with CPWA^SM Designation
June 3--Earn 20 CE Hours at the FPDC in Beautiful Denver
May 13--Promote Your CIMA^® Designation with IMCA's New Consumer Brochure
April 29--Share Your Thoughts for a Chance to Win Membership Renewal
April 16--Early-Bird for Spring Conference Ends This Week
April 1--Give Your Time to the Profession and Earn 12 CE Credits
March 18--IMCA Announces 2008 Lunch and Learn Program in Vancouver
March 4--Gain Real-life Experience with Endowments and Foundations
February 19--Performance Reporting Standards Provide Guidance
February 5--Win Registration for Spring Professional Development Conference
January 22--IMCA Launches New Web Site; Seeks Volunteers for Speakers Bureau
January 9--New Design. New Content. New Web Site.