Demographic trends and generational differences are redefining today’s financial services industry and advisors should update their practices to incorporate younger clients and advisors, according to a new IMCA® publication.
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New IMCA publication focuses on next generation clients
July/August Investments & Wealth Monitor highlights need to understand and serve post-boomer generations
Denver—August 4, 2016—Demographic trends and generational differences are redefining today’s financial services industry and advisors should update their practices to incorporate younger clients and advisors, according to a new IMCA® publication. The July/August Investments & Wealth Monitor, IMCA’s bimonthly educational magazine written by award-winning authors, provides expert thinking on serving and working with post-boomer generations. The publication includes a special section on regulatory topics—the Department of Labor fiduciary rule and the impact of money market fund regulations—and an article on student debt written by two high school students.
David Koulish, CPWA®, CFP®, chair of the Investments & Wealth Monitor Editorial Advisory Board, cites an aging advisor population combined with fewer younger advisors as a transformational trend driving the focus on the next generation. “So just as retiring baby boomers are driving up the demand for additional advisors, retiring baby-boomer advisors are creating a shortage—a shortage that is being exaggerated by a dearth of younger advisors entering the business,” Koulish writes in the editor’s note.
Articles and authors include:
Established in 1985, Investment Management Consultants Association® (IMCA®) is a nonprofit professional association and credentialing organization with more than 10,700 individual members and certificants worldwide. IMCA’s mission is to deliver premier investment and wealth management credentials and world-class education. Since 1988, IMCA has offered the Certified Investment Management Analyst® (CIMA®) certification, which is accredited by the American National Standards Institute (ANSI), 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, online education and regional seminars hosted more than 4,500 attendees.
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