Investment Management Consultants Association (IMCA)

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on November 29, 2023

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Definition of Investment Management Consultants Association (IMCA)

The Investment Management Consultants Association (IMCA) is a professional organization that aims to elevate the standards and practices of investment management consultants through a combination of education, certification, and networking opportunities.

IMCA's primary objective is to promote knowledge, ethical conduct, and professionalism among its members, fostering industry growth and credibility.

Purpose and Mission of IMCA

IMCA's mission is to provide investment management consultants with the necessary resources, guidance, and support to enhance their skills and competencies. It aims to ensure that its members deliver exceptional value to their clients while adhering to the highest ethical standards.

Historical Background

Founded in 1985, IMCA has grown into a well-respected organization within the financial services industry.

Its commitment to education, certification, and advocacy has attracted professionals worldwide, solidifying its reputation as a premier association for investment management consultants.

Membership in IMCA

Types of Membership in IMCA

Types of Members

Individual Members

Individual membership is open to professionals who work within the investment management industry or related fields.

It provides members with access to educational resources, networking opportunities, and industry recognition.

Corporate Members

Corporate membership is designed for organizations that operate within the investment management industry. It offers benefits for the entire organization, including discounted conference attendance, certification opportunities, and access to exclusive resources.

Benefits of Membership

Educational Resources

Members gain access to a wealth of resources, such as online courses, webinars, and research publications. These resources facilitate continuous learning and professional development.

Networking Opportunities

IMCA hosts various events and conferences, providing members with opportunities to connect with industry peers, share insights, and build valuable professional relationships.

Industry Recognition and Credibility

Membership with IMCA signals a commitment to professional growth and adherence to the highest industry standards, enhancing the member's credibility within the investment management community.

Membership Requirements and Application Process

To become a member, individuals and organizations must complete an application form, submit the required documentation, and pay the applicable membership fees. Candidates must also agree to abide by IMCA's Code of Professional Responsibility.

Certifications Provided by Investment Management Consultants Association (IMCA)

Certifications Provided by Investment Management Consultants Association (IMCA)

Certified Investment Management Analyst (CIMA)

Overview of the Certification

The CIMA certification is a prestigious designation for investment management professionals who have demonstrated knowledge and expertise in portfolio construction, risk management, and performance measurement.

Eligibility Requirements

Candidates must have at least three years of professional experience in the investment management industry and hold a bachelor's degree or an equivalent qualification.

Certification Process

The certification process involves completing a series of educational courses, passing a comprehensive examination, and adhering to a strict code of professional conduct.

Continuing Education Requirements

CIMA-certified professionals must complete a minimum of 40 hours of continuing education every two years to maintain their certification.

Certified Private Wealth Advisor (CPWA)

Overview of the Certification

The CPWA certification is designed for professionals who specialize in advising high-net-worth clients on wealth management strategies, estate planning, and risk management.

Eligibility Requirements

Candidates must have at least five years of professional experience in the financial services industry and hold a bachelor's degree or an equivalent qualification.

Certification Process

The certification process involves completing an intensive educational program, passing a comprehensive examination, and adhering to a strict code of professional conduct.

Continuing Education Requirements

CPWA-certified professionals must complete a minimum of 40 hours of continuing education every two years to maintain their certification.

Education and Events

Conferences and Workshops

Annual Conference

IMCA's annual conference brings together investment management professionals from around the world to discuss industry trends, share insights, and network with peers.

Regional Workshops

Throughout the year, IMCA hosts regional workshops that focus on specific topics or market segments, providing an opportunity for members to deepen their knowledge and engage in meaningful discussions with industry experts.

Webinars and Virtual Events

IMCA offers a variety of webinars and virtual events that enable members to stay current on industry developments, enhance their skills, and network with professionals from across the globe.

Online Educational Resources

IMCA's Online Learning Platform

IMCA's online learning platform provides members with access to a wide range of courses, covering various topics within the investment management industry. Members can access these resources at their convenience, allowing for flexible learning opportunities.

Research and Publications

IMCA publishes research papers, articles, and whitepapers that cover the latest trends and developments in the investment management industry. These resources provide members with valuable insights and facilitate informed decision-making.

Partner Resources and Collaborations

IMCA collaborates with other industry organizations, educational institutions, and regulatory bodies to provide members with access to additional resources and learning opportunities.

Advocacy and Industry Involvement

Role of IMCA in Promoting Industry Standards

IMCA plays a vital role in advocating for high industry standards and promoting best practices among investment management professionals.

By offering certifications and educational resources, IMCA helps ensure that its members adhere to the highest ethical standards and deliver exceptional value to their clients.

Collaboration with Other Industry Organizations and Regulators

IMCA actively collaborates with other industry organizations, regulators, and standard-setting bodies to shape policies and guidelines that promote transparency, fairness, and professionalism within the investment management industry.

Efforts to Enhance Public Trust in the Investment Management Profession

By fostering a culture of ethics, professional competence, and continuous learning, IMCA aims to enhance public trust in the investment management profession, ensuring that clients receive the highest level of service and expertise.

Career Development

IMCA's Role in Promoting Professional Growth

IMCA is dedicated to supporting the professional growth of its members by offering various resources, including educational programs, networking events, and mentorship opportunities.

These initiatives help members enhance their skills, advance their careers, and stay current on industry trends.

Job Board and Career Resources

IMCA's job board offers members access to a diverse range of career opportunities within the investment management industry.

The association also provides career resources such as resume reviews, interview coaching, and career planning tools to help members navigate the job market and advance their careers.

Mentorship Opportunities and Networking

IMCA connects experienced professionals with those seeking guidance through its mentorship program. This program enables members to learn from industry veterans, gain valuable insights, and build lasting professional relationships.

Conclusion

IMCA plays a critical role in the investment management industry by providing its members with the resources, support, and opportunities needed to excel in their careers.

The association's commitment to promoting high standards and ethical conduct ensures that investment management professionals deliver exceptional value to their clients and contribute to the overall growth and integrity of the industry.

As the investment management industry continues to evolve, IMCA will remain at the forefront, adapting its programs and resources to meet the needs of its members.

By staying current on industry trends, collaborating with other organizations, and promoting continuous learning, IMCA will continue to foster the professional growth and development of its members and enhance the credibility of the investment management profession.

Investment Management Consultants Association (IMCA) FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.

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