Slideshows

8 Smart Takeaways From IMCA Annual Conference

Here are some of the best and most eye-opening things we heard at IMCA's annual conference, held this week in Boston. Click through the slides to see what was said on the sidelines and from center stage or view the single page version here


Image courtesy of IMCA/Frank Monkiewicz

Do Planners Increase the Odds Their Clients Will Meet Their Goals? Do Planners Increase the Odds Their Clients Will Meet Their Goals?

"It depends what their incentives are," widely followed statistician Nate Silver, editor-in-chief of FiveThirtyEight.com, said after giving the keynote address Tuesday.

Image Nate Silver. Courtesy of IMCA/Frank Monkiewicz

'Responsibilities Have Changed' 'Responsibilities Have Changed'

"CIMA certification has been updated because your roles and responsibilities have changed."

-John Nersesian, IMCA chairman, to advisors

Read more about how IMCA updated CIMA's curriculum and exams here


Image John Nersesian. Courtesy of IMCA/Frank Monkiewicz

Can Annuities Allay Fears About Not Having Enough in Retirement? Can Annuities Allay Fears About Not Having Enough in Retirement?

"I need my check coming in on auto-pilot. How am I going to arrange that? I want a big solid company to send me a check for the rest of my life. That surety, that benefit is hard to quantify. It’s a compass for spending, an anchor, as behavioral finance researchers would say. Here's what I get every month, let me build around that."

-Moshe Milevsky, author and professor at York University in Toronto

Read more about Milevsky's view on annuities and retirement spending here


Image: Moshe Milevsky. Photo by Andrew Welsch.

Is Political Turmoil in Ukraine Upsetting Emerging Markets? Is Political Turmoil in Ukraine Upsetting Emerging Markets?

"You hear analogies to the 1930s. I don't think it will be that bad, but it's concerning."

-Benjamin A. Pace III, chief investment officer for Deutsche Bank, on troubles in Ukraine and Russia during a strategist panel.

Image: Benjamin A. Pace III. Courtesy of IMCA/John Brill.

'Twitter is the First Thing I Check' 'Twitter is the First Thing I Check'

"You have to be in the dialogue. Twitter is the first thing I check in the morning now. I follow some reporters in Asia and Europe and get the early headlines."

-Jeffrey Kleintop, chief market strategist for LPL Financial, on social media.

Image: Jeffrey Kleintop, second from left. Photo by Andrew Welsch.

'Frustrating and Sluggish' 'Frustrating and Sluggish'

"I think the next quarter or two can be frustrating and sluggish, but nevertheless I think it is within the context of normalization. I think we're getting back on a more historically-in-line growth rate. That's good for stocks."

-Jeffrey Knight, global head of investment solutions and asset allocation at Columbia Management, during the strategist panel.

Image: Jeffrey Knight. Courtesy of IMCA/John Brill.

'Extra Mile' 'Extra Mile'

"Clients want advisors to go the extra mile, and to keep developing their competencies."

-Sean Walters, chief executive of IMCA, on research showing that clients want advisors to earn voluntary credentials.

Read more about why clients want their advisors to earn extra credentials here

Image: Sean Walters.

Smart Use of Tech Smart Use of Tech

“Searching for technology to increase your efficiency will drive down your efficiency. Instead, set up a process that provides incremental value to your clients over time."

-Jamie McIntyre, chief executive of Fortigent, an arm of LPL that provides a platform and consulting services focusing on high-net-worth individuals, on how advisors can better utilize technology to grow their businesses.

Image: Jamie McIntyre. Photo taken by Andrew Coen.

Here are the best and most eye-opening takeaways from IMCA's annual conference, held this week in Boston.

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