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Apcims members approve Wealth Management Association rebrand
by James Phillipps on Oct 02, 2013 at 00:01
The Association of Private Client Investment Managers and Stockbrokers’s members have voted in favour of the trade body being renamed the Wealth Management Association.
The rebrand, which was exclusively revealed by Wealth Manager last month, was approved at its annual general meeting yesterday and will come into effect on October 8 at its annual conference.
Chief executive Dr Tim May (pictured) said: ‘This is a big step forward for our Association. It means our name now encapsulates the key services our members provide for their customers and clients.
‘Today’s investors are seeking out the very best sources of support, whether they are acting for themselves or using professional advice. The need for our members’ services has never been greater. As the Wealth Management Association, we will continue working with regulators, legislators and policymakers to ensure we remain the authoritative voice for our members and their clients.’
Chairman Tim Ingram added: 'With all the changes in the financial landscape, the responsible management of people's wealth is more vitally important than ever. Our change of name better reflects our member firms, their clients and what we stand for.
'Today’s vote is the culmination of a six-month project to consult and consider the Association’s future needs. Apcims' membership has for many years extended well beyond investment managers and stockbrokers: it also includes as members private banks, discretionary fund managers and other financial firms who undertake the activity collectively known as wealth management.'
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