RIAs Driving New Wave Of Interest In CIMA Designation, IMCA Membership Hot
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Membership in the Investment Management Consultants Association, which administers the CIMA credential, surged a healthy 7% to 8,400 last year.
Drill down into the numbers and you'll find that a net 620 RIAs joined the organization.
But overall membership actually increased by only 550.
Granted, attrition plagued the broker-dealer channel last year, but this indicates that RIAs are signing up for the CIMA faster while other types of advisory firm are giving up.
At this point, 27% of IMCA members are RIAs. If this goes on, IMCA may one day become a rival to today's RIA-heavy trade groups.
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