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IMCA Selects Mercer to Manage its Long-Term Investment Reserves

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Investment Management Consultants Association® (IMCA®) today announced that it selected Mercer Investment Consulting, Inc. to manage its long-term investment reserves, concluding a search IMCA's board of directors initiated in April.

Denver, CO (PRWEB) October 25, 2012

Investment Management Consultants Association® (IMCA®) today announced that it selected Mercer Investment Consulting, Inc. to manage its long-term investment reserves, concluding a search IMCA's board of directors initiated in April. During its search process, IMCA's Finance, Audit and Investment Committee examined 22 candidates who responded to a request for proposal (RFP). James J. LaFLeur, CIMA®, senior associate at Mercer, will oversee the investment account.

“With more than 40 years of investment consulting services experience, Mercer brings a wealth of resources and knowledge to help us manage this portion of our portfolio,” said IMCA's Treasurer, Margaret M. Towle, PhD, CPWA®. “As an association of experienced investment advisors and wealth managers, we feel we have chosen a highly-qualified and skilled candidate. We look forward to working with Mercer and benefitting from their professional expertise and advice.”

To be considered, at least one candidate on the team was required to hold the Certified Investment Management Analyst® (CIMA®) certification, the premier credential designed to measure competency in investment consulting. CIMA certification is the first financial services credential in the U.S. to meet an international standard for personnel certification (ANSI/ISO/IEC 17024). Candidates must also have been willing to sign a co-fiduciary agreement.

IMCA reevaluates its vendor relationships every three to five years as a best practice, and seeks an investment advisor to manage its long-term reserves to provide a fresh perspective and help avoid conflicts of interest.

Visit http://www.IMCA.org and http://www.mercer.com/investments for more information.

Established in 1985, IMCA is a nonprofit professional association and credentialing organization with more than 8,700 individual members. IMCA members collectively manage more than $1.6 trillion on behalf of 1.3 million clients, providing investment consulting and wealth management services to individual and institutional clients. Since 1988, IMCA has offered the CIMA® certification, which earned accreditation by the American National Standards Institute (ANSI) in April 2011, making it the first financial services credential in the United States 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 2011, IMCA conferences and workshops hosted more than 4,000 attendees.

IMCA® and Investment Management Consultants Association® are registered trademarks of Investment Management Consultants Association Inc. CIMA®, Certified Investment Management Analyst®, CIMC®, CPWA®, and Certified Private Wealth Advisor® are registered certification marks of Investment Management Consultants Association Inc. Investment Management Consultants Association Inc. does not discriminate in educational opportunities or practices on the basis of race, color, religion, gender, national origin, age, disability, or any other characteristic protected by law.

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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/10/prweb10058151.htm

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