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UK's APCIMS To Re-Brand, Reflect Rising Profile Of Wealth Management
Tom Burroughes
2 October 2013
The Association of Private Client Investment Managers and
Stockbrokers, the trade group with 178 firms of which 114 members are wealth
management and stockbroking firms, will re-brand as the
Wealth Management Association, after members voted in favour of the proposal. APCIMS adopted the move at its annual meeting yesterday. The move comes at a time when industry organisations remain
numerous, reflecting the constant shifts in the financial services sector; the
re-brand of APCIMS also highlights how the profile of wealth management as a
distinct business area has risen. The UK’s new financial watchdog, the
Financial Conduct Authority, now has a wealth management unit. (To view a
recent comment on such trade associations, click here.)