The Association of Private Client Investment Managers and Stockbrokers (APCIMS) has received approvals from its members to rebrand as the Wealth Management Association to reflect its membership.
The association said that the name change will come into effective on 8 October 2013 in London.
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Tim May, CEO of APCIMS/WMA, 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.
"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," May added.
Tim Ingram, chairman of APCIMS/WMA, said: "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."
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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