Scholarship for retail investment researchers
The peak association for investment researchers is pushing ahead with a campaign to improve the quality of retail managed fund and master trust research, offering retail analysts a $5000 scholarship to attend the Certified Investment Management Analyst (CIMA) course.
Although originally designed for institutional asset consultants, the convergence of retail and wholesale investment markets meant the CIMA course was now “just as relevant” for retail researchers, according to Investment Management Consultants Association (IMCA) Australia chair Simon Ibbetson.
The scholarship, sponsored by Assirt Research and Merrill Lynch Investment Managers, began last year and made Jeff Chin of Perth’s Smith Coffey Group the first retail researcher to complete the CIMA course.
IMCA director Angela Ashton said retail researchers now made up 25 of IMCA’s 150 members, who are entitled to attend its monthly seminars.
She hoped that apart from the scholarship recipient, more retail researchers would undertake this year’s CIMA course, which begins in September.
Ashton said Assirt was likely to send at least one analyst.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
