The Association of Private Client Investment Managers and Stockbrokers (APCIMS) is planning to rebrand as the Wealth Management Association to better reflect its membership.
The group said following consultation with its members, it has proposed a name change which will be the subject of a vote at its next AGM in October.
APCIMS said its membership has widened over the years, and now extends well beyond investment managers and stockbrokers to include private banks, discretionary fund managers, and other financial firms.
APCIMS chief executive Tim May said: "I am delighted to announce our intention to rebrand as the Wealth Management Association. We are changing our name, but not what we do. We will continue to represent the investment community across the spectrum from execution only services through to advice and discretion.
"The member research undertaken for us earlier this year showed a clear desire to change the way in which APCIMS is presented and perceived. This proposed move answers general industry developments and the recent changes at the Financial Conduct Authority with the launch of its Wealth Management and Private Banking Unit."
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