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News November 15, 2004 Issue

Name Change at the ICAA?

At the suggestion of the groupís board of governors, members of the Investment Counsel Association of America are considering whether to change their name to the "Investment Adviser Association" (or, as has been suggested by some members, the "Investment Management Association").

The problem: the term "investment counsel," while dating to the 1930ís, is not commonly used today.

Most ICAA members appear to support a name change, but "itís not a done deal," said executive director David Tittsworth.