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News March 28, 2005 Issue

ICAA Name Change A ‘Done Deal’

Itís official, or pretty darn close to it.

The Investment Counsel Association of America will soon be changing its name to the Investment Adviser Association. The groupís new website will be:

Thatís adviser with an "e", not an "o." As in the Investment Advisers Act.

Although official voting doesnít close until April 4, exit polls (so to speak) show that the groupís membership overwhelmingly favored the name change.

"We know that this is a done deal," said the groupís executive director, David Tittsworth. "More than half of all firms have voted and 90 percent have voted in favor of the name change, so the outcome of the vote is not an issue."