Unbiased Advice and Top-Rated Financial Services Continue ICM's History of Growth
Beverly Hills,CA, May 19, 2015 (Newswire.com) - Today, many financial service firms are redefining themselves to meet the demands of increasingly wary investors and to attract top professionals in a shrinking talent pool. Independent Capital Management wonders, “What took them so long?” Long before economic and regulatory pressures forced the market reset, ICM President and CEO Drew Marloe proved that independence from the big brokerage houses is a win-win for investors and advisors alike. As others in his field retrench, Marloe’s organization is experiencing tremendous growth in terms of clientele, assets and number of offices. The 27-yearold firm has approximately 100,000 clients, far in excess of $1 billion under management and $5 billion in life benefits.
Two new offices opened in Beverly Hills and Newport Beach and yet another is planned in Northern California. ICM recently launched ICM Private Client Group, a new division that serves high-net-worth individuals on a fee-only basis. Now 300 career-minded professionals are on staff, many of whom have been with the firm for more than two decades.
“As they build wealth and refer others to us, existing clients are our primary growth drivers,” explains Marie Cammack, the division manager of the Newport Beach, California, ICM office. “We’re also growing because we attract top producers who want the best of all worlds. Working in an independent, private boutique firm, they can give clients unbiased access to the entire universe of opportunities and customized solutions from the top-rated companies. As affiliates of one of the largest networks of independent advisors in America, they receive world-class technology and marketing support so they have time to provide better service to their clients. They also enjoy a working environment and benefits second to none in our industry, including beautiful Grade-A office space, company-paid health insurance and 401(k) match.”
ICM’s management team is committed to equipping advisors to be successful, no matter how they or their clients define success. “Management welcomes our ideas and opens doors to advancement – an especially important consideration for women, a significantly underrepresented group in the financial services sector,” says Financial Advisor Teresita Paje in ICM’s San Diego office, who is a winner of the Investment Advisor Community Service Award for philanthropic work.
More than half of ICM’s advisors and managers are women and minorities, and the team’s makeup reflects the incredibly diverse California marketplace. “Men and women approach finances very differently, as do millennials and baby boomers. Each ethnic group brings its own cultural preferences,” adds Paje, a Filipino. “ICM honors these differences by allowing us to develop approaches to serving the unique needs of our clients.”