IMCA Members Weigh in on Timing, Impact of Rising Interest Rates

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With the Fed on track to raise interest rates in the foreseeable future, advisors and investors are strategizing about how to retool portfolios to minimize the impact. IMCA members offered their views about the timing and amount of a rate hike along with possible portfolio protection strategies in a June 2015 survey. Views include:

The right time? More than half (55 percent) of IMCA members think now is the right time to move forward with a rate hike while 28 percent disagree, saying the economy is still too fragile after a weak first quarter.

If not now, when? 63 percent think the Fed will raise rates by fall 2015 while 31 percent say rates won’t rise until 2016.

Portfolio insulation. Approximately one-third of IMCA members are allocating more to equities, 30 percent are shifting portfolios toward alternatives and 11 percent plan to buy more bonds if prices decline.

How much? 82 percent of IMCA members think rates will increase by 25 basis points while only 6 percent of IMCA members surveyed anticipate a 50-basis-point increase. Several respondents agree with Federal Reserve Governor Jerome Powell’s assessment that a dual rate increase may be necessary.

“Six years into expansion, the Fed needs to move rates off the zero bound to begin to create some dry powder for the next downturn,” one IMCA member wrote in response to a question about whether now is the right time to raise rates. “Moderately higher rates phased in raised at a measured pace shouldn’t derail the expansion,”

Click here for more information. Survey findings are based on 236 responses from IMCA members.

Contact: Ryan Hoffman, Communications Director. P: 303.850.3079 Email: rhoffman(at) Twitter: @IMCA.

About IMCA

Established in 1985, Investment Management Consultants Association® (IMCA®) is a nonprofit professional association and credentialing organization with more than 10,000 individual members and certificants worldwide. IMCA members collectively manage more than $ 2.477 trillion, providing investment consulting and wealth management services to individual and institutional clients. Since 1988, IMCA has offered the Certified Investment Management Analyst® (CIMA®) certification, which earned accreditation by the American National Standards Institute (ANSI) in April 2011, making it the first financial services credential in the United States to meet international standards (ISO 17024) for personnel certification. IMCA’s Certified Private Wealth Advisor® (CPWA®) certification is suited for wealth management professionals working with high-net-worth clients. In 2014, IMCA conferences and workshops hosted nearly 4,000 attendees.

IMCA® and Investment Management Consultants Association® are registered trademarks of Investment Management Consultants Association Inc. CIMA®, Certified Investment Management Analyst®, CIMC®, CPWA®, and Certified Private Wealth Advisor® are registered certification marks of Investment Management Consultants Association Inc. Investment Management Consultants Association Inc. does not discriminate in educational opportunities or practices on the basis of race, color, religion, gender, national origin, age, disability, or any other characteristic protected by law.

SubscriberWise Chief to CFPB and Consumers Everywhere: Each of Us has Profound Control over Our Credit Reports and FICO Scores

Massillon, OH (PRWEB) April 26, 2015

SubscriberWise®, a leading provider of analytics driven subscriber decision management technology and the largest issuing consumer reporting agency for the communications industry, announced today that the company president is offering new advice, credit suggestions, and decades’ insight to the CFPB and the nation’s credit consuming population.

“Conspiracy theorists and others love to perpetuate the notion that credit scores are mysterious, secretive, and impossible to understand or control,” argued David Howe, FICO professional, child identity theft expert, and SubscriberWise CEO. “They’re none of the above. Rather, they’re complex. Extremely complex, in fact. And they’re based, in large part, on highly refined mathematical models that rely on millions of consumer credit files for empirically derived, scientific outcomes: outcomes that are not only regulated, but that are retrospectively correlated to payment performance metrics that often span multiple decades.

“Undoubtedly, transparency and access to accurate information and education concerning credit scoring did not exist in the past. The lack of information certainly contributed to the hysteria, fear, and ignorance that grew out of the emerging technology,” continued Howe. “Sadly, much of the same continues to surround scoring models today. However, unchanged are the fundamental behaviors (i.e. paying bills on time and low credit card utilization) that generated high scores in the past. These same behaviors, they remain true and predictive today just as they did in the past.

“Fortunately inadequate information is no longer a reality or concern for consumers. Collectively we should bestow individual consumers, watchdog groups, regulators, and others our appreciation and gratitude for the vast and open information that is widely available today.

“Everything a consumer needs to obtain super-prime credit ratings – across every credit scoring model on the market – exists on a myriad of commercial sites; this same information can be found here,, on the taxpayer-owned Consumer Financial Protection Bureau’s website,” said Howe.

In addition to the well known guidelines – which together are sufficient for achieving and maintaining favorable credit – there are a number of other little-known suggestions for consumers who may have unexplained or significant scoring variations among different models and/or repositories. Following are many of the common-sense and well known guidelines for achieving and maintaining excellent credit:

Pay as agreed. Although life events, medical and economic hardships, and myriads of financial circumstances make this impossible for millions of consumers, paying bills on time is the single most important factor in the calculation of a credit score
Don’t get close to credit limits, particularly if you’re going to apply for new credit and a high score is essential to obtain the most favorable terms/approval. Fact: Howe generated simultaneous perfect FICO and Vantage scores across each repository with credit utilization below 5 percent of total available credit, among many other maximum scorecard indicators. It is proof that credit scores can be mastered without knowledge of advanced mathematics and without FICO’s proprietary credit scoring formula.
Apply for credit as needed. Fact: Howe’s most recent revolving credit card account was opened nearly one decade ago.

In addition to the above (particularly true for consumers who have scores that vary significantly), Howe provides these other important suggestions:

Compare credit reports. Determine, for example, if a tradeline (i.e. a ten year old revolving bankcard that’s been paid perfectly and includes a substantial line of credit) is reported to each of the national credit repositories: Equifax, Experian, and TransUnion. A missing tradeline that is not reported can have a significant negative impact on the calculation of a credit score. Fact: A colleague of Howe’s learned that his credit union failed to report his long and perfect-paid revolving credit card account to TransUnion. The net result was a significant loss of points because of the missing information. Once the account was finally reported, the score increased to a super-prime rating. Fact: Consistent credit data yields consistent credit scores:
Pay close attention to score reason factors contained on risk based pricing notices and credit score disclosure notices in particular. For example, a reason factor that indicates “too many accounts with balances” can mean 1 (one) too many. Fact: 1 (one) revolving balance with a small amount owed relative to the available credit is the best possible scenario for consumers with FICO scores above 760; this is also probable among every FICO scorecard. Fact: Reason factors are vague and do not always translate into the everyday human lexicon. Fact: A reason factor of “no recent bankcard or revolving balances reported” means that no balance is reported at the moment the score is generated. For example, it may not matter if a balance was reported as recent as yesterday…if it’s not reported when the score is generated today.
Charge a balance on one revolving credit card before applying for a mortgage (particularly true for consumers who have an American Express or other travel and entertainment charge card). Fact: FICO scores based on models used in mortgage underwriting are typically – perhaps always – not recent FICO models (i.e. FICO 8 or FICO 9). The older models treat Amex and T&E charge cards differently from the more recent models. Fact: A credit report that is scored and that also has no reported revolving balance with a favorable utilization ratio (< 6 percent is recommended) will result in a loss of points, even if the Amex or T&E account is reported with a balance. Fact: No bankcard balance reported will result in a loss of points for many – if not all – consumers. Fact: A credit card that contains an account number that starts with a 3 may be excluded from mortgage based FICO models regardless if the account is a credit card or a charge card (i.e. Bank of America branded Amex revolving credit cards).
Know your statement closing date and try to determine when the creditor reports the information to the repositories (generally once each month). Fact: This is tricky and it’s not always possible to know. It’s also not always consistent in terms of the date information is reported.

About SubscriberWise

SubscriberWise® launched as the first U.S. issuing consumer reporting agency exclusively for the cable industry in 2006. In 2009, SubscriberWise and TransUnion announced a joint marketing agreement for the benefit of America’s independent cable operators. Today SubscriberWise is a risk management preferred-solutions provider for the National Cable Television Cooperative.

SubscriberWise contributions to the communications industry are today quantified in the tens of millions of dollars annually.

David Howe is founder and president of SubscriberWise. He is also a consultant and credit manager for MCTV. At MCTV, Howe manages the bad debt and equipment losses on annual sales in excess of $ 60 million. During his 18-year career at MCTV, Howe has reviewed more than 50,000 credit submissions. His interest in credit began in 1986 while a 17-year-old student in high school.

Howe is the only known individual – living or deceased – to have obtained simultaneous perfect FICO 850 scores across every national credit bureau. Howe has also obtained simultaneous perfect Vantage scores at Equifax, Experian, and TransUnion.

Howe has obtained FICO Professional Certification and is also the first and only citizen of the world to describe and report the details of the perfect FICO and Vantage scores to U.S. reporters.

Howe produced and published two videos on the subject of perfect credit: FICO 850 Credit Report Facts and FICO Scores: The Facts. The first general-purpose FICO scores were debuted a quarter century ago.

SubscriberWise is a U.S.A. federally registered trademark of the SubscriberWise Limited Liability Co.


SubscriberWise, 888-596-1119

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New Braintree, MA Location for the Fertility Centers of New England

The Fertility Centers of New England recently announced the opening of their newest location in Braintree, MA located at 30 Braintree Hill Office Park, Suite 107.

“We are delighted to offer our patient-centered care at our newest fertility center in Braintree,” said Fertility Centers of New England President and CEO, Joseph A. Hill, MD. “Both Dr. Beth Plante and Dr. Robert Weiss will be available to see patients in our Braintree Center.”

“We are here to help people build a healthy family one successful pregnancy at a time,” said Dr. Plante.

“We do this,” said Dr. Weiss, “by making IVF more accessible and affordable without compromising the personalized and compassionate care patients deserve.”

In addition to accepting all insurance plans, the Fertility Centers of New England has been named a Center of Excellence for IVF treatment by both OptumHealth and Aetna Healthcare.

The Fertility Centers of New England offers patients without infertility insurance coverage free initial consultations and access to their exclusive IVF Assist program. This program for self pay patients is the most comprehensive and affordable option for IVF available.

“We are so confident in our IVF pregnancy success rates,” said Dr. Hill, “should pregnancy not occur after two attempts, we will provide the third cycle free.”

The Fertility Centers of New England has achieved many firsts in reproduction, including the first live births in the United States using the Embyroscope® (Unisense/Fertilitech, Aarhus, Denmark), a state-of-the-art IVF incubator utilizing time-lapse photography which allows selection of the single best embryo for transfer that is most likely to result in a healthy baby.

In 2013, the Fertility Centers of New England announced the first live births in the world using previously frozen eggs cultured as embryos in this innovative system.

About Fertility Centers of New England

The Fertility Centers of New England is an international leader in the evaluation, diagnosis, and treatment of infertility. We combine advanced reproductive technologies with a comforting, supportive environment to give patients the personal care they deserve.

The Fertility Centers of New England has eleven convenient locations for treatment and cycle monitoring throughout New England. We accept all insurance plans and offer a range of options for self-pay patients, including donor oocyte cycles. Patients interested in obtaining additional information about the Fertility Centers of New England may call our center at 877-877-9901 or visit us at

LEX 18 Investigates: Payday Interest Rates

LEX 18 Investigates: Payday Interest Rates
After 26 weeks, the interest rate is 391%. The interest rate and fees cost cheryl $ 3,600 a year. Cheryl paid off the loans once a year with her tax check.State Senator Alice Forgy Kerr has proposed legislation to capped interest rates at 36%."That bill …
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Riksbank Goes Deeper Into Negative as Greece Pressures Krona
Sweden's central bank lowered its main interest rate deeper into negative levels and expanded its bond purchases to the end of the year as the turmoil in Greece raises the specter of further krona gains. The repo rate was cut to minus 0.35 percent from …
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Interest Risk Rate Comptroller’s Handbook

Interest Risk Rate Comptroller’s Handbook

Interest Risk Rate Comptroller's Handbook

The acceptance and management of financial risk is inherent to the business of banking and banks’ roles as financial intermediaries. To meet the demands of their customers and communities and to execute business strategies, banks make loans, purchase securities, and take deposits with different maturities and interest rates. These activities may leave a banks’s earnings and capital exposed to movements in interest rates. This is interest rate risk

List Price: $ 15.99

Price: $ 13.47