1. How can I expect to improve my business by joining APIC?
2. What is the purpose of APIC?
3. What is the difference between APIC and PMI?
APIC was formed in 1990 with a broader concept, which covers the entire wealth management consulting platform. PMI consists of FAs primarily practicing on the PM (Portfolio Management) platform, where APIC membership is open to FAs on any Consulting Group platform at Morgan Stanley.
4. What is the difference between APIC and IMCA?
APIC is Morgan Stanley only and is FA organized, managed and governed. IMCA is open to all firms.
5. How can I access information about APIC?
By typing APIC in your 3DR browser you will find valuable information and the starting point to access all that APIC has to offer. This also can link you to the APIC website, https://apicms.org.
6. What are the qualifications and designations for full voting membership in APIC?
Please see the requirements here.
7. How many hours of CE do you get at the conference?
CE credits Varies from year to year (10 to 15) hours depending on designation such as CIMA or CFP.
8. Can you pay for APIC using BDA?
Yes, you can seek full reimbursement from BDA.
9. What benefits are there besides the annual conference?
10. What does an APIC Conference provide that is different from ADI Accelerator Meetings?
APIC conference educational material is on par with graduate level courses. Most APIC members feel its conference provides a unique advantage for peer to peer exchange and sharing ways to build your practice.
11. Is membership open to everyone?
Yes, if employed by Morgan Stanley and meet required qualifications, as listed above in question 7, regardless of production level.
12. How do I register for APIC?
Go to https://apicms.org, click on “JOIN”, fill out online application and submit. Applications will be reviewed for completeness and will be submitted to the board for approval at the next monthly board meeting.
13. What happens after I submit my application and pay my dues?
1. The membership committee and chairman will submit your application to the board for approval.
2. After confirmation of your membership, the executive director will:
14. Why doesn’t Morgan Stanley cover the cost of APIC?
APIC is a separate, stand-alone organization.
15. If I pay for membership dues in July after the conference, do I have to pay again in January?
No, membership is based on your anniversary date.
16. Is it limited to just Financial Advisors?
No, firm associates and other team members can become members as well.
17. What if I don’t have a designation?
You must commit to obtaining one within 3 years in order to become a Voting Member.
18. Is there a list of members available for me to review?
Yes, type APIC in your 3DR browser where you can access various APIC website links which includes a link to “APIC Public Site”. Once on the APIC website click on “List of APIC Members” at the left side of the page to view list of members.
19. What opportunities are there to get involved once I join APIC?
Investment Strategies Member-to-Member Services
- Research - Conference
- Porfolio Construction Tools - External – AIE/IMCA
- Performance Management - Professional Development:
Practice Mgt: Clients & Teams - Marketing/Website
- High Net Worth Clients - Member Services
- Institutional/Graystone Organization
- Executive Committee - Legends Group
- Internal Operations - Compliance/Legal
20. What does APIC expect of ME as a member?
21. When and why was APIC started? Founding members?
Founded in 1990, APIC is an association that is organized, managed and funded entirely by Financial Advisors of then E.F. Hutton and now Morgan Stanley. Our mission is to inspire excellence in investment consulting through collaboration, education and innovation, while always focused on staying client centric. (Type APIC in your 3DR browser to view more information and access the APIC website)
Charter Members who are still at the firm:
Bill Ankeny Brian Kelly, Sr.
Dan Biederman Ted Lucien
Rusty Cooper Dan Roland
Mark Curtis Mike Sasser
Larry Eckstrom Robert Scherer
Barry Giller Sandee Smith
Mary Lynne Hickey Jeff Wigbels
22. What are some of the major accomplishments that have come from APIC?
Some of our achievements APIC has been instrumental in:
*Many of these initiatives, both past and present, have become platform engines and current day tools, which continue to evolve.
23. Do I have to serve on a committee in order to be a member?
It is highly encouraged because some of the most enjoyable aspects of membership are working side-by-side and forging new friendships and relationships with fellow members. APIC membership is for people who want to challenge themselves and are willing to do that by sharing their best ideas.
24. What are the benefits for the “non FA” members of my team?
The best teams recognize that it is just as important for their staff to develop a professional network. But, remember, APIC succeeds because everyone wants to contribute and build off of the collaboration to create even better solutions.
25. What are some characteristics of an APIC member?
26. Can I earn CE credits to keep my CIMA and or CFP current?
Yes, CIMA and CFP CE credits are available through APIC.