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Eligibility

We welcome all organizations that meet the eligibility requirements to participate in the Best Places to Work in Money Management program.  

To be eligible for consideration, companies must meet the following criteria:

  • Be a for-profit or not-for-profit business or public agency
  • Have a facility in the United States
  • Have a minimum of 20 full and/or part-time employees working in the United States
  • Must be in business a minimum of one year
  • Have at least $100 million of discretionary AUM

How do we define eligible organizations in money management?

A business or public organization responsible for managing investible assets of an institutional investor (including pension funds, endowments, foundations, sovereign wealth funds or high-net worth individuals) are eligible to participate. This includes internal or external managers of traditional and alternative assets, and managers of managers.

The definition of professional money manager would include all money managers, investment consultants and financial planners regulated by the Securities and Exchange Commission in the U.S. as “investment advisers” under the U.S. Investment Advisers Act of 1940. It would also include any firms required to file Form 13 F or Form ADV with the Securities and Exchange Commission as well as firms that are compensated for their work based on a percentage of assets under management, assets under advisement or assets in custody. It also includes general partners that provide investment advice to limited partners with respect to partnership assets.

According to the SEC, in the case of a bank, when such services or actions are performed through a separately identifiable department or division, the department or division, and not the bank itself, is deemed to be the investment adviser. The term “separately identifiable department or division” is defined in section 202(a)(26) of the Investment Advisers Act.

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