THE REQUIREMENTS
There are a few requirements organizations must meet to be eligible for our program. You are eligible to participate if you:
- Have at least 20 full- and/or part-time permanent employees working in the United States
- Have a facility in the United States
- Are a publicly or privately held organization
- Are a for-profit or not-for-profit business or public agency
- Have been in business for at least one year, at the program registration deadline
- Have at least one of the following:
• $100 million of discretionary,
institutional AUM
• $100 million of institutional AUA
Please note: If your organization has segments other than money management (examples could include banking, real estate, insurance), only the money management divisions (asset management divisions) are eligible for this program.
WAYS TO PARTICIPATE
There are three different ways companies can participate:
Individual Organization: Organizations with a single Federal Employer Identification Number (FEIN) or Business Number (BN) may register directly.
Parent or Holding Organization: A parent organization with one FEIN/BN for all subsidiaries must register using that number and include all employees employed by it.
Subsidiary Organization: Subsidiaries of parent or holding organizations with different FEINs/BNs may register separately. If a subsidiary has multiple locations operating under the same FEIN/BN, all locations must be included in the survey.
WHO TO INCLUDE
Include: When you participate, all your current full- and part-time permanent employees working in North America should be included. This means everyone, from the line-level employees all the way up to the executives and from the on-site workers to remote employees. If they physically work in the United States or work remotely and report to a supervisor in the United States, include them.
Exclude: Temporary, seasonal, per diem, 1099 employees, independent contractors, interns, volunteers, consultants and employees sourced by other staffing entities.
INDUSTRY-SPECIFIC NOTES
Below are a few notes designed to address common questions we receive from organizations in certain industries.
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 each with a minimum of $100 million in investible assets) 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 SEC 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 SEC 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.
