Qualified Professional Asset Manager (QPAM)

A Qualified Professional Asset Manager (QPAM) is a registered investment advisor who assists institutions in making investments.

The focus of QPAM is on retirement accounts such as retirement plans.
When using QPAM, investment funds may conduct business in areas otherwise prohibited by ERISA. This is known as the QPAM exception.
Banks and insurance companies may qualify as QPAM if they are registered as investment advisors with the Securities and Exchange Commission (SEC).
QPAM is also defined as a registered investment advisor with an AUM of at least $85 million and a share capital of $1 million or more.

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