QPAM

(redirected from Qualified Professional Asset Manager)
AcronymDefinition
QPAMQualified Professional Asset Manager (investment advisor)
QPAMQualified Plan Asset Manager
References in periodicals archive ?
In particular, the Department's disqualification of qualified professional asset manager status is crucial, where, as here, banks guilty of criminal misdeeds lack the trust and integrity necessary to continue advising millions of Americans who are saving for retirement.
Department of Labor (DoL) regulations bar entities from enjoying the preferential status of qualified professional asset manager (QPAM) when they or any of their affiliates are convicted of engaging or aiding in tax evasion, among a number of other crimes.
Unfortunately, the opinion spoke only to the availability of the DOL class exemption applicable to a qualified professional asset manager (QPAM).
Therefore, the transaction may require a QPAM, or qualified professional asset manager, to make sure that one of the parties isn't prohibited from entering into the transaction.
Department of Labor regulations bar entities from enjoying the preferential status of qualified professional asset manager (QPAM) when they or any of their affiliates are convicted of aiding in tax evasion, among a number of other crimes.
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