Skip to main content
MENU
Subscribe
  • Sign Up Free
  • LOGIN
  • Subscribe
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2023 Defined Contribution East
    • 2023 ESG Investing
Breadcrumb
  1. Home
  2. MONEY MANAGEMENT
December 10, 2012 12:00 AM

Wish you worked here?

15 money management firms score top honors as the Best Places to Work in P&I's inaugural feature

  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    Fifteen firms are being honored by Pensions & Investments as the Best Places to Work in Money Management.

    Attached are profiles with accompanying slideshows of each of the 15 companies.

    The “winners” come in all sizes and stripes, yet they share some common — and critical — characteristics. All of the companies had strong cultures, positive work environments, high employee engagement and good benefits.

    Corporate culture is a big deal; thus, most of these firms:



    • have a published statement of their organization's desired culture (values, beliefs and expected behaviors);

    • include education on the organization's culture in their new-employee orientation program;

    • assess the consistency of employees' behavior with the organization's cultural values as part of the performance review process;

    • conduct periodic surveys to assess the health of their organization's culture; and

    • view organizational culture as a strategic advantage for their business.

    The winners

    More than 1,000 employees

    1 The Principal Financial Group
    2 Diversified
    3 Bridgewater Associates
    4 SEI
    5 Invesco
    100 to 1,000 employees
    1 Hamilton Lane Advisors
    2 Clearbridge Advisors
    3 AEW Capital Mgmt.
    4 William Blair
    5 Western Asset Mgmt.
    Less than 100 employees
    1 Robert W. Baird
    2 Balentine
    3 Modera Wealth Mgmt.
    4 Perkins Investment Mgmt.
    5 Dana Investment Advisors

    And employees said the best things about where they work are the people, the integrity of the company, the honesty of the company and the flexibility of the company.

    This is the first year P&I undertook the Best Places to Work in Money Management project. We partnered with Buck Surveys, part of Buck Consultants, in an effort that began in May and included registration and completion of an employer survey and a separate employee survey.

    Buck did the data crunching, weighting the employee responses at 60% and the employer responses at 40%.

    The surveys sometimes produced differing results. For example, career development ranked higher on employees' lists than on employers' lists.

    Also, employees didn't seem to consider the existence of special perks to be a big deal. Still, of the 15 companies that made the list:



    • Eight provide free or subsidized meals and one (Bridgewater) provides free snacks and beverages around the clock;

    • 10 have fitness facilities or memberships;

    • 10 offer company-paid parking; and

    • Four — Bridgewater, Diversified, Principal and SEI — have on-site recreational amenities like basketball courts.

    And, the 15 money management firms that made the grade were — not surprisingly — much more likely to offer work-life benefits than the full universe of managers participating in the project. Those benefits ranged from flex time to child care to job sharing to pet sitting to on-site dry cleaning.

    Many of the questions in both the employer and employee survey were the same for the money managers surveyed as they would be for most professions.

    But P&I added some that editors thought would be of particular interest to clients and prospects. For example, we asked, by job title, who was eligible for a pay-for-performance plan. More people in each job category — including portfolio management, sales and marketing, client service and research — were eligible at companies on P&I's list of Best Places to Work than the full universe of participating companies.

    Still, as the profiles of the 15 companies on the list show, some of what makes the firms great employers isn't about money management in particular.

    Martin Flanagan, CEO of Invesco Ltd., Atlanta, this year hosted the company picnic at his home, complete with a rock-climbing wall and petting zoo.

    Principal Financial Group's art collection in its Des Moines, Iowa, campus increases “engagement and collaboration,” said Larry Zimpleman, president and CEO.

    Hersh Cohen, New York-based ClearBridge Advisor's co-chief investment officer, discussed the shared interest in food, and said it was a critical event when staffers found out their “favorite Chinese restaurant was downgraded to a "C' by the health department.”

    And Steve Corkin, managing director and head of investor relations at AEW in Boston, said, “Sometimes I think our core competency is food and drink.”

    Related Articles
    Best Places to Work Winner: Modera
    Best Places to Work Winner: WAMCO
    Best Places to Work Winner: Principal
    Best Places to Work Winner: Invesco
    Best Places to Work Winner: Hamilton Lane
    Best Places to Work Winner: ClearBridge
    Best Places to Work Winner: Balentine
    Best Places to Work Winner: William Blair
    Best Places to Work Winner: SEI
    Best Places to Work Winner: Perkins
    Best Places to Work Winner: Diversified
    Best Places to Work Winner: Dana
    Best Places to Work Winner: Bridgewater Associates
    Best Places to Work Winner: Baird Asset Management
    Best Places to Work Winner: AEW
    Best Places to Work 2012
    Entries being accepted for 2013 Best Places to Work awards
    Employer questionnaire now online for 2013 Best Places to Work project
    3 more days to register for Best Places to Work in Money Management
    Recommended for You
    Ashmore taps Ng for new head of Asia ex-Japan
    Barry Silbert
    Institutions seek out non-correlated assets after 2022 losses in stocks and bonds
    Ariel poaches 5 emerging markets value equity managers from AllianceBernstein
    The Institutional Investor's Guide to ESG Investing
    Sponsored Content: The Institutional Investor's Guide to ESG Investing

    Reader Poll

    January 25, 2023
    SEE MORE POLLS >
    Sponsored
    White Papers
    The Future of Infrastructure: Building a Better Tomorrow
    Fulcrum Issues: Equity Returns and Inflation — Choose Your Own Adventure
    What Matters Most in Considering a Private Debt Strategy
    Why pursue direct lending in the core middle market?
    Research for Institutional Money Management
    Are Factors a Thing of the Past?
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    December 12, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Face to Face
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2023 Defined Contribution East
      • 2023 ESG Investing