“A rare opportunity.”
“External validation of what we do.”
“Excellent for our reputation.”
That's what executives at some of the 15 firms named as the Best Places to Work in Money Management in 2012 said the distinction has meant to them.
The recognition —which has found its way onto plaques and posters and recruiting materials — was credited with boosting employee morale, eliciting positive feedback from clients and aiding in attracting talent.
Pensions & Investments recently extended to June 7 the deadline for consideration in the 2013 rankings process, allowing money managers a little more time to register for their chance to unseat the firms that topped last year's lists.
“As a benefit for clients, this gives better insight into the internal health of the company,” said Jeffrey Furber, CEO of Boston-based real estate investment firm AEW Capital Management LP, which ranked third last year among firms with 100 to 1,000 employees.
Designation as one of the Best Places to Work in Money Management is included in promotional materials to current and prospective clients from many of last year's winners and a sense of pride can be felt throughout the organizations, officials from those firms said.
“I think it was a big deal” for employees, Mr. Furber said. “And (the recognition) wasn't just for real estate, which made it a bigger deal.”
“It's been good for morale all around and I think clients like seeing that,” said Jim McCaughan, CEO of Des Moines-based Principal Global Investors. The parent company, Principal Financial Group, was ranked No. 1 in 2012 among managers with more than 1,000 employees.