Welcome to the 11th annual Pensions & Investments Best Places to Work in Money Management program, complete with a record number of winners and a conference devoted to exploring the next generation in asset management.
Since P&I kicked off the survey in 2012 with 15 winners recognized, the program has grown eightfold in participation. In 2022, P&I is recognizing 121 firms that earned a spot on our list.
Many of the winners have won multiple times throughout the years. And this year, 17 are newcomers. But only five firms have been named a Best Place to Work every year since the program debuted in 2012:
- Baird Asset Management, Milwaukee.
- ClearBridge Investments LLC, New York.
- Dana Investment Advisors Inc., Waukesha, Wis.
- Hamilton Lane Inc., Conshohocken, Pa.
- Principal Asset Management, Des Moines, Iowa.
P&I worked with Best Companies Group, Harrisburg, Pa., to collect and analyze survey data to identify companies that stood out for their efforts to create a culture that supports employees and fosters their best work.
To be named to P&I's Best Places list, all firms met Best Companies' high threshold for inclusion and were ranked against others of similar size. Individual firm profiles, which were compiled based on survey results, reflect U.S. employment numbers and were confirmed by Best Companies this past summer. Company and employee comments were edited for space, style and clarity.
Assets under management or advisement are as of June 30, unless otherwise noted. To participate, companies had to have at least 20 employees in the U.S., at least $100 million of discretionary, institutional assets under management or advisement and be in business for at least one year. An anonymous employee survey, which aimed to evaluate employee engagement and satisfaction, accounted for 75% of a firm's score; an employer survey, which evaluated workplace policies, practices, benefits and demographics, made up 25%.
As part of the Best Places recognition program, P&I will host the Future of Work — The Next Generation conference in New York on Dec. 13. Panels will explore how innovative employers attract and retain the next generation of employees in asset management, how culture drives performance, as well as how they use technology and data to enhance workplace equity.
Additionally, the conference will include keynotes by Dan Ariely and Roberta Katz.
Mr. Ariely is co-founder of Irrational Capital and the James B. Duke Professor of Psychology and Behavioral Economics at Duke University, who researches behavioral economics. In an Aug. 12 commentary for P&I, he wrote about gender alignment and financial performance.
Ms. Katz is a cultural anthropologist at Stanford University's Center for Advanced Study in the Behavioral Sciences. She is the author of "Gen Z, Explained: The Art of Living in a Digital Age."
An awards presentation will conclude the event. Coverage of the event will run online at pionline.com/best-places-to-work/2022.