Qualified Professional Asset Manager (QPAM)

Qualified professional asset manager is a registered investment adviser (RIA) that helps pension plans and similar entities make investments. The criteria to qualify as a QPAM is controlled by Employee Retirement Income Security Act (ERISA). Typically, RIAs must have at least $85 million of assets under management and at least $1 million of partners' or shareholders' equity. QPAMs usually represent pension plans looking to invest in private placements.