investment manager

(38)The term “investment manager” means any fiduciary (other than a trustee or named fiduciary, as defined in)— (A)who has the power to manage, acquire, or dispose of any asset of a plan; (B)who (i) is registered as an investment adviser under the Investment Advisers Act of 1940 [15 U.S.C. 80b–1et seq.]; (ii) is not registered as an investment adviser under such Act by reason of paragraph (1) of section 203A(a) of such Act [15 U.S.C. 80b–3a(a)], is registered as an investment adviser under the laws of the State (referred to in such paragraph (1)) in which it maintains its principal office and place of business, and, at the time the fiduciary last filed the registration form most recently filed by the fiduciary with such State in order to maintain the fiduciary’s registration under the laws of such State, also filed a copy of such form with the Secretary; (iii) is a bank, as defined in that Act; or (iv) is an insurance company qualified to perform services described in subparagraph (A) under the laws of more than one State; and (C)has acknowledged in writing that he is a fiduciary with respect to the plan.

Source

29 USC § 1002(38)


Scoping language

For purposes of this subchapter
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