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AMC requesting other AMC Client lists from an appraiser to review

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AMC Panel Requirements

Q: " I’m trying to join a panel with a new AMC client. They’ve asked me to provide a list of other AMCs I work with and how long I’ve been working with them before they accept me. Is this a common requirement? Are they allowed to ask for this information? Isn’t my work with other clients confidential?

A: I have to say that I have not heard about this request before, but I cannot tell you whether the information they are seeking from you is confidential, or not. As with many things, I think this is a business decision for you to make. If you think this AMC is asking for information you don’t want to provide, I suppose you can first tell them that it makes you uncomfortable informing them what other companies you do work for and see if they will waive that requirement. You never know if you don’t ask.

If they insist on getting that information, then you must decide if providing what they want is worth getting their business. There are many AMC’s that do not require disclosure of this sort of information, so you will have to make some additional inquiries.

Would you like Claudia to manage your liability concerns?