July 24, 1991
TO: MEMBERS - ONE PER COMPLEX NO. 30-91
RE: SURVEY OF BUSINESS ACTIVITIES OF FUND ADVISERS
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The Institute is conducting a survey of members to
determine the extent of their involvement in insurance and other
activities not related to the securities or banking business.
The purpose of the survey is to aid the Institute in evaluating
legislative proposals for financial services restructuring that
would limit the types of securities firms (including mutual fund
advisers) that could become affiliated with banks, based on their
activities or those of affiliated firms.
Please complete the attached survey and return it to
Michael Branch by fax no later than Friday, August 9. (The fax
number is 202/659-1519.) Please note that the survey requires
that you indicate activities engaged in by both your advisory
firm and all affiliated firms. Thus, it will be necessary to
refer to the consolidated assets of any ultimate parent company
in order to complete the survey properly.
Some Institute members responded to a similar survey this
January. Please note that this survey is somewhat different;
specifically, it requests that you estimate the extent of non-
securities activities based on consolidated assets, rather than
gross revenues.
Any questions on the survey may be directed to Craig S.
Tyle (202/955-3522). We greatly appreciate your help in this
matter.
Matthew P. Fink
Senior Vice President &
General Counsel
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