Aegon Asset Management US provides investment management services and products primarily to institutional clients such as pooled investment vehicles. It doesn’t serve individual clients. So if you’re looking for an advisor who can provide financial planning services, use SmartAsset's free advisor matching tool.
Aegon Asset Management US is also known Aegon USA Investment Management, LLC. The firm uses the former as the primary business name to market its asset management products and services.
Aegon Asset Management Background
Aegon began operations as a fixed-income portfolio manager in 2001. Today, it provides active investment management to portfolios comprised mainly of equities, fixed-income, private placements and derivatives.
The firm is a direct, wholly owned subsidiary of Aegon USA Asset Management Holding, LLC and an indirect wholly owned subsidiary of Aegon NV, a Netherlands-based financial services organization.
Aegon Asset Management Client Types and Minimum Account Sizes
Aegon works with various types of clients including:
- Insurance companies
- Corporate pension and profit-sharing plans
- Pooled investment vehicles such as mutual funds, collective investment trusts (CITs) and privately offered alternative vehicles
- Banks
- Charitable organizations and endowments
- Government plans and municipalities
- Foreign funds such as Undertakings for Collective Investments in Transferable Securities (UCITS)
- US and foreign institutions
- Other investment advisors and companies
The firm generally requires a minimum investment of $50 million to receive its services. This minimum may vary, depending on several factors such as investment strategy and product structure. Aegon may waive these requirements at its discretion.
Services Offered by Aegon Asset Management
Aegon provides investment products and services to a range of institutional clients. It conducts its business through separately managed accounts including open-end mutual funds, UCITS and private funds.
In addition, the firm provides investment services to insurance companies and pension plans.
Aegon Asset Management Investment Philosophy
Aegon engages in the following investment strategies:
- Fundamental Fixed-Income: involves one or more fixed-income asset classes, duration-sensitive or cash flow management strategies and constrained strategies based on client restrictions
- Multi-Asset Strategies: entails several asset classes customized to client-specific parameters
- Investment Solutions: diversifies strategies based on the client’s liability profile and includes a form of asset-liability management for insurance companies and liability-driven investing for pension plans
Fees Under Aegon Asset Management
For discretionary investment management services, Aegon generally charges fees based on a percentage of AUM. These may be negotiable. In addition, the firm may charge performance-based fees. In such cases, fees may be higher if investments perform well, relative to certain parameters established between the client and the firm.
What to Watch Out For
Aegon Asset Management has one regulatory disclosure listed on its Form ADV. This disclosure relates to issues between 2011 and 2015 when Aegon made errors in the implementation of its asset allocation models. As a result, the firm submitted to censure and paid a fine.
Aegon shares a business relationship with certain insurance companies. This arrangement may create potential conflicts of interests as advisors may be incentivised to allocate client assets across these firms’ products. That said, Aegon must uphold fiduciary standards to work in the best interests of its clients at all times.
Opening an Account With Aegon Asset Management
To contact Aegon, visit its website or call the firm at (319) 355-3598. You can also visit the firm in person at its Iowa office.
All information is accurate as of the writing of this article.
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