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AMG Funds Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

AMG Funds (AMGF) is a private advisory firm with billions in client assets under management (AUM). Headquartered in Stamford, Connecticut, this firm is part of Affiliated Managers Group (AMG), which is one of the largest investment companies in the world. AMG Funds was founded in 2001, but AMG's history stretches all the way back to 1993.

Rather than take the traditional approach of working directly with clients, AMG Funds is basically a curator or mutual funds and other investment products from a selection of investment advisor partners. Some of its partners include Beutel Goodman, GW&K Investment Management, Pantheon, TimesSquare Capital Management and more.

AMG Funds Background 

Established in 2001, AMGF functions as a private and wholly owned subsidiary of Affiliated Managers Group, Inc., a public asset management company. AMGF offers various investment solutions, including its family of mutual funds and the AMG Pantheon Funds. The firm currently offers more than 50 actively-managed products, with each fund being focused on specific areas of the market.

AMG Funds Client Types and Minimum Account Sizes 

AMG serves individuals, mutual funds, corporate pension and profit-sharing plans, public pension plans, charitable institutions, foundations, endowments and 401(k) sponsors and participants. 

The firm does not specify a minimum account size requirement, though some funds and products may have their own minimums.

Services Offered by AMG Funds 

AMGF primarily offers a selection of investment funds through its partner firms. Here's a breakdown of each of AMG Funds' affiliates:

  • Beutel Goodman
  • Boston Common Asset Management
  • First Quadrant
  • Frontier Capital Management
  • GW&K Investment Management
  • Harding Loevner
  • Montrusco Bolton Investments
  • Pantheon
  • Renaissance Investment Management
  • River Road Asset Management
  • TimesSquare Capital Management
  • Tweedy, Browne Company
  • Veritas Asset Management
  • Yacktman Asset Management

Clients also have access to wrap fee programs. These include all charges (advisory, transactional, custodial etc.) under a single rate.

AMG Funds Investment Philosophy 

AMGF strives to provide a single, efficient point of access to boutique firms throughout the world, according to its website. In making investment decisions, the firm utilizes an investment committee that manages its investment products and strategies. 

AMGF mainly relies on quantitative data from third-party vendors, financial newspapers, corporate rating services, annual reports, prospectuses, mutual funds-related research and company press releases.

Fees Under AMG Funds

AMGF doesn’t specify the asset levels and rates for its standard fee schedule, but the firm says those fees are available in fund prospectuses and in-service contracts. AMGF charges management fees for wrap programs and other separately managed accounts (SMAs), but the firm doesn’t specify these fees either. 

When it comes to mutual funds, AMGF charges two separate types of fees: shareholder fees and annual fund operating expenses. Shareholder fees may additionally include account fees and exchange fees, according to the firm’s brochure. Annual fund operating expenses include management fees, distribution fees and other expenses.

What to Watch Out For 

AMG Funds has one regulatory disclosure on its SEC-filed Form ADV. This involved its affiliate, AMG Distributors, Inc., so the Form ADV doesn’t list specifics.

Opening an Account With AMG Funds

The best way to access AMG Funds' services is to visit the firm's website. If you're so inclined, you can also call the firm at (203) 299-3500.

All information was accurate as of the writing of this article.

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How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research