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Amundi Asset Management Review

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Amundi Pioneer Institutional Asset Management

Amundi Pioneer Institutional Asset Management, Inc. is a fee-only firm headquartered in Boston. The financial advisor offers portfolio management and advisor selection for institutional clients, and it currently has more than $17.4 billion in assets under management (AUM). The firm provides services to more than 100 clients. 

Amundi primarily provides advisory services for businesses and institutional clients. If you’re looking for a firm that specializes in account management for individuals, consider using SmartAsset’s free financial advisor matching service

Amundi Pioneer Background

Amundi Pioneer is registered as a commodity pool operator and commodity trading advisor with the Commodity Futures Trading Commission (CFTC). The firm has offices in Boston, Miami and Durham, North Carolina. The Boston office focuses on equity and fixed income instruments, while the Durham office focuses solely on fixed income investments. 

Amundi Pioneer is a wholly-owned subsidiary of Amundi Pioneer Asset Management USA, Inc., which is a subsidiary of Amundi USA, Inc. Amundi USA is a wholly owned subsidiary of Amundi, and Amundi is controlled by Credit Agricole S.A. 

What Types of Clients Does Amundi Pioneer Accept?

The firm offers investment advisory services to unregistered pooled investment vehicles, collective investment trusts (CITs) and pension and profit sharing plans. Its separate account clients include charitable organizations, endowments, high-net-worth individuals, corporations and other businesses, central and supranational banks and state and local retirement boards.  

Amundi Pioneer Minimum Account Sizes

For separately managed accounts, the firm requires an initial investment of $100,000. For CITs and unregistered investment vehicles, the minimum account size is $3 million. 

Services Offered by Amundi Pioneer

Amundi Pioneer offers clients a wide selection of investment services and strategies. These include:

  • Investment management
    • Portfolio management 
    • Research
    • Trading 
  • Investment strategies
    • U.S. and international
    • Global
    • Fixed income
    • Equity solutions
    • Multi-sector strategies

Investment Philosophy

Through its offering of both U.S. and international, global, fixed income and equity solutions, Amundi Pioneer strives to meet the needs of institutional investors on a global level. The firm also commits itself to fundamental research when seeking promising investing opportunities. 

Portfolio management of client portfolios is separated into teams, based on shared elements of market, style and investment objectives. The teams are composed of investment professionals who collaborate to determine portfolio composition and prospective investments. In addition, each designated portfolio manager, or team of managers, monitors client portfolios on a day-to-day basis. 

Fees Under Amundi Pioneer

Amundi Pioneer bills clients monthly or quarterly in arrears, but advisory fees may be negotiated on an individual basis. For the fixed income strategies, the monthly management fees range from 0.20% to 0.70%, depending on the deposit size and account type. For separate accounts, the lowest rate for an account size of $50 million is 0.20%, while the highest rate is 0.70% for the first $100 million a client deposits. For CITs, clients will pay at least 0.30% on the first $50 million or 0.25% maximum on the first $100 million. But for the $50 million initial deposit size, they’ll pay 0.60% at most. For unregistered pooled investment vehicles (LLC), the firm charges a minimum of 0.30% on the first $50 million deposit. Clients with an initial deposit of $100 million will pay 0.25% at most. The maximum rate Amundi Pioneer charges for initial deposits of $50 million is 0.60%. 

The rates differ for equity strategies. The firm charges at least 0.50% for initial deposits of $50 million, while it charges a maximum of 0.66% for the same deposit value. For CITs, clients will pay at least 0.45% on the first $50 million, while they’ll pay 0.60% at most. The rate ranges of LLC accounts, for initial deposits of $50 million, match those of the previously mentioned CIT accounts.   

For flexible or balanced strategies, separate account clients will pay 0.30% on an initial deposit of $50 million. They’ll pay 0.70% on the first $100 million. For the CIT and LLC accounts, clients will pay 0.65% on the first $50 million. 

Clients also pay performance-based fees. 

What to Watch Out For

The firm manages accounts that are charged a performance-based fee, as well as accounts that are charged an asset-based fee. This may create an incentive for firm advisors to make dangerous investments on accounts through which they earn performance-based fees, with the hopes that it will generate greater returns.

Amundi Pioneer only provides management for institutional clients, so you may want to consider other advisors if you’re looking for separate account management for individuals. SmartAsset’s free financial advisor service can help you narrow down your search. 

Disclosures 

The firm’s Form ADV lists several disclosures that solely involve the firm’s affiliates. Each of the disclosures are related to regulatory violations, but the firm itself doesn’t have any. 

Opening an Account With Amundi Pioneer

If you’re interested in opening an account with Amundi Pioneer, you’ll have a few options for getting in touch. You can fill out the firm’s online contact form, and a representative or advisor will get in touch with you. You can also call or visit the firm’s Boston, Miami or Durham offices to speak with an advisor. The firm’s website lists several customer service lines for prospective or current investors, and it additionally offers an inquiry email and toll-free fax line. You can reach its main office by calling (800) 821-1239.

Where is Amundi Pioneer Located? 

Amundi Pioneer has offices in Boston, Miami and Durham, North Carolina. The firm is headquartered in Boston at 60 State Street. 

Tips to for Saving for Retirement

  • Before you begin saving for retirement, it helps to have a strategy. Whether you decide to set aside money periodically or invest in an employer-sponsored savings plan, you’ll want to keep track of your assets and how close you are to reaching your goal. SmartAsset’s retirement calculator can give you a better idea of how much you’ll need for a comfortable retirement.
  • If you’re looking for expert advice with your finances, a financial advisor could be right for you. But how do you find the most suitable professional? SmartAsset’s free financial advisor matching tool will pair you with up to three local advisors who suit your financial needs. All you’ll need to do is complete a short questionnaire, and you’ll be one step closer to reaching your ideal financial situation.

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

How Many Years $1 Million 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.

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

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

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%. This reflects the typical return on a conservative investment portfolio. 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