Amundi Pioneer Institutional Asset Management, Inc. is headquartered in Boston. The financial advisor offers portfolio management and advisor selection for institutional 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, Massachusetts; Miami, Florida; 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.
Amundi Pioneer Client Types and Minimum Account Sizes
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.
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.
The rates differ for equity strategies. The firm charges at least 0.50% for initial deposits of $50 million to separately managed accounts, 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.
For flexible or balanced strategies, separate account clients will pay between 0.15% and 0.70%, depending on the fund and the total assets.
Clients also pay performance-based fees.
Learn more about advisors' typical costs here.
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.
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) 622-9876.
All information is accurate as of the writing of this article.
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