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APG Asset Management 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.

APG Asset Management U.S., Inc. (APG U.S.) is a fee-only investment management firm and subsidiary of APG Asset Management N.V. (APG N.V.), which is an investment advisor in the Netherlands. The financial advisor has a large team of advisors on staff and is located in New York.

This firm does not provide asset management to individual clients. For help finding one, use SmartAsset’s free financial advisor matching tool.

APG Asset Management Background

APG U.S. began its operations in 1998 as a subsidiary of APG N.V. Since then, the company has worked exclusively to provide investment advisory services to its parent company. APG N.V. is a subsidiary of APG Groep N.V., which Stichting Pensioenfunds ABP owns. ABP functions as a pension fund for Dutch government and civil service employees.

APG Asset Management Client Types and Minimum Account Sizes

APG U.S. only provides services to APG N.V., but the firm has a broker-dealer list it uses for client transactions. APG N.V.’s client base, on the other hand, primarily consists of Dutch pension funds. It also includes employers in the sectors of government, education, construction, cleaning and glass cleaning, housing associations, energy and utility companies, sheltered employment, medical specialists and practices of architects.

The company doesn’t specify a minimum account size requirement. 

Services Offered by APG Asset Management

APG U.S. offers investment advisory service for fixed income portfolios, listed real estate portfolios, private real estate portfolios, infrastructure portfolios, hedge fund portfolios, private equity portfolios and other investments structured as private investments. But its parent company, APG N.V., provides these services:

  • Executive consultancy
  • Asset management
  • Pension administration
  • Pension communication
  • Employers services 

APG Asset Management Investment Philosophy

In its service to APG N.V., APG U.S. believes in tailoring its investment advice to meet each specific portfolio’s needs. To forge a specialized approach to each portfolio, the firm follows client-approved investment guidelines. To make strategic investment decisions, the firm may employ a range of investment strategies, including macroeconomic analysis, credit analysis and fundamental analysis. In some instances, APG U.S. may also use quantitative analysis to evaluate market conditions and determine appropriate investment strategies. 

The firm retains the discretion to invest in any securities or products on behalf of its advised portfolios, as long as APG N.V. gives its approval.

Fees Under APG Asset Management

APG U.S. only provides administrative and investment advisory services to APG N.V., so it doesn’t offer a fee schedule. The firm negotiates fees annually, and the fees reflect costs with a mark-up for transfer price purposes. APG U.S.’s fees don’t include other costs like transaction fees, custodial fees or third party brokerage commissions. The firm’s fees also exclude the management fees which may result from private funds, mutual funds and exchange-traded funds (ETFs). 

What to Watch Out For

APG U.S. does not have any disclosures of legal or disciplinary action on its most recently filed Form ADV. But the firm also doesn't directly work with individual clients.

Another thing worth noting: APG U.S. is not accepting new clients. If you want to find an advisor to work with, use SmartAsset’s free financial advisor matching service.

Opening an Account With APG Asset Management

To learn more about APG Asset Management, visit the firm's website.

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