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APG Asset Management Review

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APG Asset Management

APG Asset Management US, Inc

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 more than $132 billion in assets under management, with fewer than two dozen clients. 

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

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 

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.

One 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

Because APG U.S. only provides services to APG N.V., the firm isn’t accepting new clients.

Tips for Saving for Retirement

  • If you’re looking for ways to grow your nest egg, investing is likely the best option. SmartAsset’s retirement calculator can give you an idea of how much you need to sock away on a regular basis.
  • Expert guidance can only better equip you for success. SmartAsset’s free financial advisor matching tool pairs you with up to three advisors in your area.

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