# APS Asset Management Pte Ltd

> APS Asset Management Pte Ltd is an SEC-registered investment advisory firm in Singapore, Singapore, registered since 1999, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 18, 2026.

- CRD: 109189
- Filed as: APS ASSET MANAGEMENT PTE LTD
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Singapore, Singapore
- Filing period: October 2026
- Form ADV filing dated: March 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/109189
- AdvisorCensus page: https://advisorcensus.com/firm/aps-asset-management-pte-ltd-singapore-109189

## Quick answers

**How is APS Asset Management Pte Ltd compensated?**
On its Form ADV (Item 5.E, October 2026), APS Asset Management Pte Ltd reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is APS Asset Management Pte Ltd located?**
APS Asset Management Pte Ltd's principal office is in Singapore, Singapore, according to its Form ADV.

**Is APS Asset Management Pte Ltd registered with the SEC or a state?**
APS Asset Management Pte Ltd is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 109189.

**How much does APS Asset Management Pte Ltd manage?**
APS Asset Management Pte Ltd reports $2,225,901,406 in regulatory assets under management in its Form ADV filing dated March 18, 2026 (100% discretionary).

**How have APS Asset Management Pte Ltd's assets and staff changed since 2021?**
In the Form ADV data for APS Asset Management Pte Ltd: Regulatory assets under management: $1,931,513,389 in the October 2021 data and $2,225,901,406 in the October 2026 data, up 15%. Total employees: 50 in October 2021 and 39 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does APS Asset Management Pte Ltd serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Which custodians does APS Asset Management Pte Ltd use?**
APS Asset Management Pte Ltd's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Citibank N.A as a custodian holding 10% or more of its separately managed account assets.

**Does APS Asset Management Pte Ltd report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/109189

**What changed in APS Asset Management Pte Ltd's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 15 to 17. Regulatory assets under management went from $1,768,827,792 to $2,225,901,406 (+26%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Citibank N.A

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $2,225,901,406
- Discretionary: $2,225,901,406
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $650,992,992 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $1,574,908,414 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1999 (27 years)
- Employees: 39 total, 17 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- aps.com.sg
- LinkedIn @aps-asset-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,931,513,389 | 50 | September 6, 2021 |
| October 2022 | $2,095,769,874 | 45 | September 12, 2022 |
| October 2023 | $2,446,461,819 | 40 | February 8, 2023 |
| October 2024 | $1,544,573,577 | 41 | August 22, 2024 |
| October 2025 | $1,768,827,792 | 37 | April 8, 2025 |
| October 2026 | $2,225,901,406 | 39 | March 18, 2026 |

Regulatory assets under management: $1,931,513,389 in the October 2021 data and $2,225,901,406 in the October 2026 data, up 15%.
Total employees: 50 in October 2021 and 39 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 15 to 17.
- Regulatory assets under management went from $1,768,827,792 to $2,225,901,406 (+26%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. APS Asset Management Pte Ltd (CRD 109189): Form ADV filing data as of October 2026.