APOLLO GLOBAL SECURITIES, LLC
Form CRS Customer Relationship Summary (as of August 2022)
Introduction
Apollo Global Securities, LLC (“we” or “us”) is registered with the U.S. Securities and Exchange Commission as a broker-dealer. Brokerage and investment advisory services and fees differ, and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.
What investment services and advice can you provide me?
We are the affiliated broker-dealer of Apollo Global Management, Inc. (“Apollo”), a NYSE-listed alternative investment manager. We do not provide investment advisory services or financial advice. The sole service we provide to retail investors is the placement of interests in investment funds managed by our affiliates (“Apollo Funds”). Apollo Funds have minimum investment amounts that are disclosed in the fund’s offering documents. It is our policy not to make investment recommendations and we do not offer ongoing investment-monitoring services.
Questions You May Want to Ask Us: What is your relevant experience, including your licenses, education, and other qualifications? What do these qualifications mean?
What fees will I pay?
You will not pay any fees to us related to any investment you make in an Apollo Fund, but your investment will be subject to various fees and allocations disclosed in the fund’s offering documents, which will be paid out of the fund’s assets and will reduce the value of your investment. These fees vary based on the particular fund but generally include a management fee paid to the manager, performance-based compensation paid to the manager or general partner, and other fees and expenses such as organizational and operating expenses. Certain fees charged by an Apollo Fund will apply regardless of whether the fund’s holdings increase in value. Please make sure you understand what fees and costs you will be paying in connection with your investment in an Apollo Fund.
Questions You May Want to Ask Us: Help me understand how fees charged by an Apollo Fund might affect the value of my investment in the fund.
What are our legal obligations to you when providing recommendations? How else do we make money and what conflicts of interest do we have?
If you request to invest in a specific Apollo Fund, we will not have any obligation to you to assess the suitability of the fund or whether the investment will be in your best interests. It is our policy not to make any investment recommendations, but if we provide you with a recommendation we have to consider your best interest and not put our interests ahead of yours. The core conflict of interest in any sale or recommendation we make is that we sell only proprietary products: Apollo Funds, which are sponsored and managed by our affiliates. We may be reimbursed by Apollo Funds for our expenses in placing their interests, including to retail investors. We also provide broker-dealer services besides fund placement, including but not limited to underwriting services and transaction advisory services, for which we receive fees.
Questions You May Want to Ask Us: How might your conflicts of interest affect me and how will you address them?
How do your sales representatives make money?
Our sales representatives are compensated based on a range of factors including, but not limited to, relationship management with prospective and current investors as well as success in placing interests in Apollo funds over a period of years. Our sales representatives are not compensated based on commission.
Do you or your financial professionals have legal or disciplinary history?
This information is available at Investor.gov/CRS.
Questions You May Want to Ask Us: Do you have any disciplinary history? For what type of conduct?
For additional information about our services, or if you would like additional, up-to-date information or a copy of this disclosure, please call (212) 515-3200.
Questions You May Want to Ask Us: Who is my primary contact person? Who can I talk to if I have concerns about how this person is treating me?
