Aberdeen Asset Management Inc is a large advisory firm based in Philadelphia. It manages $50.94 billion of regulatory assets for 411 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Aberdeen Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Aberdeen Asset Management Inc is $50.94 billion. The firm's AUM has grown by 7463% since the beginning of its operation, and $6.3 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Aberdeen Asset Management Inc for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Susan Elizabeth Mullin is pooled investment vehicles with 93 clients and $18.4 billion of assets under management. Among the 6 most similar advisory firms, Aberdeen Asset Management has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $50.94 billion for 171 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 16% of the firm’s clients are foreign persons or businesses.
Aberdeen Asset Management also advises several private funds. Namely, seven hedge funds, two real estate funds, twenty two other private funds, eighteen private equity funds, and fifteen venture capital funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.
The company employs 347 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 7 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Susan Elizabeth Mullin has been acting as President since 1 Sep 2001. Gary William Bartlett has served as the Chief Investment Officer since 1 Dec 2005. Joseph Bernard Andolina joined the executive team most recently as the Chief Compliance Officer.
The principal office where Aberdeen Asset Management Inc performs its advisory services is located at 1735 Market Street, Philadelphia, PA 19103, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 215-405-5700. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at aberdeen-asset.us.