Abrdn Inc

CRD#111069
Investment Advisor Firm

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Learn more about Abrdn Inc

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Abrdn Inc is a financial advisory firm based in Philadelphia, Pennsylvania. The company has $52.1 billion in assets throughout 135 client accounts, placing it among the biggest financial advisory firms in the country by assets under management (AUM). It has a large group, including 48 financial advisors. Abrdn Inc is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable financial assets like options, equities and bonds.

    Abrdn Inc oversees more than half of the company's accounts on a discretionary basis. Discretionary management means that transaction decisions for the client's account are made by a portfolio manager without needing client authorization. The company also oversees three non-discretionary accounts totaling $1.2 billion in assets. The firm manages an average of $385.9 million for each customer account. An average financial advisor at Abrdn Inc administers about three client accounts, placing it among the most individualized advisor firms in the country.

    The company's central office is at 1900 Market Street, Philadelphia, Pennsylvania 19103. The firm is permitted to provide services to investors across 51 U.S. states and territories.

    Assets Under Management

    $52.1 billion

    Number of Advisors

    48

    Disclosures

    No

    Office Location

    1900 Market Street
    Philadelphia, PA 19103

    Abrdn Inc by the Numbers

    Total Assets Under Management

    $52.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    266

    National Average: 64
    Total Number of Accounts

    135

    National Average: 375,227
    Average Account Size

    $385.9 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors largely depend on which services the firm provides the client. Fee types billed by Abrdn Inc most likely include some combination of the following fee structures: asset-based, fixed, performance-based or other. The company participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    Back to Overview

    Types of Clients

    The company works with a broad range of clients. The company caters to investment companies, pooled investment vehicles, pension plans, state or municipal government entities, insurance companies, sovereign wealth funds, corporations and other. Out of its 135 clients, Abrdn Inc's largest client type is pooled investment vehicles. Around 50% of the firm's accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Abrdn Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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