Abrdn Inc

CRD#111069
Investment Advisor Firm

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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.

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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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