Abrdn Inc
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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
Number of Advisors
Disclosures
Office Location
Abrdn Inc by the Numbers
$52.1 billion
266
135
$385.9 million
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
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
-
Offered by 10% of firms
Other
Unavailable
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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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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