Aberdeen Asset Management Inc (Philadelphia)


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.

Aberdeen Asset Management: assets under management

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 firm manages $41.54 billion in discretionary accounts and $9.39 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $103.09 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.17 billion.
Aberdeen Asset Management has custody of $9.26 billion in cash and securities for 25 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in sovereign bonds form 8% of the total invested assets.

Fees & Commissions

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.

What kind of clients Susan Elizabeth Mullin serves?

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.

Careers at Aberdeen Asset Management Inc

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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Aberdeen Asset Management Plc Shareholder 1 Jan 1994 75% - 100% n/a
Beverley (Nmn) Hendry Chief executive officer, chief operations officer, vice president, treasurer and director 1 Aug 1995 Other 4375005
Martin James Gilbert President and director 1 Aug 1995 Other 4360394
Susan Elizabeth Doyle Vice president, head of consultant relations - us 1 Sep 2001 Other 1684627
Susan Elizabeth Mullin Director 1 Sep 2001 Other 1684627
Susan Elizabeth Connerney Chief compliance officer 1 Jun 2004 Other 2930835
Andrew Alasdair Smith Chief executive officer, co-head of americas and chief operating officer 1 Jan 2005 Other 4909668
Timothy Patrick Sullivan Director 1 Jan 2005 Other 1546670
James Anderw Capezzuto Vice president, chief compliance officer 1 Oct 2005 Other 1845909
Stephen Raymond Ilott Director 1 Oct 2005 Other 4620391
Alan Robin Goodson Vice president, secretary 1 Oct 2005 Other 4492919
Christian Alexander Pittard Director, president, chief executive officer 1 Oct 2005 Other 4492227
James Andrew Capezzuto Vice president, chief compliance officer 1 Oct 2005 Other 1845909
Gary William Bartlett Chief investment officer 1 Dec 2005 Other 1085620
Alexa Virata Digiorgio Chief operating officer 1 Dec 2005 Other 2494953
Christian Alexander Pittard Director, vice president 1 Sep 2006 Other 4492227
Gary William Bartlett Director, chief executive officer, head of us fixed income 1 Sep 2006 Other 1085620
Jennifer Ann Nichols Director, vice president, global head of legal 1 Jul 2007 Other 5376493
Bruce Anthony Rodio Director, head of business development 1 Oct 2007 Other 1655300
Vincent James Esposito Director, head of north american mutual funds 1 Oct 2007 Other 1330418
Mohamed Shahreza Yusof Director, head of us equities 1 Oct 2007 Other 5276604
Gary Steven Swiman Chief compliance officer 1 Oct 2007 Other 2637243
Timothy Patrick Sullivan Vice president 1 Aug 2008 Other 1546670
Paul Jonathan Atkinson Vice president 1 Oct 2008 Other 2101558
Brian Michael Ferko Chief compliance officer, vice president 1 Nov 2008 Other 2524425
James Christopher Gagnier Vice president 1 Nov 2008 Other 1305719
Andrew Arthur Laing Director, interim chief executive officer 1 Dec 2008 Other 5071638
Nicola Jane Espie Secretary 1 Feb 2009 Other 5640927
Nigel Stuart Storer Vice president 1 Feb 2009 Other 5640934
Alan Robin Goodson Vice president, head of product - us 1 Jul 2009 Other 4492919
Gary Robert Marshall Chief executive officer, director 1 Nov 2009 Other 5071639
Gary Robert Marshall Chief executive officer, director 1 Dec 2009 Other 5071639
Paul Jonathan Atkinson Director, vice president, head of north american equities 1 Apr 2010 Other 2101558
Andrea Lee Melia Vice president, head of fund administration - us 1 Apr 2010 Other 2174935
Richard F. Fonash Vice president, head of aberdeen solutions - us 1 Apr 2010 Other 4705848
Aileen Gall Strachan Vice president, chief compliance officer 1 May 2010 Other 5793661
Christopher Michael Edwards Vice president, head of business systems - americas 1 Aug 2010 Other 5873271
Jeffrey Lawrence Cotton Director, vice president, head of compliance - americas 1 Nov 2010 Other 4713561
Marika Irma Tooze Vice president, head of human resources - americas 1 Dec 2012 Other 6148744
Gene R. Janvier Vice president, head of business development - wealth management, americas 1 May 2013 Other 4537626
Tracey J Grant Vice president, head of institutional business development - north america 1 May 2013 Other 5070819
Lisa Kupper Secretary 1 Oct 2013 Other 6291029
David Andrew Steyn Director, head of the americas 1 Feb 2014 Other 4782847
Beverley (Nmn) Hendry Chief executive officer, treasurer, co-head of americas, chief financial officer and udp 1 Sep 2014 Other 4375005
Charles Tan Director, vice president and deputy head of north american fixed income 1 Sep 2014 Other 6418914
Sofia Rosala Chief compliance officer, deputy head of compliance - americas 1 Mar 2015 Other 3184911
Ralph Emerson Bassett Director, head of north american equities 1 Jun 2015 Other 6519917
Christopher Thomas Demetriou Director, vice president, head of finance - americas 1 Sep 2015 Other 6564801
Geoffrey Allan Trzepacz Chief operating officer 1 Dec 2016 Other 6740094
Joseph Bernard Andolina Chief compliance officer 1 Mar 2018 Other 6931174

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Standard Life Aberdeen Plc Shareholder 1 Aug 2017 75% - 100% n/a

Based in Philadelphia

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.