ABRDN PLC (formerly known as Standard Life Aberdeen PLC) is a publicly traded company listed on the London Stock Exchange (LSE) under the ticker symbol “ABDN.” As of my knowledge cutoff of September 2021, the company had a market capitalization of around £5.8 billion. The ABRDN Share Price as of this post is at 202.50 GBX.
ABRDN PLC is a global investment company that provides asset management, financial planning, and other related services to individuals, institutions, and corporations. The company operates through various subsidiaries and brands, including Aberdeen Standard Investments, Standard Life, and Parmenion.
Like all publicly traded companies, the stock price of ABRDN PLC can fluctuate based on various factors, including overall market conditions, company performance, news events, and investor sentiment.
ABRDN PLC (formerly known as Standard Life Aberdeen PLC) is a British multinational financial services company with a history of over 200 years. Here is a brief history of the company:
- 1825: The company was founded as the Scottish Provident Institution for Widows and Orphans.
- 1838: The company changed its name to The Life Assurance Company of Scotland.
- 1929: The company merged with The Scottish Provident Institution to form The Scottish Provident and Life Assurance Company.
- 1996: The company demutualized and publicly traded on the London Stock Exchange.
- 2006: The company merged with the asset management firm Standard Life to form Standard Life Aberdeen.
- 2017: The company sold its Canadian operations to Manulife Financial.
- 2019: The company changed its name to Aberdeen Standard Investments and announced plans to sell its insurance business to Phoenix Group.
- 2021: The company changed its name again to ABRDN PLC and completed the sale of its insurance business to Phoenix Group.
Today, ABRDN PLC is a global investment company with over 1 trillion pounds in assets under management. It provides clients with various asset management and financial planning services worldwide.
- Diversification. ABRDN PLC is a global investment company with a diversified portfolio of investments across various asset classes and geographies. This can expose investors to a range of investment opportunities and help spread out risk.
- Experienced Management. ABRDN PLC has an experienced management team with a track record of successful investment strategies and a long history in the financial industry.
- Brand Recognition. ABRDN PLC is a well-known brand in the financial industry that can help attract clients and investors.
- Strong Financials. ABRDN PLC has a strong financial position, a large asset base, and a solid revenue and profit record.
- Innovation. ABRDN PLC is focused on innovation and leveraging new technologies to improve its services and offerings to clients.
Main Competitors of ABRDN
ABRDN PLC operates in the global investment management industry, which is highly competitive and includes a wide range of companies offering similar services. Some of ABRDN PLC’s main competitors in the industry include:
- BlackRock. BlackRock is the world’s largest investment management company, with over $8 trillion in assets under management. The company offers clients a range of investment management, risk management, and advisory services worldwide.
- Vanguard. Vanguard is a leading investment management company with over $7 trillion in assets. The company is known for its low-cost index funds and offers a range of other investment and advisory services.
- State Street Global Advisors. State Street Global Advisors is a leading investment management company with over $3 trillion in assets under management. The company offers a range of investment solutions, including index and active strategies, risk management, and advisory services.
- Fidelity Investments. Fidelity Investments is a global investment management company with over $4 trillion in assets under management. The company offers a range of investment products and services, including mutual funds, exchange-traded funds (ETFs), and retirement solutions.
- J.P. Morgan Asset Management. J.P. Morgan Asset Management is a leading investment management company with over $2 trillion in assets. The company offers clients a range of investment strategies and advisory services worldwide.