Aberdeen Asset Management Inc is the wholly-owned US subsidiary of Aberdeen Asset Management PLC, an international and independent asset management group that, as at April 30, 2008, services over $215.7 billion in assets from 26 offices around the globe. In the United States, our Philadelphia offices are our hub and include fixed income, US equity and specialist equity teams that manage over US$ 46.5bn of domestic investments at April 30, 2008. Our Philadelphia offices are also the base for US client servicing staff.
At Aberdeen, asset management is our sole business. This allows us to focus on what we do best. We also believe that our independent ownership structure, strong teamwork and global approach help offer our clients a distinct value added proposition. Our outlook is international and as a group we locate our investment managers in the regions wherever we invest. We believe this local presence in markets and our commitment to doing our own first-hand investment research means we both can identify opportunities and take advantage of anomalies to the long-term benefit of our clients' portfolios.
AAMI has been registered as an investment advisor under the Investment Adviser's Act of 1940 since August 23, 1995.