Walter Scott & Partners Limited (Edinburgh)

Name: Walter Scott & Partners Limited
Address: One Charlotte Square,, Edinburgh, Eh2 4 Dr
Telephone: 44-131-225-1357

Walter Scott & Partners Limited is a large advisory firm based in Edinburgh. It manages $59.97 billion of regulatory assets for 165 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Delaware, Illinois, and Texas.

Walter Scott & Partners Limited provides 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.

Walter Scott & Partners Limited: assets under management

The assets under management (AUM) of Walter Scott & Partners Limited is $59.97 billion. The firm's AUM has grown by 1874% since the beginning of its operation, and $33.04 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $58.9 billion in discretionary accounts and $1.07 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $361.36 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $533.78 million.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Walter Scott & Partners Limited for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Downie Smith serves?

The firm provides services to insurance companies, investment companies, other investment advisers, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of James Downie Smith is pension and profit sharing plans with 88 clients and $30.18 billion of assets under management. Among the 10 most similar advisory firms, Walter Scott & Partners Limited has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $57.86 billion for 146 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 52% of the firm’s clients are foreign persons or businesses.

Walter Scott & Partners Limited also advises several private funds.

Careers at Walter Scott & Partners Limited

The company employs 129 people that are either part- or full-time employees. 32 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 2 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.

James Downie Smith has been acting as President since 1 Jan 1994. John Randolph Miller joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Walter Grant Scott	Chairman & managing director	1 Oct 1985	50% - 75%	4393423
Marilyn Ruth Harrison	Director	1 Oct 1985	Other	4393447
Kenneth John Lyall	Director	1 May 1986	Other	4393451
James Downie Smith	Director	1 Jan 1994	Other	4393465
Pamela June Maxton	Director	1 Feb 1998	Other	4393469
Pamela June White	Director	1 Feb 1998	Other	4393469
John Clark	Non-executive director	1 Oct 1999	Other	4393438
Alistair Lyon Dean	Company secretary & compliance officer	1 Nov 2000	Other	4393472
Mcfarlane Alan	Director	1 Sep 2001	Other	4461533
Alan Mcfarlane	Director	1 Sep 2001	Other	4461533
Sharon Frances Bentley Hamlyn	Director	1 Oct 2001	Other	4478772
Walter Grant Scott	Chairman	1 Apr 2003	75% - 100%	4393423
Alan Mcfarlane	Managing director	1 Apr 2003	Other	4461533
Rodger Hume Nisbet	Director	1 Feb 2004	Other	4746596
John Clark	Director	1 Apr 2004	Other	4393438
Alistair Lyon Dean	Company secretary & chief compliance officer	1 Oct 2004	Other	4393472
Ronald Philip O'hanley	Director	1 Oct 2006	Other	4331592
Jonathan Michael Little	Director	1 Oct 2006	Other	4821117
Mellon International Limited	Owner	1 Oct 2006	75% - 100%	foreign entity
Bny Mellon International Limited	Owner	1 Oct 2006	75% - 100%	foreign entity
Bny Mellon International Asset Management Group Limited	Owner	1 Oct 2006	75% - 100%	foreign entity
Kenneth John Lyall	Chairman	1 May 2007	Other	4393451
Alistair Lyon Dean	Director, company secretary & chief compliance officer	1 Mar 2008	Other	4393472
Roy Mcgregor Leckie	Director	1 Jun 2008	Other	5566792
Elizabeth Lois Pearston	Director	1 Jun 2008	Other	5566796
Jane Elisabeth Henderson	Director	1 Jun 2008	Other	5566790
Colin John Wood	Company secretary	1 Jan 2009	Other	5403706
Charles Edward Macquaker	Director	1 Mar 2009	Other	5662234
Anna Louise Nicholl	Chief compliance officer	1 Sep 2009	Other	5708245
Jane Elisabeth Henderson	Managing director	1 Jan 2010	Other	5566790
Rodger Hume Nisbet	Deputy chairman	1 Jan 2010	Other	4746596
Mitchell Evan Harris	Director	1 Jul 2010	Other	4359464
Bnym International Asset Management (Holdings) No. 1 Limited	Owner	1 Feb 2013	75% - 100%	foreign entity
Rodger Hume Nisbet	Executive chairman	1 Jun 2013	Other	4746596
Robert Alexander Hammond Chambers	Director	1 Feb 2019	Other	7090403
John Randolph Miller	Director	1 Mar 2019	Other	6064698

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Bank Of New York Mellon Corporation	Owner	1 Oct 1998	75% - 100%	56-2643194
Mellon Financial Corporation	Owner	1 Oct 1998	75% - 100%	25-1233834
Mbc Investment Corporation	Owner	1 Oct 1998	75% - 100%	51-0301132
Mellon International Holdings Sarl	Owner	1 Oct 2006	75% - 100%	foreign entity
Neptune Llc	Owner	1 Oct 2006	75% - 100%	104389
Mbc Investment Corporation	Owner	1 Sep 2011	75% - 100%	51-0301132
Mbc Investment Corporation	Owner	1 Feb 2013	75% - 100%	51-0301132
Bny Mellon Investment Management (Jersey) Ltd	Owner	1 Feb 2013	75% - 100%	foreign entity
Bny Mellon Investment Management (Europe) Ltd	Owner	1 Feb 2013	75% - 100%	foreign entity
Bny Mellon Investment Management Europe Holdings Ltd	Owner	1 Feb 2013	75% - 100%	foreign entity
Bny Mellon International Asset Management Group Limited	Owner	1 Feb 2013	75% - 100%	foreign entity
Bnym International Asset Management (Holdings) Ltd	Owner	1 Feb 2013	75% - 100%	foreign entity
Mbc Investments Corporation	Owner	1 Feb 2013	75% - 100%	51-0301132
Llc Bny Mellon Ihc	Owner	1 Apr 2017	75% - 100%	82-2121983

Based in Edinburgh

The principal office where Walter Scott & Partners Limited performs its advisory services is located at One Charlotte Square,, Edinburgh, Eh2 4 Dr, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 44-131-225-1357 or by fax 44-131-225-7997. The normal business hours are 0830 - 1800 on Monday - Friday. You can find more information about the New York firm at bnymellon.com.