Walter Scott & Partners Limited (Edinburgh)


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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. 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.