Atlantic Trust's Accomplishments Grow with 22 Consecutive Quarters of Positive Flows
A satisfied client base and new business inflows amidst uncertain financial markets help firm achieve a record $19.9 billion in assets under management, 5.5 years of positive net flows.
ATLANTA, Nov. 5, 2012 /PRNewswire/ -- Atlantic Trust, the private wealth management division of Invesco Ltd. (NYSE: IVZ), announced today that the firm achieved 22 consecutive quarters of positive net flows and record assets under management of $19.9 billion as of September 30, 2012.
"Growth is meaningful for Atlantic Trust's clients, as it allows us to continue investing in our business, specifically our investment platform and our client service capabilities," said Jack Markwalter, chairman and CEO of Atlantic Trust. "It's the steady and consistent growth of Atlantic Trust—5.5 consecutive years of positive net flows amidst uncertain financial markets—that continues to differentiate our firm from competitors."
Strong client retention and a steady inflow of assets from existing and new client relationships add to Atlantic Trust's continued success. Year to date through September 30, the firm has posted a 99.5% retention rate among clients with more than $5 million in assets under management, with more than half of the firm's 11 offices achieving 100% client retention. Of the net flows, 63% have come from new business and 37% from client additions. These flows represent a healthy blend of new relationships, which typically are referred to us from clients and other industry professionals, and current clients showing their confidence in the firm by continuing to grow their relationship with Atlantic Trust.
About Atlantic Trust
Atlantic Trust is one of the nation's leading private wealth management firms, offering integrated wealth management for high net worth individuals, families, foundations and endowments. The firm considers clients' financial, trust, estate planning and philanthropic needs in developing customized asset allocation and investment management solutions. Experienced professionals deliver a broad range of offerings, including proprietary investment offerings and a robust open architecture platform of traditional and alternative managers. Atlantic Trust operates in 11 full-service locations throughout the U.S. With $19.9 billion in assets under management (as of September 30, 2012), Atlantic Trust is the private wealth management division of Invesco Ltd. (NYSE: IVZ). For more information, visit www.atlantictrust.com.
About Invesco Ltd.
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
SOURCE Atlantic Trust