ATLANTA, May 10, 2011 /PRNewswire/ -- Atlantic Trust, the private wealth management division of Invesco Ltd. (NYSE: IVZ), today announced the firm has been named the top wealth management firm in the U.S., according to the 2011 Luxury Brand Status Index (LBSI).
Atlantic Trust scored the highest among 35 private wealth management firms in the survey with an overall LBSI score of 6.96 out of a maximum possible 10. The LBSI measures four separate indices – Quality, Exclusivity, Social Status and Self-Enhancement.
"This recognition validates our firm's commitment to serve as our clients' most trusted advisor and deliver the highest quality client experience," said Jack Markwalter, Chairman and CEO of Atlantic Trust. "Our firm is unique in the way we have pulled together the various components of wealth management: a fiduciary culture, a singular focus on wealth management in a boutique setting, an open architecture investment platform of proprietary and external managers, an integrated approach to financial and legacy planning, and a national footprint. Competitor firms may offer some of these components, but we are one of the few who deliver all of them. In addition, our clients benefit from the depth of talent and experience of our senior client service team as well as from being part of Invesco, a leading global investment manager."
The Luxury Institute, a New York-based research firm, conducted research among 500 pentamillionaires (defined as wealthy consumers with a minimum annual income of $200,000 along with a minimum net worth of $5 million) about their opinions of luxury brands.
In addition to its top overall ranking, Atlantic Trust ranked first as being the private wealth management firm that is most unique and exclusive, as well as having clients who are admired and respected. The survey also revealed Atlantic Trust is well worth a price premium and is among two firms wealthy consumers are likely to recommend to people they care about.
Several factors have contributed to this success, including strong client retention and a steady inflow of assets from existing clients and new client relationships, which has led Atlantic Trust to 16 consecutive quarters of net inflows through March 31, 2011.
About the Luxury Institute
The Luxury Institute is the uniquely independent and impartial ratings, research and Luxury CRM consulting institution that is the trusted and respected voice of the high net-worth consumer. The Institute provides a portfolio of proprietary publications, research and consulting services that guide and educate high net-worth individuals and the companies that cater to them on leading edge trends, high net-worth consumer rankings and ratings of luxury brands, and best practices. For more information visit: www.LuxuryInstitute.com.
Information: This rating may not be representative of any one client's experience, because the rating reflects an average or all, or a sample or all, of the experiences of Atlantic Trust's clients. Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant over time.
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 approximately $17.5 billion in assets under management (as of March 31, 2011), Atlantic Trust is the private wealth management division of Invesco Ltd. (NYSE: IVZ). For more information, visit www.atlantictrust.com.
Invesco is a leading independent global investment manager 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 company is listed on the New York Stock Exchange under the symbol IVZ.
SOURCE Atlantic Trust