ATLANTA, April 26, 2012 /PRNewswire/ -- Atlantic Trust, the private wealth management division of Invesco Ltd. (NYSE: IVZ), announced today that the firm achieved record growth in assets under management (AUM) in the first quarter as a result of its ongoing emphasis on building long-term fiduciary relationships with its clients across the country.
Atlantic Trust added more than $600 million AUM growth during the first three months of 2012, which followed a record year of $1.4 billion AUM growth in 2011. The firm, which has experienced positive net asset flows in every quarter for the last five years, now has $19.5 billion AUM.
"Our organic growth is a direct result of our ongoing commitment to providing investment excellence and superior service to our clients," said Jack Markwalter, Chairman and CEO. "The vast majority of our new business is referred to us by existing clients and friends of our firm, which underscores the critical importance of keeping our clients' interests at the center of all we do."
A strong client retention rate and a steady inflow of assets from existing clients and new client relationships at the firm's 11 office locations from coast to coast have been hallmarks of Atlantic Trust's success.
"A key differentiator for us during these last five years has been the fact we provide our clients with a platform that is free from many of the conflicts of interest inherent in other business models. Atlantic Trust's transparency and objectivity instills a sense of confidence and trust," said Eric Propper, president and COO. "Our sole focus is wealth management, and our record growth can be attributed to our growing reputation for responsibly managing clients' assets."
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 $19.5 billion in assets under management (as of March 31, 2012), Atlantic Trust is the private wealth management division of Invesco Ltd. (NYSE: IVZ). For more information, visit www.atlantictrust.com.
*In 2011, The Luxury Institute ranked Atlantic Trust No. 1 among 35 private wealth management firms based on quality, exclusivity, social status and self-enhancement. Ratings, rankings or awards may not be representative of any one client's experience, because the rating reflects an average of all, or a sample of 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. For more information visit www.luxuryinstitute.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.
SOURCE Atlantic Trust