ATLANTA, Nov. 27, 2012 /PRNewswire/ -- Atlantic Trust, the private wealth management division of Invesco Ltd. (NYSE: IVZ), has moved its Washington, D.C. office to a larger office space -- 1201 F Street, NW, Suite 900, bringing together its experienced Washington, D.C. and Baltimore teams to create a new Mid-Atlantic Headquarters to better serve the firm's growing list of affluent clients in the region.
"I'm very pleased to see our Washington, D.C. office move into their new, larger office space under the experience and leadership of Managing Director Andrew Nichols, who will now oversee the firm's Washington, D.C. and Baltimore teams," said Jack Markwalter, chairman and CEO for Atlantic Trust. "This strategic move better positions Atlantic Trust in the Mid-Atlantic region and is part of our successful, ongoing efforts to expand our business, attract top talent and provide clients with personalized wealth management and investment solutions."With more than 37 years of industry experience, Nichols has led Atlantic Trust's Baltimore office since 2006. Year to date, the Baltimore office has maintained a 100% client retention rate, demonstrating that clients continue to maintain confidence in Atlantic Trust's strong investment performance and fiduciary mindset. "Moving to a larger office gives Atlantic Trust greater critical mass and better positions us to continue to grow our presence in Washington, D.C. and the surrounding Mid-Atlantic region," says Eric Propper, CFA, president and chief operating officer for Atlantic Trust. Combined, the Washington, D.C. and Baltimore offices had more than $1.0 billion in assets under management (AUM) as of October 31, 2012, increasing AUM by $192 million, or 21.8%, during the past year. The Mid-Atlantic team also has four senior wealth advisors with an average of 29 years of experience, one business development officer and six client service professionals -- all working to maintain a combined 98% client retention rate between the offices since the beginning of 2012. Chief Investment Officer David Donabedian, CFA, works from both the Washington, D.C. and Baltimore offices, as well. To view biographies for the firm's Mid-Atlantic professionals, please visit http://www.atlantictrust.com/our-team . About Atlantic TrustAtlantic 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 $19.8 billion in AUM (as of October 31, 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
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