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Atlantic Trust Positive Momentum Continues

Stocks in this article: CM IVZ

ATLANTA, Aug. 6, 2013 /PRNewswire/ -- Atlantic Trust today announced the firm growth continues, with $21.7 billion in assets under management (AUM), including $939 million of net flows year-to-date through June 30, 2013. For the second quarter, Atlantic Trust's ending AUM of $21.7 billion represents a 7.2% increase since year-end 2012 ( $20.3 billion).

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"It's this steady and consistent growth of Atlantic Trust—over six consecutive years of positive net flows and record AUM—that demonstrates client confidence in the value of the services we provide to their families every day," said Jack Markwalter, chairman and CEO of Atlantic Trust. "We are achieving definite, positive momentum as we continue to invest in our business, working with our colleagues at Invesco and CIBC toward our expected close in the fourth quarter of 2013."

Atlantic Trust attributes its long-standing success to strong client retention and a steady inflow of assets from existing and new client relationships. Year-to-date through June 30, 2013, the firm has achieved a 99% retention rate among clients with more than $5 million in AUM, who entrust an increasing amount of their assets to Atlantic Trust, while also referring their friends and family members.

To serve its growing client base, Atlantic Trust also continues to expand and attract top talent. The firm has hired 21 new professionals this year (through July 31, 2013), including four senior vice presidents in Houston, San Francisco and Washington, D.C. These new professionals are filling relationship management and client service roles. Atlantic Trust has also added several talents in key investment, marketing and operational roles.

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 solutions, including proprietary investment offerings and a robust open architecture platform of traditional and alternative managers. Atlantic Trust operates in 12 full-service locations throughout the U.S. with $21.7 billion in assets under management (as of June 30, 2013). The firm is the private wealth management division of Invesco Ltd. (NYSE: IVZ). On April 11, 2013, CIBC—Canadian Imperial Bank of Commerce (NYSE: CM)—a leading global financial institution, entered into an agreement to acquire Atlantic Trust from Invesco and the transaction is scheduled for fourth quarter of 2013. For more information, visit

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 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

SOURCE Atlantic Trust

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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