Atlantic Trust, the private wealth management division of Invesco Ltd., hit a record $19.9 billion in assets under management in the third quarter of 2012, a 5% increase from the previous quarter and an 18% jump from the $16.8 billion it had in assets in the third quarter of 2011. The quarter also marks the firms 22nd consecutive quarter of positive net flows, the firm said in an announcement on Monday.
Growth is meaningful for Atlantic Trusts clients, as it allows us to continue investing in our business, specifically our investment platform and our client service capabilities, Jack Markwalter, chairman and CEO of Atlantic Trust, said in a statement. Its the steady and consistent growth of Atlantic Trust5.5 consecutive years of positive net flows amidst uncertain financial marketsthat continues to differentiate our firm from competitors.
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