Atlantic Trust's 99% Client Retention Rate Highlights 21 Consecutive Quarters of Growth
Published on Tuesday, 07 August 2012 11:10 Written by TradersHuddle Staff
A steady client base and new business inflows underscore the firm's commitment to its robust integrated wealth management platform
ATLANTA, Aug. 7, 2012 /PRNewswire/ -- Atlantic Trust, the private wealth management division of Invesco Ltd. (NYSE: IVZ), announced today that the firm achieved 21 consecutive quarters of positive net flows and record revenues as of June 30, 2012.
Strong client retention and a steady inflow of assets from existing and new client relationships have led to Atlantic Trust's continued success. Year to date through June 30, the firm has posted a 99% retention rate among clients with more than $5 million in assets under management, with nine offices achieving 100% client retention. Of the net flows, 69% has come from net new business and 31% from net client additions.
"Atlantic Trust's strong organic growth is a direct result of our ongoing dedication to doing what is right for our clients, and that's remaining laser-focused on keeping our clients' interests at the center of all we do," said Jack Markwalter, chairman and CEO. "Our consistent, positive momentum over the last five years, in spite of historic market volatility, is testament to our team's enduring commitment to our clients. The fact that our clients choose to entrust an increasing amount of their assets to Atlantic Trust, while also referring their friends and family members, has demonstrated their confidence in the value of the services we provide to their families every day."
The firm's year-to-date growth builds on the success of previous years—21 quarters, to be exact. And since the beginning of 2008 through June 30, 2012, Atlantic Trust has achieved a 10% compound annual growth rate, which is attributable to organic growth and market appreciation. The firm has not made any substantive acquisitions since 2004.
"Growth is meaningful for Atlantic Trust's clients, as it allows us to continue investing in our business, specifically our investment platform, our client services and, importantly, our people," notes Eric Propper, president and chief operating officer. "Ongoing investment back into our business enables us to continuously improve all the aspects of the equation for our clients, which we believe creates a virtuous circle that ultimately leads to further growth."
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 $18.9 billion in assets under management (as of June 30, 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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