MutualFundWire.com: Invesco Consolidates Some Businesses

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Tuesday, January 12, 2010

Invesco Consolidates Some Businesses

Invesco has consolidated the businesses of Invesco Aim Advisors Inc. and three of its other U.S. investment advisers under the name Invesco Advisers Inc. The consolidation took effect December 31, company spokesman Ivy McLemore told The MFWire.

The other three investment advisers are Invesco Aim Capital Management, Inc., Invesco Aim Private Asset Management, Inc., and Invesco Global Asset Management (N.A.), Inc.

"Invesco views the consolidation of several of its U.S. investment advisers as a key part of our strategy of building a global operating platform and expects that operating as a single legal entity will simplify interactions with our clients," Invesco officials said in a January 4 note posted on the company Web site. (see the complete announcement below).

The consolidation did not result in personnel changes. Invesco CEO Marty Flanagan oversees Invesco Advisers Inc.

"It is important to note that the investment teams responsible for managing the AIM Funds will not change as a result of this consolidation, nor will the level or degree of service provided the AIM Funds," the statement read.

Company Press Release

Invesco Finalizes Corporate Initiative

Invesco Ltd. has finalized an initiative to consolidate the businesses of Invesco Aim Advisors, Inc. and some of its other U.S. investment advisers under the name Invesco Advisers, Inc.

Invesco views the consolidation of several of its U.S. investment advisers as a key part of our strategy of building a global operating platform and expects that operating as a single legal entity will simplify interactions with our clients.

It is important to note that the investment teams responsible for managing the AIM Funds will not change as a result of this consolidation, nor will the level or degree of service provided the AIM Funds.

In addition, the adviser consolidation may serve to benefit shareholders of the AIM Funds by the expanded ability of Invesco’s investment centers to collaborate.