Invesco

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Invesco Ltd.
TypePublic
NYSE: IVZ
S&P 500 Component
ISINBMG491BT1088
IndustryFinancial services
Founded1978
FounderCharles W. Brady[1]
HeadquartersAtlanta, Georgia, U.S.
Key people
Rex Adams, Chairman
(CEO), Phil Taylor Sr Director
, Sr Director
Wilbur Ross, CEO WL Ross
ProductsInvestment management: real estate, distressed investing, bank loans, quantitative equity, fundamental equity, Fixed income, hedge funds, Fund of funds, environmental investing and ETFs
Revenue
  • Increase US$ 6,117.4 million (2019) [2]
  • Increase US$ 6,146.6 million (2020) [3]
  • Decrease US$ 808.2 million (2019) [2]
  • Increase US$ 920.4 million (2020) [3]
  • Decrease US$ 564.7 million (2019) [2]
  • Decrease US$ 524.8 million (2020) [3]
AUMIncrease US$1.349 trillion (2020) [4]
Total assets
  • Increase US$ 39,420.3 million (2019) [2]
  • Decrease US$ 36,504.1 million (2020) [3]
Total equity
  • Increase US$ 13,862.5 million (2019) [2]
  • Increase US$ 14,361.8 million (2020) [3]
Number of employees
8900 (2019)[5]
SubsidiariesOppenheimerFunds, SteelPath
Websitewww.invesco.com

Invesco Ltd. is an American independent investment management company that is headquartered in Atlanta, Georgia, with additional branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York stock exchange.[6] Invesco operates under the Invesco, , Invesco Perpetual, WL Ross & Co and Powershares brand names.

History[]

Invesco (then officially spelled with all-capital letters: INVESCO) was created in Atlanta in 1978 when Citizens & Southern National Bank divested its money management operations.[7] In 1988, the company was purchased by the British firm Britannia Arrow, based in London, which later took the INVESCO name.[8] In 1997 INVESCO PLC merged with AIM Investments.[9] Upon completion of the merger the company adopted the name Amvescap.[10] In 2007 the company reverted to the Invesco name.[11]

Since 2000 Invesco has grown through acquisitions such as the ETF firm PowerShares Capital Management and the restructuring of WL Ross & Co.[9]

In 2004, the company agreed to a $450 million settlement with the Attorneys General of New York, Colorado and the SEC after allegations of improper trading practices.[12]

In May 2007 the company changed their name to Invesco (initial cap only) PLC, moved its primary stock market listing from the London Stock Exchange to the NYSE and became domiciled in Bermuda, adopting the name Invesco Ltd.[13] As a result, the company's shares were withdrawn from the FTSE 100 Index and added to the Russell 1000 Index.[14] In November 2007, Invesco moved its headquarters from London to Atlanta.[7]

Invesco planned to list the PowerShares Global Progressive Transportation Portfolio (PTRP on the Nasdaq Stock Market).[15][16] This fund was closed in 2010.[17]

On October 19, 2009, Invesco bought Morgan Stanley's Retail Unit, including Van Kampen Investments for $1.5 billion.[18]

In April 2010, Invesco Aim became Invesco. Later that year, it was reported that Invesco had plans to introduce a Risk parity commodity fund according to regulatory filings.[19]

In December 2013, Invesco reported assets under management (AUM) of $778.7 billion[20]

In September 2017, Invesco agreed to buy Guggenheim Investment's exchange-traded fund business for $1.2 Billion in cash.[21]

On October 18, 2018, Invesco purchased OppenheimerFunds from MassMutual for about $5.7 billion in stock.[22]

In March 2020 amid a major stock market crash triggered by the COVID-19 pandemic, Invesco Mortgage Capital Inc., a branch handling Real Estate Investment Trusts, announced they were unable to cover margin calls due to dramatic devaluations and investors selling shares.[23] The company also announced they would delay dividend payments.

Financial statistics[]

Year Ending Operating Revenue Net Income Assets Under Management Employees
31 December 2020 $6,145.6 million $524.8 million $1,349.9 billion[3] 8,512
31 December 2019 $6,117.4 million $564.7 million $1,226.2 billion[3] 8,821
31 December 2018 $5,314.1 million $882.8 million $888.2 billion[24] 7,459
31 December 2017 $5,160.3 million $1,127.3 million $937.6 billion 7,030
31 December 2016 $4,734.4 million $854.2 million $812.9 billion 6,790
31 December 2015 $775.6 billion
31 December 2014 $792.4 billion
31 December 2013 $778.7 billion
31 December 2012 $687.7 billion
31 December 2011 $625.3 billion
31 December 2010 $616.0 billion
31 December 2009 $423.1 billion
31 December 2008 $3,307.6 million $481.7 million $357.2 billion 5,900
31 December 2007 $3,878.9 million $673.6 million $500.1 billion 5,475
31 December 2006 $3,246.7 million $482.7 million $462.6 billion 5,574
30 December 2005 $2,872.6 million $219.8 million $386.3 billion 5,798

References[]

  1. ^ "Remembering Charles W. Brady, 1935 - 2019". Invesco. Retrieved 8 January 2022.
  2. ^ a b c d e "Invesco Ltd. 2019 Annual Report (10-K)" (XBRL). United States Securities and Exchange Commission. March 2, 2020.
  3. ^ a b c d e f g "Invesco Reports Results for the Three Months and Year Ended December 31, 2020". invesco.com. 26 January 2021. Retrieved 17 April 2021.
  4. ^ "Invesco LTD. Announces December 31, 2020 Assets Under Management".
  5. ^ "Annual Report 2007" (PDF). Invesco. Archived from the original (PDF) on 2008-05-15. Retrieved 2008-08-24.
  6. ^ "Company overview". Invesco. Archived from the original on 2007-12-09. Retrieved 2007-12-07.
  7. ^ a b Karkaria, Urvaksh (2007-11-07). "Invesco moving global HQ to Atlanta". Atlanta Business Chronicle. Retrieved 2014-10-08.
  8. ^ Chernoff, Joel (1994-07-25). "INVESCO'S U.K. BUSINESS HIT HARD". Pensions & Investments. Retrieved 2014-10-08.
  9. ^ a b "Company history". Invesco. Retrieved 2007-12-07.
  10. ^ Wyatt, Edward (1996-11-05). "Invesco to Acquire AIM for $1.6 Billion". The New York Times. ISSN 0362-4331. Retrieved 2014-10-08.
  11. ^ Coleman, Murray (May 24, 2007). "Amvescap officially switches name to Invesco". marketwatch.com. Retrieved 7 June 2019.
  12. ^ Timmons, Heather (8 September 2004). "2 Fund Groups to Pay $450 Million to End Inquiry". The New York Times. Retrieved 2008-08-04.
  13. ^ "Invesco PLC Shareholders Approve Relisting on the New York Stock Exchange" (PDF) (Press release). Invesco. 14 November 2007. Archived from the original (PDF) on 2008-05-12. Retrieved 2007-12-01.
  14. ^ "LSE to replace Invesco in UK's FTSE 100". Reuters. 30 November 2007. Retrieved 2007-12-01.[dead link]
  15. ^ "Invesco PowerShares to list Global Progressive Transportation ETF" (PDF). Invesco. Retrieved 2008-12-25.
  16. ^ "Green Transportation Fund Set to Launch". Greentech Media. Retrieved 2008-12-25.
  17. ^ "Invesco PowerShares Announces Changes to ETF Family". CNNMoney. October 8, 2010.
  18. ^ "Invesco Pulls the Trigger on Van Kampen Deal". Retrieved 2009-10-20.
  19. ^ Wall Street Journal, Oct 2 2010, How Risky Are Those Low Risks Funds? Eleanor Laise
  20. ^ "Invesco Ltd. Announces December 31, 2013 Assets Under Management" (PDF). Archived from the original (PDF) on February 2, 2014. Retrieved January 30, 2014.
  21. ^ Baer, Justin (2017-09-28). "The Price Invesco Is Paying for Guggenheim's ETF Business: $1.2 Billion". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-10-04.
  22. ^ "Invesco Will Buy OppenheimerFunds for $5.7 Billion in All-Stock Deal". 2018-10-18.
  23. ^ Patricia Clark (March 24, 2020). Invesco Mortgage Capital Warns It Can’t Fund Margin Calls, Yahoo Finance, accessed 24 March 2020
  24. ^ "Invesco Ltd. Announces January 31, 2019 Assets Under Management" (PDF).

External links[]

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