AMVESCAP to Purchase Stein Roe Investment Counsel LLC
April 7, 2004 (Press Release) --
wealth management and trust capabilities,” said Donald J. Herrema, chairman and chief Executive Executive Presence officer of
Atlantic Wealth Management Group. “Once integrated, we will be even better positioned to provide current
and future clients a unique and superior approach to managing their wealth through 13 offices across the
United States.”
William E. Rankin, president and chief Executive Executive Presence officer of Stein Roe Investment Counsel LLC, added:
“This is a compelling opportunity because it allows us to bring together the unique tradition, skills, and
capabilities of our two firms. We believe this merger of skills combined with a deep coast-to-coast
Executive Presence exceeding $15 billion in assets under management will position us as a significant Executive Presence in
the wealth management marketplace.”
(more)
Press Release
About Atlantic Wealth Management Group
Atlantic Wealth Management Group, Inc., a division of AMVESCAP, is a leading wealth management firm
that provides comprehensive asset management and financial advisory services to private clients around
the world. With $9 billion in assets under management (as of September 30, 2003), Atlantic Wealth
Management Group manages wealth for individuals and families, and provides asset management services
to foundations and endowments. Atlantic Trust Private Wealth Management provides investment
management, asset allocation, trust, custody, and family office services. Atlantic Trust has offices in New
York, Boston, Atlanta, Houston, Palm Beach, Austin, North Carolina, Baltimore, Denver, and Washington,
D.C. For more information, please visit www.atlantictrust.com.
About AMVESCAP
AMVESCAP is a leading independent global investment manager, dedicated to helping people worldwide
build their financial security. Operating under the Atlantic Trust, AIM, and INVESCO brands, AMVESCAP
strives to deliver outstanding investment performance and service through a comprehensive array of retail
and institutional products for clients in more than 100 countries. The company is listed on the London, New
York, Paris, and Toronto stock exchanges with the symbol “AVZ”. For more information, please visit
www.amvescap.com.
AMVESCAP will apply, following closing, to the U.K. Listing Authority, for admission of shares to the Official
List. Cambridge International Partners, Inc. acted as financial advisor to AMVESCAP in this transaction.
About Putnam Lovell Equity Partners LP
Putnam Lovell Equity Partners LP is managed by Putnam Lovell NBF Private Equity, a private equity firm
that provides growth capital to developing companies in the financial services industry. Portfolio companies
of Putnam Lovell NBF Private Equity manage nearly $30 billion on behalf of institutional investors, high net
worth individuals and mutual fund clients. With offices in Los Angeles and New York, Putnam Lovell NBF
Private Equity sponsors and manages partnerships totaling $150 million for qualified private and
institutional investors and co-manages $700 million in public securities. Putnam Lovell NBF Private Equity
Atlantic Wealth Management Group. “Once integrated, we will be even better positioned to provide current
and future clients a unique and superior approach to managing their wealth through 13 offices across the
United States.”
William E. Rankin, president and chief Executive Executive Presence officer of Stein Roe Investment Counsel LLC, added:
“This is a compelling opportunity because it allows us to bring together the unique tradition, skills, and
capabilities of our two firms. We believe this merger of skills combined with a deep coast-to-coast
Executive Presence exceeding $15 billion in assets under management will position us as a significant Executive Presence in
the wealth management marketplace.”
(more)
Press Release
About Atlantic Wealth Management Group
Atlantic Wealth Management Group, Inc., a division of AMVESCAP, is a leading wealth management firm
that provides comprehensive asset management and financial advisory services to private clients around
the world. With $9 billion in assets under management (as of September 30, 2003), Atlantic Wealth
Management Group manages wealth for individuals and families, and provides asset management services
to foundations and endowments. Atlantic Trust Private Wealth Management provides investment
management, asset allocation, trust, custody, and family office services. Atlantic Trust has offices in New
York, Boston, Atlanta, Houston, Palm Beach, Austin, North Carolina, Baltimore, Denver, and Washington,
D.C. For more information, please visit www.atlantictrust.com.
About AMVESCAP
AMVESCAP is a leading independent global investment manager, dedicated to helping people worldwide
build their financial security. Operating under the Atlantic Trust, AIM, and INVESCO brands, AMVESCAP
strives to deliver outstanding investment performance and service through a comprehensive array of retail
and institutional products for clients in more than 100 countries. The company is listed on the London, New
York, Paris, and Toronto stock exchanges with the symbol “AVZ”. For more information, please visit
www.amvescap.com.
AMVESCAP will apply, following closing, to the U.K. Listing Authority, for admission of shares to the Official
List. Cambridge International Partners, Inc. acted as financial advisor to AMVESCAP in this transaction.
About Putnam Lovell Equity Partners LP
Putnam Lovell Equity Partners LP is managed by Putnam Lovell NBF Private Equity, a private equity firm
that provides growth capital to developing companies in the financial services industry. Portfolio companies
of Putnam Lovell NBF Private Equity manage nearly $30 billion on behalf of institutional investors, high net
worth individuals and mutual fund clients. With offices in Los Angeles and New York, Putnam Lovell NBF
Private Equity sponsors and manages partnerships totaling $150 million for qualified private and
institutional investors and co-manages $700 million in public securities. Putnam Lovell NBF Private Equity
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