Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Invesco's fee income rises by £3.7m in Q2

Invesco's fee income rises by £3.7m in Q2

Invesco Perpetual's fee income rose by almost $6 million (£3.37 million) to $29.6 million in the second quarter.

The group switched from separate annual management and registration fees to a single headline charge ealier this year, but said increased AUM and the additional day in the second quarter compared to the first quarter drove the rise. Service and distrubition fees fell by a corresponding $23.9 million with Invesco noting: 'After allowing for this, service and distribution fees have increased in line with average AUM and the additional day in the second quarter compared to the first quart.

Foreign exchange rate changes also added $0.2 million to fee income quarter-on-quarter.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
CIO Tapes 2: two warnings and a lot of optimism

CIO Tapes 2: two warnings and a lot of optimism

Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too

Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Read More
Your Business: Cover Star Club

Profile: Thomas Miller explains its post-restructure plans

Profile: Thomas Miller explains its post-restructure plans

Thomas Miller Investment’s (TMI) head of wealth Matt Phillips has strong opinions about many things

Wealth Manager on Twitter