Invesco Managed Accounts

The unit operates under Invesco's broader investment management structure, with portfolio managers selected from Invesco's platform to manage client-specific mandates. Day-to-day decisions are executed by a team of investment professionals, overseen by Invesco's Chief Investment Officer oversight. As of May 2025, Invesco's global CIO is Stephanie Butcher (per Invesco, 2024).

The unit does not source proprietary deals; instead, it constructs portfolios using Invesco's suite of mutual funds, ETFs, and separately managed account strategies. Clients can choose from Invesco's research-driven offerings, with no direct involvement in private or illiquid investment opportunities outside the platform.

It is an asset manager—specifically, a registered investment adviser (RIA) and a subsidiary of Invesco Ltd., a public company. It does not operate as a family office; rather, it provides managed account services to institutions and individuals, including some family offices that use the platform for asset allocation.

The unit invests in funds—primarily Invesco's own mutual funds and ETFs—as well as direct individual securities (stocks and bonds) when constructing client portfolios. It does not make direct private equity or venture capital commitments on behalf of clients, as those are typically illiquid and not suitable for separately managed accounts.

The unit focuses on public market stages: large-cap, mid-cap, and small-cap equities, along with investment-grade and high-yield fixed income. It does not target early-stage venture or late-stage private equity, as those require longer lock-up periods and are outside the SMA model.

The unit does not have firm-wide sector avoidance; instead, client mandates determine sector exposure. However, Invesco's SMA platforms typically avoid illiquid private assets, real estate direct ownership, and hedge fund structures unless specifically requested by a client. ESG-screened portfolios may exclude sectors like tobacco or weapons on a client-by-client basis.

Clients include institutional investors (pension funds, endowments, foundations) and high-net-worth individuals. The wealth origin for HNWI clients is typically entrepreneurial or inherited, but Invesco does not disclose individual client details due to privacy. The unit's corporate wealth is derived from Invesco's public market capitalization and revenue from management fees.

Invesco Ltd. has a corporate foundation, the Invesco Foundation, which makes philanthropic grants separate from the managed accounts business. The managed accounts unit itself does not administer client philanthropic structures; clients may use donor-advised funds (DAFs) or private foundations managed through the SMA platform, but those are held at the client level, not the firm level.

The unit does not engage in co-investments alongside external general partners, as its mandate is limited to public market securities and fund investments. Clients seeking co-investment opportunities would need to use separate vehicles outside the managed accounts platform. Invesco's alternatives division may offer co-investment access through private funds, but that is distinct from the managed accounts service.