Money Management Executive

Amvescap Looks to Merge AIM, Invesco Boards

August 07, 2003, 1:00 a.m. EDT 1 Min Read

Amvescaps independent trustees are seeking permission to ask shareholders to approve the merging of the boards of its subsidiary companies, AIM and Invesco. The trustees, in a registration statement filed with the SEC on Friday, say this will be the second step in Amvescaps plan to merge all of its North American fund operations, the first step being AIM becoming the distributor for all of the funds.

Amvescap is now asking shareholders to also allow AIM to become the investment advisor and administrator for both fund families. In addition, Amvescap is asking shareholders to restructure some of the AIM series funds as Delaware statutory trusts. The proposal would bring all of AIMs and Invescos back-office operations under Amvescap, and result in funds that overlap being merged. The shareholder meeting is scheduled for Oct. 21.

For reprint and licensing requests for this article, click here.

Money Management Executive

MORE FROM FINANCIAL PLANNING

Investment strategies

How to make sense of the bumpy political road for municipal bonds

Politics are playing an outsize role in portfolio management. Here's how experts see the fixed-income sector changing under the pending One Big Beautiful Bill Act.

By Tobias Salinger

2h ago
Retirement

Confronted with college costs, parents reach for their 401(k)s

As college costs rise, parents are resorting to increasingly costly means to pay for their children's educations. Financial advisors say the loss in retirement savings is rarely recovered.

By Elijah Nicholson-Messmer

3h ago
Practice and client management

Munis for social change don't have to leave returns on the table

Impact investment through municipal bonds is generally perceived as risky. But it doesn't have to be that way.

By Amanda Chen

4h ago
Practice and client management

Financial advisors can better serve LGBTQ clients. Here's how

To best serve LGBTQ clients, financial advisors must understand their unique needs and challenges, from diverse household structures and retirement plans to the correct use of pronouns.

By Elijah Nicholson-Messmer

June 27
Technology

How tech for better meetings could turn advisors 'superhuman'

Aaron Klein, former Nitrogen CEO, seeks to disrupt the market for AI note-takers.

By Rob Burgess

June 27
Industry News

Bleeding continues at Osaic, UBS with big team departures: Advisor Moves

Osaic and UBS have both been on the losing end of some recruiting deals in recent months, while this week Cambridge, Rockefeller and RBC were on the winning end.

By Dan Shaw

June 27