(Bloomberg) -- Invesco, owner of the Invesco, Perpetual and PowerShares funds, said fourth-quarter profit rose 5.6% as client assets increased.

Net income on an adjusted basis increased to $272.6 million, or 63 cents a share, from $258.1 million, or 58 cents a share a year earlier, the Atlanta-based company said in a statement on Thursday. Twenty analysts surveyed by Bloomberg had expected adjusted earnings of 62 cents a share.

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