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Invesco may sell $18 billion wealth business: sources


    NEW YORK (Reuters) - Invesco Ltd is trying to sell its $18 billion wealth management business, according to five sources.

    The Atlanta-based asset management company wants to sell Atlantic Trust Private Wealth Management, which has $18 billion in assets under management, because it is not core to its business, three of the sources said.

    An Invesco spokesman declined to comment.

    (Reporting By Jessica Toonkel; Editing by Gerald E. McCormick)