Invesco may sell $18 bln wealth business-sources

NEW YORK, April 23 Mon Apr 23, 2012 1:03pm EDT

NEW YORK, April 23 (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.