# Invesco Management S.A.

> Invesco Management S.A. is an SEC-registered investment advisory firm in Luxembourg, Luxembourg, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 143238
- Filed as: INVESCO MANAGEMENT S.A.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Luxembourg, Luxembourg
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/143238
- AdvisorCensus page: https://advisorcensus.com/firm/invesco-management-s-a-luxembourg-143238

## Quick answers

**How is Invesco Management S.A. compensated?**
On its Form ADV (Item 5.E, October 2026), Invesco Management S.A. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Invesco Management S.A. located?**
Invesco Management S.A.'s principal office is in Luxembourg, Luxembourg, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Invesco Management S.A. registered with the SEC or a state?**
Invesco Management S.A. is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 143238.

**How much does Invesco Management S.A. manage?**
Invesco Management S.A. reports $48,691,778,628 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Invesco Management S.A.'s assets and staff changed since 2021?**
In the Form ADV data for Invesco Management S.A.: Regulatory assets under management: $28,039,888,384 in the October 2021 data and $48,691,778,628 in the October 2026 data, up 74%. Total employees: 214 in October 2021 and 357 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Invesco Management S.A. serve?**
By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (34); pooled investment vehicles (other than investment companies and business development companies) (33); pension and profit sharing plans (but not the plan participants or government pension plans) (25).

**Which custodians does Invesco Management S.A. use?**
Invesco Management S.A.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists HSBC Bank PLC and JPMorgan Chase as custodians holding 10% or more of its separately managed account assets.

**Does Invesco Management S.A. report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/143238

**What changed in Invesco Management S.A.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $42,567,002,545 to $48,691,778,628 (+14%). Employees performing advisory functions went from 33 to 90. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- HSBC Bank PLC
- JPMorgan Chase

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $48,691,778,628
- Discretionary: $48,691,778,628
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 3 | $5,063,871,799 |
| Pooled investment vehicles (other than investment companies and business development companies) | 33 | $15,836,300,186 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 25 | $12,437,085,409 |
| Corporations or other businesses not listed above | 34 | $15,354,521,234 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2007 (19 years)
- Employees: 357 total, 90 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/143238

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Frankfurt
- Munich

### Websites listed on Form ADV (Item 1.I)
- invesco.com
- invesco.com/lu-manco/en/home.html
- LinkedIn @invesco-emea
- X @INVESCOINSIGHTS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $28,039,888,384 | 214 | June 30, 2021 |
| October 2022 | $29,106,341,108 | 208 | March 30, 2022 |
| October 2023 | $23,765,149,293 | 205 | March 31, 2023 |
| October 2024 | $28,656,123,641 | 185 | March 28, 2024 |
| October 2025 | $30,965,720,710 | 185 | March 28, 2025 |
| October 2026 | $48,691,778,628 | 357 | March 31, 2026 |

Regulatory assets under management: $28,039,888,384 in the October 2021 data and $48,691,778,628 in the October 2026 data, up 74%.
Total employees: 214 in October 2021 and 357 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $42,567,002,545 to $48,691,778,628 (+14%).
- Employees performing advisory functions went from 33 to 90.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Regulatory assets under management went from $30,965,720,710 to $42,567,002,545 (+37%).
- Employees performing advisory functions went from 29 to 33.
- Changed its legal name from Invesco Asset Management Deutschland GMBH to Invesco Management S.A..
- Reported a succession: took over the business of Invesco Asset Management Deutschland GMBH (CRD 143238) on August 30, 2025.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Invesco Management S.A. (CRD 143238): Form ADV filing data as of October 2026.