A merit-free organization characterized by high professional turnover and weak management. - Avis employé Employé (anonyme) Invesco

The two most critical parts of an investment management company are investments (what a surprise) and sales. None of the upper management have any experience in either area. Additionally, the firm doesn't have an overall Chief Investment Officer (CIO) and doesn't even have one for the US operations. All you need to know is that. In the US, the firm's equity groups have "group CIOs." This clearly isn't working and everyone inside the firm knows it. There is a reason all but three of their mutual funds, stocks or bonds, were in net outflows as of the end of June. And, they have generally been in net outflows for years. Why? Because performance suffers from the high turnover of portfolio managers owing to a lack of an investment culture. The sales side is little better. Following the acquisition of Van Kampen in 2010, management has created chaos in the sales staff. As a result, week after week some of the best sales people and those simply looking for a reasonable professional life are leaving Invesco. Management doesn't care because they simply don't get it.