Atlantic Trust said it has been ranked as the top wealth management firm in the US according to the 2011 Luxury Brand Status Index of the Luxury Institute, an organization tracking trends in the sector.

The firm, which is part of the US-listed financial group Invesco, scored the highest among 35 private wealth management firms in the survey, with an overall LBSI score of 6.96 out of a maximum possible 10. The LBSI measures four separate indices – Quality, Exclusivity, Social Status and Self-Enhancement, Atlantic Trust said in a statement.

The Luxury Institute researched 500 consumers with a minimum income of $200,000 along with a minimum net worth of $5 million about their opinions of luxury brands.  

In addition to its top overall ranking, Atlantic Trust ranked first as being the private wealth management firm that is most exclusive, as well as having clients who are admired and respected. The survey also revealed Atlantic Trust is well worth a price premium and is among two firms wealthy consumers are likely to recommend to people they care about, the statement said.

Atlantic Trust oversaw around $17.5 billion of client assets as at 31 March.