Invesco IVZ has announced assets under management (AUM) for September 2020. The company’s preliminary month-end AUM of $1,218.2 billion represents a 2.2% decrease from the previous month.This was mainly due to unfavorable market returns, which affected the bank’s AUM by $25 billion. Moreover, FX decreased the AUM by $3.1 billion.Overall net long-term inflows were $1.4 billion. Further, non-management fee earning net inflows came in at $2.1 billion and money market net outflows were $4.2 billion.Invesco’s preliminary average total AUM for the quarter through Sep 30 was $1,206.2 billion and preliminary average active AUM summed $898.4 billion.At the end of the reported month, the company’s Equity AUM slid 3.3% from the prior month to $592.4 billion. Balanced AUM for September was $68.1 billion, down 1.4% sequentially.Alternatives AUM declined 2.2% from the prior month to $172 billion. Moreover, Money Market AUM decreased 3.4% from the previous month to $109.3 billion. However, Fixed Income AUM of $276.4 billion rose marginally from August.Invesco’s global presence and solid AUM balance augur well for its growth prospects. Nonetheless, lower interest rates and a tough operating backdrop are key concerns.Shares of the company have declined 8.7% in the past year, as against the 19.7% growth registered by the industry.Currently, Invesco carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Asset ManagersCohen & Steers, Inc. CNS reported preliminary AUM of $70.5 billion as of Sep 30, 2020, which decreased 2.2% from the prior month. Market depreciation of $1.2 billion, net outflows of $24 million and distributions outflow of $303 million resulted in this AUM decline.AllianceBernstein Holding L.P.’s AB preliminary month-end AUM balance as of Sep 30, edged down 1.9% sequentially to $631 billion. This was largely due to the weak market performance and higher net outflows.Lazard Ltd’s LAZ preliminary month-end AUM balance as of Sep 30, 2020 decreased 1.9% sequentially to $227.8 billion. This largely resulted from the fall in Equity AUM and Fixed Income AUM.Looking for Stocks with Skyrocketing Upside?Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.Ignited by referendums and legislation, this industry is expected to blast from an already robust $17.7 billion in 2019 to a staggering $73.6 billion by 2027. Early investors stand to make a killing, but you have to be ready to act and know just where to look.See the pot stocks we're targeting >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report Invesco Ltd. (IVZ): Free Stock Analysis Report Cohen Steers Inc (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research