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Slide #24. Fiera Capital — Bel Air Investment Advisors, LLC
Fiera Capital (TSE:FSZ.CA)
Bel Air Investment Advisors, LLC
Fiera Capital Corporation ("Fiera" or the "Firm") (TSX: FSZ) announced today that it has reached agreements to acquire a prominent U.S. wealth management firm and, separately, a global asset manager as part of its strategy to expand into the U.S. market. Fiera has agreed to acquire Los Angeles-based Bel Air Investment Advisors, LLC as well as its affiliate Bel Air Securities LLC (collectively "Bel Air"), which oversees $7.3 billion in client assets. New York-based Wilkinson O'Grady & Co., Inc. ("Wilkinson O'Grady"), a $2.1 billion global investment manager, will also be acquired and extend Fiera's global offering, benefitting the collective wealth management clientele. Together, these acquisitions add more than $8.1 billion in assets under management (AUM) and an additional $1.3 billion in consulting assets to Fiera's private wealth segment. Total consideration for the two transactions is approximately US$156.3 million.
Fiera Sceptre is engaged in the provision of investment management services in Canada. Co. offers multi-style investment solutions through diversified investment strategies to institutional investors, private wealth clients and retail investors. In addition to managing its clients' accounts on a segregated basis, Co. uses over 40 pooled funds and sections thereof to manage specialized asset classes and to combine the assets of smaller clients for investing efficiencies.
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