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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 Capital is an asset management firm. Co. offers a wide range of traditional and alternative investment solutions in asset allocation, and delivers investment management capabilities to institutional and private wealth clients in Canada. Co. also offers its asset management services to clients in the U.S.
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