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Slide #40. Fiera Capital Corporation — Canadian Wealth Management Group Inc.
Fiera Capital Corporation (TSE:FSZ.CA)
Canadian Wealth Management Group Inc.
Fiera Capital Corporation announced that it reached an agreement with Socit Gnrale Private Banking to acquire Canadian Wealth Management Group Inc., the Calgary-based subsidiary of Socit Gnrale Private Banking. CWM, a leading integrated wealth management boutique serving clients in western Canada for over 30 years, manages assets for high net worth individuals, families, endowments, and foundations. The acquisition, which is expected to be immediately accretive to earnings, solidifies Fiera's position as one of Canada's fastest growing investment managers, with assets under management of $55 billion. By expanding deeper into the wealth management business, the combination further enhances Fiera's distribution capabilities. The CWM operations will be fully integrated into Fiera Capital Private Wealth's existing business.
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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