Fiera Capital Announces Closing Of Acquisitions Of Bel Air Investment Advisors
And Wilkinson O'Grady & Co.
MONTREAL, Oct. 31, 2013
MONTREAL, Oct. 31, 2013 /PRNewswire/ --Fiera Capital Corporation ("Fiera" or
the "Firm") (TSX: FSZ) announced today that it has completed its previously
announced acquisitions of Los Angeles, California based Bel Air Investment
Advisors LLC as well as its affiliate Bel Air Securities LLC (collectively
"Bel Air"), and New York based investment manager Wilkinson O'Grady & Co.,
Inc. ("Wilkinson O'Grady") (the "Transactions").
These acquisitions are part of Fiera's strategy to expand into the U.S.
market, and add approximately $8.1 billion in assets under management, and an
additional $1.3 billion in consulting assets to Fiera's private wealth sector.
The aggregate purchase price in connection with the Transactions amounted to
approximately $156.3 million.
About Fiera Capital Corporation
Fiera Capital Corporation is a leading publicly traded, independent investment
firm. The Firm is one of only a handful of full service, multi-product
investment firms in Canada, offering clients a proven top tier track record in
Canadian and foreign equity and fixed income management as well as depth and
expertise in asset allocation and non-traditional investments.
Additional information relating to the Firm, including the Firm's annual
information form, is on SEDAR at www.sedar.com.
About Bel Air Investment Advisors
Established in 1997, Bel Air Investment Advisors LLC is a prominent
independent wealth management advisory firm, providing financial advisory, and
asset and investment management services to exclusively high net worth
individuals, families, trusts and foundations with US$20 million or more in
investable assets. Headquartered in Los Angeles, California, Bel Air services
over 275 families across the United States and oversees approximately C$7.7
billion in assets, including private foundation relationships. For more
information, visit www.belair-llc.com.
About Wilkinson O'Grady & Co., Inc.
Founded in 1972, Wilkinson O'Grady & Co., Inc. actively manages separate
global, domestic and international portfolios for wealthy individuals,
families, trusts, endowments, foundations, corporations and other clients.
Wilkinson O'Grady & Co. is a global investor that builds client portfolios
around enduring investment themes — the economic and social forces that drive
long-term change. Wilkinson O'Grady & Co. endeavors to grow client
capital by investing in the marketable securities of businesses it
believes have attractive financial characteristics, strong management teams
and significant market opportunities.
This document may contain certain forward-looking statements. These statements
relate to future events or future performance, and reflect management's
expectations or beliefs regarding future events, including business and
economic conditions and Fiera's growth, results of operations, performance and
business prospects and opportunities. Such forward-looking statements reflect
management's current beliefs and are based on information currently available
to management. In some cases, forward-looking statements can be identified by
terminology such as "may", "will", "should", "expect", "plan", "anticipate",
"believe", "estimate", "predict", "potential", "continue", "target", "intend"
or the negative of these terms, or other comparable terminology.
By their very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and a number of factors could cause
actual events or results to differ materially from the results discussed in
the forward-looking statements. In evaluating these statements, readers should
specifically consider various factors that may cause actual results to differ
materially from any forward-looking statement.
These factors include, but are not limited to, market and general economic
conditions, the nature of the financial services industry, and the risks and
uncertainties detailed from time to time in Fiera 's interim and annual
consolidated financial statements, and its Annual Report and Annual
Information Form filed on www.sedar.com.
These forward-looking statements are made as of the date of this document, and
Fiera assumes no obligation to update or revise them to reflect new events or
SOURCE Fiera Capital Corporation
Contact: Melanie Tardif, CPA, CMA, Director, Corporate Communications and
Investor Relations, Fiera Capital Corporation, 514-954-6456,
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