MONTREAL, April 26, 2016 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or "the Firm"), a leading independent asset management firm, today reported its preliminary estimate of assets under management ("AUM") of $98.0 billion as at March 31, 2016.
The distribution of AUM by clientele is comprised of $48.7 billion for the Institutional sector, $22.8 billion for Private Wealth, and $26.5 billion for the Retail segment.
Compared to December 31, 2015, the lower AUM is mainly attributable to the sale of Fiera Capital's participation in Axium Infrastructure Inc., the U.S. exchange rate fluctuation and a net outflow.
About Fiera Capital Corporation
Fiera Capital Corporation (the "Firm") is a leading North American independent asset management firm listed on the Toronto Stock Exchange. The Firm offers a wide range of traditional and alternative investment solutions, including depth and expertise in asset allocation. As at March 31, 2016, the Firm had approximately CAD $98 billion in assets under management. The Firm delivers distinctive investment management capabilities to institutional, private wealth and retail clients in Canada. In the U.S., asset management services are provided by its U.S. affiliates, Bel Air Investment Advisors LLC and Fiera Capital Inc., which are investment advisers registered with the U.S. Securities and Exchange Commission (the "SEC"). Registration with the SEC does not imply a certain level of skill or training. www.fieracapital.com
SOURCE Fiera Capital Corporation