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MONTREAL, Jan. 23, 2019 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or "the Firm"), a leading independent asset management firm, today reported its preliminary estimate of year-end assets under management ("AUM") of approximately C$136.7 billion as at December 31, 2018, compared to C$128.9 billion for December 31, 2017, representing a 6.1% year-over-year increase. Compared to C$143.5 billion as at September 30, 2018, the 4.7% quarter-over-quarter decrease in AUM is mainly attributable to adverse market performance and some client outflows.
The distribution of AUM by clientele is comprised of C$72.0 billion for the Institutional sector, C$31.3 billion for Private Wealth, and C$33.4 billion for the Retail segment.
About Fiera Capital Corporation
Fiera Capital is a leading independent asset management firm with approximately C$136.7 billion in assets under management as of December 31, 2018. The Firm provides institutional, retail and private wealth clients with access to full-service integrated money management solutions across traditional and alternative asset classes. Clients and their portfolios derive benefit from Fiera Capital's depth of expertise, diversified offerings and outstanding service. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. www.fieracapital.com
In the U.S., asset management services are provided by the Firm's U.S. affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training.
Additional information about Fiera Capital Corporation is available on SEDAR at www.sedar.com.
SOURCE Fiera Capital Corporation