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Canadian Firm Closes Two Acquisitions, Adds $8.1 Billion In AuM

Sandra Kilhof

1 November 2013

The independent investment firm, Fiera Capital Corporation, has completed its previously-announced acquisitions of Los Angeles, CA-based Bel Air Investment Advisors as well as its affiliate Bel Air Securities, and New York-based investment manager Wilkinson O'Grady & Co.

The deals amounted to approximately $156.3 million and are part of the Canadian firm's strategy to expand in the US. The moves add some $8.1 billion in assets under management and an additional $1.3 billion in consulting assets to the firm's private wealth sector.

Bel Air currently serves over 275 families across the US and oversees approximately C$7.7 billion in assets. Wilkinson O'Grady & Co actively manages separate global, domestic and international portfolios for wealthy  individuals, families, trusts, endowments, foundations, corporations and other clients.

With the deals closed, Fiera’s total assets under management have now reached $74 billion, an increase of roughly 13 per cent compared to its earnings as of June 31, 2013.