Canada's Fiera Expands Into US With Acquisitions

Sep 4 2013 | 8:36am ET

Canada's Fiera Capital Corporation is poised to acquire Los Angeles-based Bel Air Investments (and its affiliate Bel Air Securities) and New York-based Wilkinson O'Grady & Co for about $156.3 million as it expands its North American presence.

The acquisition will add over $8.1 billion to Fiera's assets under management bringing them to over $70 billion and $1.3 billion in consulting assets.

Bel Air, which specializes in ultra-high-net-worth clients, will be acquired for $125 million, including a maximum of $115 million in cash. The firm will operate under the Fiera Capital Private Wealth North American division, which will be led by Todd Morgan, Bel Air senior managing partner. Other members of Bel Air's management team and key personnel will also join Fiera.

Wilkinson O’Grady will be acquired for $31.25 million and key employees will join the Fiera team, inlcuding  Donald M. Wilkinson III, CEO and CIO, who becomes CIO for FCPWNA.

“We are very proud to join forces with these two experienced and highly credible teams,” said Jean-Guy Desjardins, chairman and chief executive officer of Fiera, in a statement. “We see tremendous growth potential in the U.S. private wealth and investment management market and these transactions fit perfectly with our plan to create value by becoming a leading North American investment management firm within the next five years....these acquisitions enhance our North American footprint and add depth to our investment and servicing teams.”


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.