/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED
STATES/
MONTREAL, Jan. 31, 2022 /CNW Telbec/ - Fiera Capital
Corporation (TSX: FSZ) ("Fiera Capital" or the "Company"), a
leading independent asset management firm, today reported its
preliminary estimate of assets under management ("AUM") of
approximately C$188.3 billion as
at December 31, 2021, compared to C$180.8 billion as at September 30, 2021.
"Total assets under management increased by C$6.4 billion, or 3.5%, in 2021, despite the
divestiture of select, non-core operations," said Jean-Philippe Lemay, Global President and Chief
Executive Officer. "Adjusting for those divestitures, the
year-over-year increase would have been 10.2% for our core
operations. We are particularly pleased with the growth of our
Private Markets business, which increased by 18.7% over the course
of the year and now includes close to C$16 billion dollars of
AUM. We continue to see strong demand from our clients for the
various asset classes making up this diversified, competitive
investment platform, and expect to maintain this strong momentum
going forward."
By
Investment
|
AUM as
at
|
Quarter-over-
Quarter Change
|
Year-over-Year
|
Year-over-Year
|
Platform
|
Change
|
Change
(ex-dispositions)
|
(in C$
billions)
|
December
31,
|
September
30,
|
December
31,
|
December
31,
|
(in $B)
|
%
|
(in $B)
|
%
|
(in $B)
|
%
|
2021
|
2021
|
2020
|
2020
(ex-dispositions)
|
Public
Markets
|
172.4
|
165.8
|
168.5
|
157.4
|
6.6
|
4.0%
|
3.9
|
2.3%
|
15.0
|
9.5%
|
Private
Markets
|
15.9
|
15.0
|
13.4
|
13.4
|
0.9
|
6.0%
|
2.5
|
18.7%
|
2.5
|
18.7%
|
Total
AUM
|
188.3
|
180.8
|
181.9
|
170.8
|
7.5
|
4.1%
|
6.4
|
3.5%
|
17.5
|
10.2%
|
|
Totals may not
reconcile due to rounding.
|
By
Distribution
|
AUM as
at
|
Quarter-over-
Quarter Change
|
Year-over-Year
|
Year-over-Year
|
Channel
|
Change
|
Change
(ex-dispositions)
|
(in C$
billions)
|
December
31,
|
September
30,
|
December
31,
|
December
31,
|
(in $B)
|
%
|
(in $B)
|
%
|
(in $B)
|
%
|
2021
|
2021
|
2020
|
2020
(ex-dispositions)
|
Institutional
|
95.6
|
93.5
|
89.4
|
89.4
|
2.1
|
2.2%
|
6.2
|
6.9%
|
6.2
|
6.9%
|
Financial
Intermediaries
|
77.9
|
73.0
|
71.1
|
68.3
|
4.9
|
6.7%
|
6.8
|
9.6%
|
9.6
|
14.1%
|
Private
Wealth
|
14.8
|
14.3
|
21.4
|
13.1
|
0.5
|
3.5%
|
(6.6)
|
(30.8%)
|
1.7
|
13.0%
|
Total
AUM
|
188.3
|
180.8
|
181.9
|
170.8
|
7.5
|
4.1%
|
6.4
|
3.5%
|
17.5
|
10.2%
|
|
Totals may not
reconcile due to rounding.
|
|
|
1)
|
Excludes C$2.8
billion related to the revenue-sharing arrangement with City
National Rochdale with regards to the Fiera Capital Emerging
Markets Fund, which was terminated in 2021. C$2.0 billion of
withdrawals occurred during the first quarter of 2021 and C$0.8
billion occurred during the third quarter of 2021.
|
2)
|
Excludes C$8.3
billion related to Bel Air Investment Advisors, which was sold on
February 28, 2021.
|
Q4 2021 Results
The Company will issue its financial
results for the fourth quarter of 2021 on Friday, February 25, 2022, before markets open. A
conference call will follow at 10:00 a.m. (ET) the same
day.
Conference Call Information:
- The conference call will be held on Friday, February 25, 2022, at 10:00 a.m. (ET).
- Financial analysts will be invited to ask questions.
- Media representatives and other interested individuals are
invited to participate on a "listen-only" basis.
Conference Call Access:
- From Canada and the United States: 1-888-390-0620 (toll free),
access code 95845767.
- Outside North America:
1-416-764-8651, access code 95845767.
- The conference will also be accessible live via webcast.
Financial Information:
The earnings press release,
supplementary financial information and a presentation will be
posted on ir.fieracapital.com prior to the beginning of
the conference call.
Conference Call Replay:
An audio replay will be available until March 4, 2022, by dialling 1–888–390–0541
(North American toll free), access
code 845767 followed by the number sign (#).
The webcast will remain available for three months following the
call.
Forward-Looking Statements
This document may contain forward-looking statements relating to
future events or future performance and reflecting management's
expectations or beliefs regarding future events including business
and economic conditions and Fiera Capital's growth, results of
operations, performance and business prospects and opportunities.
Forward-looking statements may include comments with respect to
Fiera Capital's objectives, strategies to achieve those objectives,
expected financial results, and the outlook for Fiera Capital's
businesses and for the Canadian, American, European, Asian and
other global economies. Such statements reflect management's
current beliefs and are based on factors and assumptions it
considers to be reasonable based on information currently available
to management and may typically be identified by terminology such
as "believe", "expect", "plan", "anticipate", "estimate", "may
increase", "may fluctuate", "predict", "potential", "continue",
"target", "intend" or the negative of these terms or other
comparable terminology and similar expressions of future or
conditional verbs, such as "will," "should," "would" and
"could."
By their very nature, forward-looking statements involve
numerous assumptions, inherent risks and uncertainties, both
general and specific, and the risk that predictions, forecasts,
projections, expectations or conclusions will not prove to be
accurate. The uncertainty created by the COVID-19 pandemic has
heightened such risk given the increased challenge in making
predictions, forecasts, projections, expectations, or
conclusions.
As a result, the Company does not guarantee that any
forward-looking statement will materialize and readers are
cautioned not to place undue reliance on these forward-looking
statements. A number of important factors, many of which are beyond
Fiera Capital's control, could cause actual events or results to
differ materially from the predictions, forecasts, projections,
expectations, or conclusions expressed in such forward-looking
statements which include, but are not limited to, risks relating to
performance and investment of AUM, AUM concentration within limited
number of strategies, reputational risk, regulatory compliance,
information security policies, procedures and capabilities,
litigation risk, insurance coverage, third-party relationships,
growth and integration of acquired businesses, AUM growth, key
employees and other factors described in the Company's Annual
Information Form for the year ended December
31, 2020, Consolidated Financial Statements and Management's
Discussion and Analysis for the three and twelve-month periods
ended December 31, 2020 and in other documents filed on
www.sedar.com from time to time.
The preceding list of important factors is not exhaustive. When
relying on forward-looking statements in this document and any
other disclosure made by Fiera Capital, investors and others should
carefully consider the preceding factors, other uncertainties and
potential events. Fiera Capital does not undertake to update or
revise any forward-looking statements, whether written or oral,
that may be made from time to time by or on its behalf in order to
reflect new events or circumstances, except as required by
applicable laws.
About Fiera Capital Corporation
Fiera Capital is a
leading independent asset management firm with a growing global
presence and approximately C$188.3
billion in assets under management as of December 31, 2021. The Company delivers
customized and multi-asset solutions across public and private
market asset classes to institutional, financial intermediary and
private wealth clients across North
America, Europe and key
markets in Asia. Fiera Capital's
depth of expertise, diversified investment platform and commitment
to delivering outstanding service are core to our mission of being
at the forefront of investment management science to create
sustainable wealth for clients. Fiera Capital trades under the
ticker FSZ on the Toronto Stock Exchange. www.fieracapital.com
Headquartered in Montreal,
Fiera Capital, with its affiliates in various jurisdictions, has
offices in over a dozen cities around the world, including
New York (U.S.), London (UK), and Hong Kong (SAR).
In the U.S., asset management services are provided by the
Company's affiliates who are investment advisers that are
registered with the U.S. Securities and Exchange Commission (SEC)
or exempt from registration. Registration with the SEC does not
imply a certain level of skill or training. For details on the
particular registration of, or exemptions therefrom relied upon by,
any Fiera Capital entity, please consult this webpage.
Additional information about Fiera Capital Corporation,
including the Company's annual information form, is available on
SEDAR at www.sedar.com.
SOURCE Fiera Capital Corporation