Fiera Capital Corp
TSX:FSZ
Fiera Capital Corp
Fiera Capital Corp. engages in the provision of traditional and alternative investment solutions, including depth and expertise in asset allocation. The company is headquartered in Montreal, Quebec and currently employs 844 full-time employees. The firm provides investment advisory and related services to retail investors, including advisory services for individuals, family foundations and trusts. The firm's diverse client base includes pension funds, endowments, foundations, religious and charitable organizations as well as large municipal and university funds. The company offers management services and investment counselling, catering to the specific needs of private clients and high-net-worth individuals and their families, as well as endowments and foundations. The firm also delivers customized 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 Corp. engages in the provision of traditional and alternative investment solutions, including depth and expertise in asset allocation. The company is headquartered in Montreal, Quebec and currently employs 844 full-time employees. The firm provides investment advisory and related services to retail investors, including advisory services for individuals, family foundations and trusts. The firm's diverse client base includes pension funds, endowments, foundations, religious and charitable organizations as well as large municipal and university funds. The company offers management services and investment counselling, catering to the specific needs of private clients and high-net-worth individuals and their families, as well as endowments and foundations. The firm also delivers customized 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.
AUM Growth: Total assets under management rose 4% quarter-over-quarter to $166.9 billion, with strong contributions from both public and private markets.
Revenue: Third quarter revenue was $167 million, up 3% from the prior quarter but down 3% year-over-year, reflecting higher base and performance fees in private markets but weaker public market fees.
Private Markets: Private market AUM increased 5.3% sequentially to $22 billion, driven by net inflows of $850 million, including a record $800 million mandate.
EBITDA Margin: Adjusted EBITDA was $50 million with margin just over 30%, up from 28% last quarter.
Shareholder Returns: Company repurchased 540,000 shares for $3.6 million and declared a quarterly dividend of $0.108 per share.
Performance Fees: Cautious outlook on Q4 performance fees, with management noting volatility and a likely lower level than the prior year.
Cost Discipline: SG&A expenses declined both sequentially and year-over-year, reflecting ongoing cost management.
