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AUM down for Fiera Capital Corp. in Q1 | Investment Executive


IE Staff
Montreal-based Fiera Capital Corp. reported net earnings of $23 million for the first quarter of 2021, while assets under management (AUM) declined.
Fiera’s $23-million Q1 profit compared to $12 million in the same period a year ago, the firm said in its earnings report on Thursday.
In the previous quarter, Fiera reported a loss due to an impairment charge related to the Fiera Capital Emerging Markets Fund. In the fourth quarter of 2020, City National Rochdale informed Fiera that it would no longer offer the fund to its clients, thereby discontinuing its revenue-sharing arrangement with Fiera.
The termination of that arrangement, as well as Fiera’s sale of Bel Air Investment Advisors its ultra-high-net-worth private wealth platform earlier this year, reduced AUM by $10.3 billion, Fiera said in the earnings report. ....

City National Rochdale , Fiera Capital Emerging Markets Fund , Fiera Capital Emerging Markets , Bel Air Investment Advisors , Bel Air , நகரம் தேசிய ரோச்ச்டேல் , பீர மூலதனம் வளர்ந்து வருகிறது சந்தைகள் நிதி , பீர மூலதனம் வளர்ந்து வருகிறது சந்தைகள் , பெல் அேக ,

Fiera reports $23-million profit in first quarter


Staff
Montreal-based Fiera Capital Corp. reported net earnings of $23 million for the first quarter of 2021, while assets under management (AUM) declined.
Fiera’s $23-million Q1 profit compared to $12 million in the same period a year ago, the firm said in its earnings report on Thursday.
In the previous quarter, Fiera reported a loss due to an impairment charge related to the Fiera Capital Emerging Markets Fund. In the fourth quarter of 2020, City National Rochdale informed Fiera that it would no longer offer the fund to its clients, thereby discontinuing its revenue-sharing arrangement with Fiera.
The termination of that arrangement, as well as Fiera’s sale of Bel Air Investment Advisors its ultra-high-net-worth private wealth platform earlier this year, reduced AUM by $10.3 billion, Fiera said in the earnings report. ....

City National Rochdale , Fiera Capital Emerging Markets Fund , Fiera Capital Emerging Markets , Bel Air Investment Advisors , Bel Air , நகரம் தேசிய ரோச்ச்டேல் , பீர மூலதனம் வளர்ந்து வருகிறது சந்தைகள் நிதி , பீர மூலதனம் வளர்ந்து வருகிறது சந்தைகள் , பெல் அேக ,