Fiera Capital Corporation announces closing of acquisition of Canadian Wealth Management
MONTREAL and CALGARY, Nov. 30, 2012 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera" or the "Firm") announced today the closing of the acquisition of Canadian Wealth Management Group Inc. ("Canadian Wealth Management" or "CWM") from Société Générale Private Banking, which was previously announced on October 4, 2012. CWM, a leading integrated wealth management boutique serving clients in western Canada for over 30 years, manages assets for high net worth individuals, families, endowments, and foundations. The CWM operations will be fully integrated into Fiera Capital Private Wealth's existing business.
The transaction has been approved by regulatory authorities and has satisfied other customary conditions.
About Fiera Capital
Fiera is a leading publicly traded, independent investment firm with approximately $55 billion in assets under management. The firm is one of only a handful of full service, multi-product investment firms in Canada, offering clients a proven top tier track record in equity and fixed income management as well as depth and expertise in asset allocation and alternative investments. For more information, visit www.fieracapital.com.
Additional information relating to the Firm, including the Firm's annual information form, is on SEDAR at www.sedar.com.
About Canadian Wealth Management Group Inc.
Founded in 1979, Canadian Wealth Management operates as a full-service wealth management boutique offering a unique combination of investment management, financial planning, estate planning, tax advisory and tax preparation services. Their key competitive advantage is an integrated delivery with high levels of personalized service.
Image with caption: "Fiera Capital. (CNW Group/FIERA CAPITAL CORPORATION)". Image available at: http://photos.newswire.ca/images/download/20121130_C5195_PHOTO_EN_21424.jpg
SOURCE: FIERA CAPITAL CORPORATIONFor further information:
Mélanie Tardif, CPA, CMA
NATIONAL Public Relations