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Fiera Capital Announces March 31, 2025 Preliminary Assets Under Management and Q1 2025 Financial Results Date

In This Article:

MONTREAL, April 23, 2025 /CNW/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or the "Company"), a leading independent asset management firm, today announced its preliminary estimate of assets under management ("AUM") of approximately C$161.6 billion as at March 31, 2025, compared to C$167.1 billion as at December 31, 2024.

By Distribution
Channel 

AUM as at

Quarter-over-Quarter
Change

Year-over-Year
Change

(in C$ billions)

March 31,

December 31,

March 31,

(in $B)

%

(in $B)

%


2025

2024

2024

Institutional 

91.8

90.1

86.8

1.8

2.0 %

5.0

5.8 %

Financial Intermediaries

55.5

62.4

64.0

-6.9

-11.0 %

-8.4

-13.2 %

Private Wealth

14.2

14.6

14.3

-0.4

-2.8 %

-0.1

-0.9 %

Total AUM

161.6

167.1

165.2

-5.5

-3.3 %

-3.6

-2.2 %

Average quarterly AUM 

164.4

166.6

164.8

-2.2

-1.3 %

-0.3

-0.2 %

Totals may not reconcile due to rounding.

By Investment
Platform

AUM as at

Quarter-over-Quarter Change

Year-over-Year
Change

(in C$ billions)

March 31,

December 31,

March 31,

(in $B)

%

(in $B)

%


2025

2024

2024

Public Markets AUM, excluding PineStone

104.1

103.4

99.0

0.7

0.7 %

5.1

5.1 %

Public Markets AUM sub-advised by PineStone

36.4

44.0

47.3

-7.7

-17.4 %

-10.9

-23.1 %

Public Markets - Total

140.4

147.4

146.3

-7.0

-4.7 %

-5.9

-4.0 %

Private Markets

21.1

19.7

18.9

1.4

7.3 %

2.3

12.2 %

Total AUM

161.6

167.1

165.2

-5.5

-3.3 %

-3.6

-2.2 %

Totals may not reconcile due to rounding.

Excluding AUM sub-advised by PineStone Asset Management Inc. ("PineStone"), net organic growth totaled nearly $550 million in the quarter, with both Public Markets excluding PineStone and Private Markets reporting net organic growth. Total AUM decreased 3.3% during the quarter, primarily driven by previously announced outflows of $5.7 billion in equity mandates by Canoe Financial LP which transferred directly to PineStone.

Public Markets AUM, excluding AUM sub-advised by PineStone, increased 0.7% in the quarter reflecting positive market returns within fixed income mandates and net organic growth of more than $400 million

Private Markets AUM continued its consistent growth trend, increasing approximately 2.5% in the quarter after adjusting for the previously announced acquisition of additional shares of an investment platform specializing in rental homes. This increase was driven by new subscriptions of close to $500 million and net organic growth of approximately $125 million.

Q1 2025 Results

The Company will issue its financial results for the first quarter of 2025 on Friday, May 9, 2025, before markets open. A conference call will follow at 10:00 a.m. (ET) the same day.