Canada's Fiera Puts Up $156M For Two US Wealth Managers

Law360, New York (September 4, 2013, 3:40 PM EDT) -- Canadian investment management giant Fiera Capital Corp. has made its first two acquisitions in the U.S., buying Los Angeles-based Bel Air Investment Advisors LLC and New York wealth manager Wilkinson O'Grady & Co. Inc. for a combined $156.3 million, Fiera said Tuesday.

The Montreal-based firm will add roughly $8.1 billion in assets under management to its portfolio as it enters the U.S. market for the first time. Fiera said it plans to finance the deal in large part with a private placement.

The larger of the...
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