Fiera Capital Announces Closing Of Acquisitions Of Bel Air Investment Advisors And Wilkinson O'Grady & Co.

MONTREAL, Oct. 31, 2013 /PRNewswire/ -- Fiera Capital Corporation ("Fiera" or the "Firm") (TSX: FSZ) announced today that it has completed its previously announced acquisitions of Los Angeles, California based Bel Air Investment Advisors LLC as well as its affiliate Bel Air Securities LLC (collectively "Bel Air"), and New York based investment manager Wilkinson O'Grady & Co., Inc. ("Wilkinson O'Grady") (the "Transactions").

These acquisitions are part of Fiera's strategy to expand into the U.S. market, and add approximately $8.1 billion in assets under management, and an additional $1.3 billion in consulting assets to Fiera's private wealth sector. The aggregate purchase price in connection with the Transactions amounted to approximately $156.3 million.

About Fiera Capital Corporation

Fiera Capital Corporation is a leading publicly traded, independent investment firm. 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 Canadian and foreign equity and fixed income management as well as depth and expertise in asset allocation and non-traditional investments. www.fieracapital.com

Additional information relating to the Firm, including the Firm's annual information form, is on SEDAR at www.sedar.com.

About Bel Air Investment Advisors

Established in 1997, Bel Air Investment Advisors LLC is a prominent independent wealth management advisory firm, providing financial advisory, and asset and investment management services to exclusively high net worth individuals, families, trusts and foundations with US$20 million or more in investable assets. Headquartered in Los Angeles, California, Bel Air services over 275 families across the United States and oversees approximately C$7.7 billion in assets, including private foundation relationships. For more information, visit www.belair-llc.com.

About Wilkinson O'Grady & Co., Inc.

Founded in 1972, Wilkinson O'Grady & Co., Inc. actively manages separate global, domestic  and  international  portfolios  for  wealthy  individuals,  families,  trusts,  endowments,  foundations, corporations and other clients. Wilkinson O'Grady & Co. is a global investor that builds client portfolios around enduring investment themes — the economic and social forces that drive long-term  change.  Wilkinson  O'Grady  &  Co.  endeavors  to  grow  client  capital  by  investing  in  the marketable securities of businesses it believes have attractive financial characteristics, strong management teams and significant market opportunities.

Forward-Looking Statements

This document may contain certain forward-looking statements. These statements relate to future events or future performance, and reflect management's expectations or beliefs regarding future events, including business and economic conditions and Fiera's growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target", "intend" or the negative of these terms, or other comparable terminology.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement.

These factors include, but are not limited to, market and general economic conditions, the nature of the financial services industry, and the risks and uncertainties detailed from time to time in Fiera 's interim and annual consolidated financial statements, and its Annual Report and Annual Information Form filed on www.sedar.com.

These forward-looking statements are made as of the date of this document, and Fiera assumes no obligation to update or revise them to reflect new events or circumstances.

SOURCE Fiera Capital Corporation

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