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Fiera Capital Reports Third Quarter 2026 Results
MONTREAL, Nov. 11, 2026 /CNW/ — Fiera Capital Corporation (TSX: FSZ) (“Fiera Capital” or the “Company”), a leading independent asset management firm, today announced its financial results for the third quarter ended September 30, 2026. Financial references are in Canadian dollars unless otherwise indicated.
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(in $ millions except where otherwise indicated) |
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End of period AUM 1 (in $ billions) |
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SG&A expense, excluding share-based compensation 3 |
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Notes: Refer to the “Footnotes” section of this press release. Certain totals, subtotals and percentages may not reconcile due to rounding. |
“We continue to proactively manage the business in a challenging market environment for quality-biased, high-conviction active managers while maintaining our commitment to long-term value creation,” said Maxime Ménard, Global President and Chief Executive Officer. “We are broadening our range of return drivers, including core and quantitative investment strategies, while remaining focused on building a more streamlined, stronger, and more accountable organization through disciplined capital allocation, effective governance, and clear alignment with the long-term interests of our clients and shareholders.”
“Our cost management initiatives and ongoing focus on expense discipline continue to offset softer year-to-date revenues”said Lucas Pontillo, Executive Director, Global Chief Financial Officer and Head of Corporate Strategy. “We also reduced net debt by $34 million in the quarter, in line with the first pillar of our strategic plan of creating greater balance sheet capacity. In keeping with this, Management has decided to take prudent proactive steps to further accelerate progress against this priority. As such, Management has recommended, and the Board has approved, the discontinuation of the quarterly dividend.”
