Fiera Capital's Dec. 31 AUM at $164.1-billion

Executive Summary

• Fiera Capital Corp. reported preliminary Assets Under Management (AUM) of approximately $164.1 billion as of December 31, 2025, a decrease from $166.9 billion at September 30, 2025.
• Total AUM excluding subadvised strategies grew 5.7% year-over-year, driven by $1 billion in net inflows and strong equity market growth.
• The company announced it will release its Q4 2025 financial results on February 26, 2026, prior to market open, followed by a conference call.

Key Details

• Total AUM: Preliminary estimate of $164.1 billion as of Dec. 31, 2025 (vs. $166.9 billion as of Sept. 30, 2025).
• Total AUM (Excluding Subadvised):
  • Increased 5.7% for the full year 2025.
  • Driven by net inflows of $1 billion and strong equity market growth.
  • Increased 0.4% during the fourth quarter.
• Public Markets AUM (Excluding Subadvised):
  • Increased 4.7% for the full year 2025, driven by positive market action and net inflows of ~$100 million.
  • Increased 0.5% during the fourth quarter.
  • Positive market impact was partly offset by net outflows of ~$400 million in Q4.
  • Total public markets AUM (including subadvised) was down 3.6% for the year and down 2.0% in the quarter, reflecting net outflows from subadvised strategies.
• Private Markets AUM:
  • Increased 11.4% for the full year 2025.
  • Growth driven by net inflows of ~$900 million and a strategic acquisition in Q1 2025.
  • Adjusted for income distributions and return of capital totaling ~$1 billion.
  • Flat in the fourth quarter; net inflows of ~$100 million and positive market action were offset by negative foreign exchange (F/X) impact.
• Q4 2025 Financial Results:
  • Release Date: Thursday, February 26, 2026.
  • Time: Before markets open.
  • Conference Call: 10:00 a.m. ET on February 26, 2026.
  • Access: Live webcast and dial-in options provided for analysts and media.