Fiera Capital Inc. (New York)

Fiera Capital provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fiera Capital: assets under management

The assets under management (AUM) of Fiera Capital Inc. is $19.41 billion. The firm's AUM has grown by 90% since the beginning of its operation, and $225.79 million of the total AUM is attributable to clients outside of the United States.

The firm manages $19.4 billion in discretionary accounts and $4.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.78 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.1 million.

Fiera Capital has custody of $1.06 billion in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 36% of the firm’s portfolio. Investments in government bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fiera Capital Inc. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Valentini serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of John Valentini is high net worth individuals with 1,543 clients and $5.78 billion of assets under management. Among the 12 most similar advisory firms, Fiera Capital has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $18.9 billion for 2,570 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Fiera Capital also advises several private funds. Namely, four hedge funds, six other private funds, and one private equity fund. The minimum investment commitment required of non-related persons ranges from $1,500 to $5,000,000.

Careers at Fiera Capital Inc.

The company employs 142 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Valentini has been acting as President since 1 Mar 2016. Jonathan Edward Lewis has served as the Chief Investment Officer since 1 Nov 2015. Evangelia Kleftodimou joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 12 indirect owners.

Based in New York

The principal office where Fiera Capital Inc. performs its advisory services is located at 375 Park Avenue, New York, NY 10152, which is also the mailing address of the firm. An additional office of the firm is in Miamisburg, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-300-1600 or by fax 212-300-1650. The normal business hours are 08:30- to 17:30 on Monday - Friday. You can find more information about the New York firm at fierausa.com.

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