Topic: How To Invest

Q: Hi, Pat. What is your opinion of Fiera Capital Corporation, symbol FSZ? It has a high yield. Thank you.

Article Excerpt

A: Fiera Capital Corp., $11.06, symbol FSZ on Toronto (Shares outstanding: 77.4 million; Market cap: $1.1 billion;, is a full-service, multi-product investment firm providing investment advisory and related services to institutional investors, private wealth management clients and retail investors. Its clientele is spread out across Canada, the U.S., Europe and key markets in Asia, and the company has over $144.9 billion in assets under management. In January 2019, Fiera completed the acquisition of U.K.-based Palmer Capital Partners. That firm is a real estate investment management company, which provides direct investment opportunities to institutional investors, foundation and endowment clients, and high-net-worth individuals. The price was 30 million pounds ($50.3 million Canadian). Palmer Capital, founded in 1992, has over 800 million pounds in assets under management ($1.3 billion Canadian), with an additional 215.5 million pounds managed through minority-ownership of eight regional property companies. Palmer will remain independently managed but will become the U.K. arm of Fiera Properties, part of the company’s alternative asset…

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