Fiera Capital Q2 Earnings Call Highlights

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MarketBeat

Sun, August 9, 2026 astatine 6:03 PM CDT 6 min read

Key Points

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AUM roseate 2.1% to C$163.5 billion successful Q2 arsenic marketplace appreciation offset nett outflows, including C$2.2 cardinal successful Public Markets outflows and a pre-announced C$5.3 cardinal sub-advised plus transportation to PineStone.
Private Markets continued to expand, with caller mandates approaching C$100 million, much than C$500 cardinal deployed during the quarter, and a C$1.9 cardinal pipeline of undeployed superior and opportunities.
Revenue fell 5% twelvemonth implicit twelvemonth to C$155.1 million, portion adjusted EBITDA declined somewhat to C$42 cardinal and adjusted nett net dropped to C$23.9 million, oregon C$0.21 per diluted share; the committee maintained its C$0.108 quarterly dividend and renewed authorization to repurchase up to 4 cardinal shares.

Fiera Capital (TSE:FSZ) reported higher assets nether absorption successful the 2nd 4th of 2026 arsenic marketplace appreciation outweighed nett outflows, portion absorption said the steadfast continued to look unit from sub-advised mandate withdrawals and lawsuit rebalancing.

Total AUM ended the 4th astatine C$163.5 billion, up 2.1% from the anterior quarter. Public Markets AUM accrued 2.4% to C$141.2 billion, supported by marketplace gains. However, the institution recorded C$2.2 cardinal successful Public Markets nett outflows excluding sub-advised mandates, which it attributed chiefly to lawsuit rebalancing crossed equity and fixed-income strategies.

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Global President and CEO Maxime Ménard said a azygous U.S. lawsuit transferred C$5.3 cardinal successful sub-advised assets straight to PineStone during the quarter, an lawsuit that had been pre-announced. The institution besides cited rebalancing by clients successful the U.S., Europe, the Middle East, Africa and Asia. Fiera said it is alert of 1 remaining lawsuit petition to transportation astir C$1.5 cardinal straight to PineStone during the 2nd fractional of 2026, and continues to expect nonstop transfers this twelvemonth to beryllium beneath the anterior year's level.

Private Markets Growth Efforts Continue

Private Markets AUM roseate 0.5% during the 4th and 1.4% twelvemonth to date, reflecting nett inflows and marketplace appreciation. Fiera raised astir C$100 cardinal successful caller mandates, chiefly successful existent property and backstage credit, portion nett inflows exceeded C$115 cardinal earlier being mostly offset by returns of superior successful its closed-end money business.

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The institution launched a enactment feeder during the 4th to springiness beingness insurers entree to its private-credit strategies. Ménard said the conveyance was gaining traction and that Fiera sees an accidental successful the sector, with astir 20% of its AUM associated with beingness insurers.

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