Fiera Capital and Canaccord Genuity report quarterly financial results

Fiera Capital reported an increase in assets under management (AUM) for the second quarter of 2026, reaching C$163.5 billion. While market appreciation drove a 2.1% increase in total AUM, the firm faced significant outflows in its Public Markets division, totaling C$2.2 billion excluding sub-advised mandates. CEO Maxime Ménard noted a pre-announced transfer of C$5.3 billion in sub-advised assets from a single U.S. client to PineStone, with an additional C$1.5 billion transfer expected in the second half of 2026.

In its Private Markets division, AUM rose 0.5% during the quarter. The firm deployed over C$500 million into new projects and launched a note feeder to provide life insurers access to private-credit strategies.

Canaccord Genuity Group reported strong fiscal 2027 first-quarter results, with firm-wide revenue rising 29% year-over-year to C$577 million. Adjusted net income grew 120% to C$57 million. The wealth management division accounted for 53% of total revenue, with client assets reaching a record C$160 billion.

Regional performance for Canaccord Genuity showed significant growth in Australia, where revenue reached a record C$53 million following the integration of Wilsons Advisory. In Canada, revenue rose 29% to C$121 million, while the United Kingdom division saw revenue increase by 4% to C$131 million.