New York, California and Texas will be ground zero for Fiera Capital, the $62 billion Canadian investment manager that is hoping to crack the top tier of the U.S. private wealth market.
Fiera agreed to buy the $7.3 billion Los Angeles-based wealth manager Bel Air Investment Advisors, and the $2.1 billion New York-based asset manager Wilkinson OGrady for a combined $156 million earlier this month. The deal is expected to close at the end of October.
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