Fiera Capital's AUM Climbs 2.1% as Sub-Advised Outflows Persist
Event summary
- Fiera Capital's AUM reached $163.5B as of June 30, 2026, up 2.1% from Q1 and 1.9% year-over-year.
- Public Markets AUM (excluding sub-advised) grew 4.3% due to market performance but faced $2.2B in client rebalancing outflows.
- Sub-advised AUM declined by $5.3B, driven by previously announced client outflows and rebalancing.
- Private Markets AUM increased 0.5% quarter-over-quarter and 6.7% year-over-year.
The big picture
Fiera Capital's AUM growth reflects broader industry trends of institutional and financial intermediary demand, but sub-advised outflows highlight challenges in maintaining client relationships. The firm's ability to balance market-driven gains with strategic client retention will be critical as it navigates competitive pressures in the asset management sector.
What we're watching
- Client Retention Risk
- How Fiera Capital will address sub-advised outflows and client rebalancing pressures in the next quarter.
- Market Performance Impact
- Whether public markets growth can offset continued declines in sub-advised mandates.
- Private Markets Expansion
- The pace at which Fiera Capital can sustain organic growth in private markets amid competitive pressures.