Fiera Capital Corporation is acquiring Canadian Wealth Management Group Inc. (CWM), a Calgary-based wealth management boutique serving high net worth clients. Terms of the deal were undisclosed. The transaction is expected to close in Q4 2012.
CWM operations will be fully integrated into Fiera Capital private wealth’s existing business.
“We see tremendous growth potential for the asset management and private wealth management businesses, particularly in the fast growing market of Alberta,” says Jean-Guy Desjardins, Chairman, CEO and CIO of Fiera.
CWM is a subsidiary of Société Générale Private Banking.