For the fourth quarter ended December 31, 2016, Fiera Capital reports assets under management (AUM) of $116.9 billion, a 15% year-over-year increase. For private wealth management, AUM was $25.4 billion, compared to $24.5 billion in Q4 last year.

The firm closed its previously announced acquisition of Charlemagne Capital and was appointed as a portfolio sub-advisor for CI Investments’ G5|20 Series, a family of guaranteed cash-flow funds, adding approximately $2.8 billion and $0.4 billion in AUM, respectively.

Revenues for the fourth quarter were $121.0 million, representing a 64% increase year-over-year, and adjusted net earnings per share were $0.40, representing 33% year-over-year increase.

The increase is primarily due to the acquisitions of Samson Capital Advisors, Apex Capital Management, Charlemagne and additional revenues from private alternative investment strategies, including real estate and infrastructure, combined with organic growth and a favourable U.S. exchange rate.

Revenues for the 12-month period ended December 31, 2016, were $344.1 million, representing an increase of $85.7 million, or 33%, compared to $258.4 million for the same period last year.

Adjusted net earnings attributable to shareholders for the quarter were $31.5 million, or $0.40 per share (basic) and $0.38 (diluted), compared to $21.1 million, or $0.30 per share (basic) and $0.29 (diluted), for the same period in 2015, and to $18.1 million, or $0.23 per share (basic and diluted) for the previous quarter ended September 30, 2016.

For year-end, adjusted net earnings attributable to shareholders were $95.2 million, or $1.25 per share (basic) and $1.22 (diluted), compared to $70.9 million or $1.01 per share (basic) and $1.00 (diluted) for the same period last year. Adjusted net earnings reflected net earnings, excluding $60.7 million of non-cash items (net of income taxes where applicable), or $0.80 per share (basic) and $0.77 (diluted), as well as $13.8 million, or $0.18 per share (basic and diluted), of acquisition and restructuring and other integration costs (net of income taxes) for the year.

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