The acquisition, which is expected to be immediately accretive to earnings, solidifies Fiera's position as one of Canada's fastest growing investment managers, with assets under management of $55 billion.
The nationwide survey was conducted by mail from April to August. It is based on responses from 700 U.S. households with a net worth of more than $1 million, excluding the value of their home, and/or annual income of more than $200,000.
"We are delighted with the new relationship with Oregon Pacific Bank," says Diane Dombras, the former South Valley Vice President responsible for the bank's trust department.
Virtus Wealth Management located in Southlake, TX and EFC Advisors, LLC located in Arlington, TX believe this new affiliation will provide enhanced capabilities and an expanded roster of financial products.
The new offering, called Hedge Fund Select, is similar to products that other big brokers like Morgan Stanley, Citigroup Inc and Bank of America Corp's Merrill Lynch division have offered for many years.
According to a poll of the 150 attendees of the Forbes 400 Summit on Philanthropy, sponsored by Credit Suisse, 56 percent of the billionaires present said that “taxes impact our philanthropic giving.”