Sceptre Investment Counsel Limited (TSX:SZ) has obtained court approval of a deal that will see Sceptre and Fiera Capital Inc. combine their businesses under the name Fiera Sceptre Inc.

The deal was approved by shareholders of Sceptre at a special meeting that was held on August 24. Subject to the conditions of closing, the deal is expected to be effective on September 1.

Subject to Fiera Sceptre satisfying the listing requirements, it is expected that the Class A Subordinate Voting Shares will be listed for trading on the Toronto Stock Exchange on September 1 under the trading symbol FSZ.

Toronto-based Sceptre is an independent investment management firm with assets under supervision of approximately $7 billion.

Fiera Capital is a Montreal-based privately held investment firm originally created as a result of a 2003 partnership between Desjardins Financial Group, and Jean-Guy Desjardins together with a group of employees.

Montreal-based Fiera Capital is an independent, full-service, multi product investment firms. It currently manages approximately $23 billion in assets.

IE