Gluskin Sheff + Associates
Gluskin Sheff + Associates Inc. was a Toronto-based Canadian wealth management firm founded in 1984, serving high net worth individuals and institutions with investment advisory and portfolio management services. Acquired by Onex Corporation in 2019, rebranded as Onex Canada Asset Management Inc., and wound down as of June 30, 2024.
- Company typePrivate
- Founded1984
- HeadquartersToronto, Canada
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Gluskin Sheff + Associates does
Gluskin Sheff + Associates Inc. is a Canadian investment management firm founded in 1984 in Toronto, historically focused on discretionary wealth management and investment advisory services for high net worth individuals, institutions, and organizations. Its core product was wealth and portfolio management delivered through a sales-led, advisor-driven distribution model, with revenue generated principally via management and advisory fees (subscription/recurring in nature). The firm was publicly traded on the Toronto Stock Exchange under the ticker GS, with co-founders Ira Gluskin and Gerald Sheff and senior investment leadership including Peter Zaltz as Executive Vice President and Chief Investment Officer.
In December 2019, Onex Corporation acquired Gluskin Sheff and subsequently renamed it Onex Canada Asset Management Inc. as part of integration into Onex's broader alternative asset management platform. The firm wound down its wealth advisory division, and the Gluskin Sheff Client Portal was deactivated on June 30, 2024, ending direct client servicing under the legacy brand. Funds continue to be distributed through Canadian registered dealers and advisers as part of Onex Private Wealth strategies, while the standalone Gluskin Sheff entity is no longer operating as an independent wealth advisory business.
Gluskin Sheff + Associates firmographics
Firmographics- Name
- Gluskin Sheff + Associates
- Legal name
- Gluskin Sheff + Associates Inc.
- Website
- https://gluskinsheff.com
- Company type
- Private
- Founded year
- 1984
- Operating status
- Closed
- Headcount range
- 51–100 employees
- Short description
- Gluskin Sheff + Associates Inc. was a Toronto-based Canadian wealth management firm founded in 1984, serving high net worth individuals and institutions with investment advisory and portfolio management services. Acquired by Onex Corporation in 2019, rebranded as Onex Canada Asset Management Inc., and wound down as of June 30, 2024.
- Ownership category
- akta.pro rank
Gluskin Sheff + Associates industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM)
- akta.pro secondary industry
- Multi-Asset Fund-of-Funds & Multi-Manager Allocation (FSAAAJAI)
Keywords
Where Gluskin Sheff + Associates is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Markets served
Gluskin Sheff + Associates business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Wealth Management Services: The company provided wealth management services to high net worth investors, institutions, and organizations, generating revenue through management fees and advisory services. The business was acquired by Onex Corporation in 2019.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Gluskin Sheff + Associates product offering
Product offeringCore offering
Gluskin Sheff + Associates is a Canadian investment management firm that provided discretionary wealth management and investment advisory services to high net worth investors, institutions, and organizations. Following its acquisition by Onex Corporation in 2019, the entity was renamed Onex Canada Asset Management Inc. and its wealth advisory division was wound down on June 30, 2024, with funds now distributed through Canadian registered dealers and advisers.
Differentiator
Problem solved
Functional benefit
Products and services
- Wealth Management Services Discretionary investment management and wealth advisory services for affluent individuals and institutional clients. The offering encompassed portfolio management, asset allocation, and fiduciary services. The standalone wealth advisory offering was discontinued in 2024.
- Onex Private Wealth Strategies
Companies that use Gluskin Sheff + Associates
Customer profileSegments2 records
Ideal customer profiles2 records
Gluskin Sheff + Associates technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Gluskin Sheff + Associates partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights2 records
Gluskin Sheff + Associates competitors and assessment
Company assessmentDirect peers
- CI Global Asset Management: Canadian-headquartered investment manager offering multi-asset strategies to advisors, institutions, and retail investors through registered dealers — directly comparable business model and distribution to Gluskin Sheff's HNW/institutional wealth franchise.
- Canso Investment Counsel Ltd. Canadian fixed-income-led boutique manager serving institutional and HNW clients via advisor channels — comparable boutique scale and target client mix in Canadian wealth management.
- Jarislowsky Fraser: Canadian discretionary portfolio manager serving institutional and private clients, now owned by Scotiabank — a closely comparable Canadian HNW/institutional wealth manager that has also been acquired by a larger financial group.
- Fiera Capital Corporation: Canadian public asset manager serving institutional and HNW clients with multi-asset, fixed income, and private strategies — comparable in client mix, distribution through advisors, and Canadian-domiciled boutique-manager profile.
- Guardian Capital Group Limited: Toronto-based public asset/wealth manager serving institutional and intermediary channels across equities, fixed income, and alternatives — directly comparable Canadian boutique profile and advisor-distributed model.
- Burgundy Asset Management Ltd. Toronto-based discretionary wealth manager serving HNW individuals, foundations, and institutions — directly comparable boutique Canadian wealth platform with similar target client base.
- Mawer Investment Management Ltd. Canadian boutique asset manager focused on multi-asset and equity strategies distributed through advisor channels — directly comparable in size, philosophy, and the dealer/adviser distribution model.
Broad incumbents
- BMO Wealth Management: Large incumbent Canadian wealth platform offering HNW advisory, asset management, and advisor channel distribution — operates broadly in the same space with overlapping client segments and product categories.
- RBC Phillips, Hager & North: RBC-owned Canadian investment manager serving institutional and HNW clients — a broad incumbent offering discretionary management comparable to Gluskin Sheff but at much greater scale and as part of a wider banking/wealth franchise.
Others
- Onex Corporation (Private Wealth strategies): Onex Private Wealth is the parent platform now distributing the funds formerly managed under Gluskin Sheff — included as the closest inheritor of the firm's wealth management business and as a directly comparable successor vehicle.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Gluskin Sheff + Associates social profiles
Digital presenceGluskin Sheff + Associates financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gluskin Sheff + Associates leadership team
Management profileNumber of profiles
Profiles3 records
Gluskin Sheff + Associates funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gluskin Sheff + Associates M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gluskin Sheff + Associates
What does Gluskin Sheff + Associates do?
Gluskin Sheff + Associates is a Canadian investment management firm that provided discretionary wealth management and investment advisory services to high net worth investors, institutions, and organizations. Following its acquisition by Onex Corporation in 2019, the entity was renamed Onex Canada Asset Management Inc. and its wealth advisory division was wound down on June 30, 2024, with funds now distributed through Canadian registered dealers and advisers.
Is Gluskin Sheff + Associates a public or private company?
Gluskin Sheff + Associates is a private company. It is classified as corporate owned and is currently closed.
When was Gluskin Sheff + Associates founded?
Gluskin Sheff + Associates was founded in 1984. It employs 51 to 100 people.
Where is Gluskin Sheff + Associates based?
Gluskin Sheff + Associates is headquartered in Toronto, Canada, in the North America region.
How does Gluskin Sheff + Associates make money?
One revenue line is on record: wealth Management Services.
Who are Gluskin Sheff + Associates's main competitors?
Direct peers on record are CI Global Asset Management, Canso Investment Counsel Ltd., Jarislowsky Fraser, Fiera Capital Corporation, Guardian Capital Group Limited, Burgundy Asset Management Ltd. and Mawer Investment Management Ltd.. Broad incumbents are BMO Wealth Management and RBC Phillips, Hager & North. Onex Corporation (Private Wealth strategies) is listed as an others.
Does Gluskin Sheff + Associates have an API?
No public API is recorded for Gluskin Sheff + Associates.
What industry is Gluskin Sheff + Associates in?
Gluskin Sheff + Associates's product category is Wealth Management. Its primary akta.pro industry code is FSAAABAM, Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs), with a secondary code of FSAAAJAI, Multi-Asset Fund-of-Funds & Multi-Manager Allocation. Its NAICS code is 523940 and its SIC code is 6282.