Gluskin Sheff + Associates

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.

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

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

• Wealth management
• Investment advisory
• Portfolio management
• Institutional asset management
• High net worth services

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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

Core 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

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights2 records

Direct 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

• LinkedInlinkedin.com/company/gluskin-sheff---associates

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gluskin Sheff + Associates