Gluskin Sheff + Associates Inc is a large advisory firm based in Toronto On. It manages $6.42 billion of regulatory assets for 522 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Colorado, and 28 other states.
Gluskin Sheff + Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Gluskin Sheff + Associates Inc is $6.42 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and $6 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Gluskin Sheff + Associates Inc for their services and products based on a percentage of assets under management, subscription fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Seth Mersky is pooled investment vehicles with 22 clients and $5.35 billion of assets under management. Among the 6 most similar advisory firms, Gluskin Sheff + Associates has the 2nd lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $6.42 billion for 519 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 73% of the firm’s clients are foreign persons or businesses.
Gluskin Sheff + Associates also advises several private funds. Namely, fourteen hedge funds and two other private funds. The minimum investment commitment required of non-related persons ranges from $19,000 to $25,000.
The company employs 139 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Seth Mersky has been acting as President since 1 Jun 2019. Anthony Munk joined the executive team most recently as the Director.
The principal office where Gluskin Sheff + Associates Inc performs its advisory services is located at 333 Bay Street, Toronto On, M5 H 2 R2, which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number 416-681-6000 or by fax 416-681-6060. The normal business hours are 8 am to 6 pm on Monday - Friday. You can find more information about the New York firm at gluskinsheff.com and its LinkedIn profile.