Gluskin Sheff + Associates Inc. Announces March 31, 2019 Assets Under Management

TORONTO–(BUSINESS WIRE)–Gluskin Sheff + Associates Inc. (the “Company”) announced today its
estimated Assets Under Management (“AUM”) as at March 31, 2019.

Estimated Assets Under Management (“AUM”) as at March 31, 2019, were
$8.3 billion, approximately 88% of which comprises high net worth
clients. AUM increased by $139 million or 1.7% from December 31, 2018.

“It has been a strong start for most financial assets this year,”
commented Jeff Moody, President & Chief Executive Officer. “For those
clients seeking income, we are finding attractive opportunities in our
credit portfolios and we expect this to continue for the remainder of
the year. We have confidence in our equity portfolio holdings for the
long term and are well positioned with the ability to add to our
positions in which we have the highest conviction in the event of a
market pull-back.”

Gluskin Sheff + Associates Inc. is one of Canada’s pre-eminent wealth
management firms, serving high net worth private clients, estates,
trusts and institutional investors. Founded in 1984, the Company is
dedicated to providing clients with strong risk-adjusted returns
together with the highest level of personalized client service. The
Company’s Common Shares are listed on the Toronto Stock Exchange under
the symbol “GS”. For more information about the Company, please visit
our website at www.gluskinsheff.com.

This press release may contain forward-looking statements relating to
Gluskin Sheff + Associates Inc.’s business and the environment in which
it operates. These statements are based on the Company’s expectations,
estimates, forecasts and projections. They are not guarantees of future
performance and involve risks and uncertainties that are difficult to
control or predict. These risks and uncertainties are discussed in the
Company’s regulatory filings available on the Company’s website at
or at
Actual outcomes and results may differ materially from those expressed
in these forward-looking statements. Readers, therefore, should not
place undue reliance on any such forward-looking statements. Further, a
forward-looking statement speaks only as of the date on which such
statement is made. The Company undertakes no obligation to publicly
update any such statement or to reflect new information or the
occurrence of future events or circumstances; except as required by
applicable law.

Non-IFRS Measures

Included in this press release are certain financial terms (including
Base EBITDA and AUM) that the Company utilizes to assess the financial
performance of its business that are not measures recognized under
International Financial Reporting Standards (IFRS).
non-IFRS measures do not have any standardized meanings prescribed by
IFRS and should not be considered alternatives to net income or any
other measure of performance determined in accordance with IFRS.
these non-IFRS measures are unlikely to be comparable to similar
measures presented by other issuers. For additional information
regarding the Company’s use of non-IFRS measures, including the
calculation of these measures, please refer to the “Non-IFRS financial
measures” section of the Company’s Management’s Discussion and Analysis
and its financial statements available on the Company’s website and on
the SEDAR website located at


David Morris
Chief Financial Officer
(416) 681-6036


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