Gluskin Sheff + Associates Is On The Takeover Radar

Reposted from Seeking Alpha
By Brian Langis

Gluskin Sheff + Associates Inc.

US: (OTC:GLUSF)
Canada: (TSX:GS)

Note: Dollar amounts are in Canadian $ unless mentioned otherwise. USD-CAD 1.0514 Price of 1 USD in CAD (November 22th 2013)

Gluskin Sheff + Associates, Inc. (GS, GLUSF.PK) is a Canadian wealth management firm. In Canada GS is in the prestigious business of serving only high net worth individuals, charity foundations and institutional investors. The business model of wealth management is a very simple one – it’s about helping people to invest their money in return for a fee. GS only manages portfolios of $3 million or more and often asks for even more from new clients. GS is known for serving the Canadian elites, many of them are the richest and most powerful people in Canada. The highest threshold has an average asset per management (AUM) of $67 million per relationship. GS has built a reputation of high-level client service and high performance. As of September 30th 2013, GS had $6.3 billion AUM.

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Summary GS

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