Gluskin Sheff, a pioneer among independent money managers

The investment industry is a highly-competitive business but it is also one that celebrates success. Today we tip our hats to two of Canada’s most successful money managers: Ira Gluskin and Gerald Sheff who announced yesterday they were selling their controlling interest in the wealth management firm they founded in 1984, Gluskin Sheff and Associates through a bought deal with a syndicate of underwriters.

As friendly competitors, we have long respected the firm’s pioneering spirit and independent viewpoint – often expressed through Ira Gluskin’s always amusing and insightful commentaries.

Gluskin Sheff helped pave the way for other large independent wealth management firms like Newport Private Wealth to grow and prosper by providing high net worth clients with an exclusive, service-first alternative to the offerings of the big banks.

We salute you gentlemen and thank you for your service to our industry.