Gluskin Sheff

Onex Reports First Quarter 2023 Results

Retrieved on: 
Friday, May 12, 2023
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TORONTO, May 12, 2023 (GLOBE NEWSWIRE) -- Onex Corporation (TSX: ONEX) today announced its financial results for the first quarter ended March 31, 2023.

Key Points: 
  • In April 2023, ONCAP V completed its second close bringing total commitments to approximately $520 million, including $250 million from Onex.
  • In March 2023, Onex announced its intention to wind down the operations of Gluskin Sheff following an agreement with RBC Wealth Management Canada to expand distribution of Onex investment products through their network.
  • Onex had approximately $7.8 billion of investing capital, or $96.24 (C$130.25) per fully diluted share at March 31, 2023.
  • Onex management will host a webcast to review Onex’ first quarter 2023 results on Friday, May 12, 2023 at 11:00 a.m.

Onex Provides Update on Gluskin Sheff

Retrieved on: 
Friday, March 24, 2023
Wind, Gluskin Sheff, ONEX, RBC, TSX, Growth, Employment, Onex Corporation, Onex

TORONTO, March 24, 2023 (GLOBE NEWSWIRE) -- Earlier today, Onex Corporation (TSX: ONEX) announced an agreement with RBC Wealth Management Canada (“RBC WMC”) to expand distribution of Onex investment products through RBC WMC.

Key Points: 
  • TORONTO, March 24, 2023 (GLOBE NEWSWIRE) -- Earlier today, Onex Corporation (TSX: ONEX) announced an agreement with RBC Wealth Management Canada (“RBC WMC”) to expand distribution of Onex investment products through RBC WMC.
  • All advisor team employees of Gluskin Sheff will be offered employment with RBC WMC.
  • Consequently, Gluskin Sheff intends to wind down its wealth management and wealth planning operations not transferred to RBC WMC.
  • Onex expects to provide an update on the wind down and its financial impact with its first quarter earnings results in May 2023.

Onex and RBC Wealth Management Canada Announce Agreement to Move Gluskin Sheff Advisor Teams to RBC, Expand Distribution of Onex Products

Retrieved on: 
Friday, March 24, 2023
Canada, RBC, Employment, History, Onex Corporation, ONEX, TSX, Financial services, Gluskin Sheff, Onex

TORONTO, March 24, 2023 (GLOBE NEWSWIRE) -- Onex Corporation (TSX: ONEX) and RBC Wealth Management Canada (RBC WMC) today announced that RBC WMC will offer employment to all advisor teams of Gluskin Sheff, Onex’ private wealth business.

Key Points: 
  • TORONTO, March 24, 2023 (GLOBE NEWSWIRE) -- Onex Corporation (TSX: ONEX) and RBC Wealth Management Canada (RBC WMC) today announced that RBC WMC will offer employment to all advisor teams of Gluskin Sheff, Onex’ private wealth business.
  • Gluskin Sheff and RBC WMC will work to ensure a seamless transition for clients who choose to transfer to RBC WMC.
  • “We are delighted to work with RBC Wealth Management Canada,” said Bobby Le Blanc, President of Onex.
  • “We are excited to welcome Gluskin Sheff clients and advisory teams to Wealth Management Canada,” said David Agnew, CEO of RBC Wealth Management Canada.

Gluskin Sheff announces expansion of client offering with new insurance solution

Retrieved on: 
Monday, October 3, 2022
Solution, Estate, Lawyer, Onex, Family, Â, ONEX, Armed Forces & Police Mutual Benefit Association, Inc, Forward-looking statement, Onex Corporation, TSX, GLOBE, Financial services, Financial adviser, Insurance, Gluskin Sheff

Gluskin Sheff clients can now directly access customized insurance solutions to address their individual needs through GSFS, a subsidiary of Gluskin Sheff.

Key Points: 
  • Gluskin Sheff clients can now directly access customized insurance solutions to address their individual needs through GSFS, a subsidiary of Gluskin Sheff.
  • At Gluskin Sheff, we strive to provide our clients with outstanding service, advice and solutions.
  • Insurance is a key component of building a holistic wealth plan and allows our clients to protect, access and transfer their wealth to achieve their financial goals, said Dave Kelly, Head of Gluskin Sheff.
  • The insurance specialists joining GSFS have been working together since January 2018 and have previously partnered with Gluskin Sheff to provide our clients a range of tailored insurance solutions.

Gluskin Sheff expands alternative offering with new Onex Partners Private Equity Solution 2022

Retrieved on: 
Wednesday, June 8, 2022
High-net-worth individual, Head, Knowledge, Software, Partnership, ONEX, Armed Forces & Police Mutual Benefit Association, Inc, Solution, Gluskin Sheff, GLOBE, Onex Corporation, TSX, Industry, Learning, Fund, Financial services, Security (finance), Onex

TORONTO, June 08, 2022 (GLOBE NEWSWIRE) -- Gluskin Sheff + Associates Inc. (Gluskin Sheff), the wealth management platform of Onex Corporation (Onex) (TSX: ONEX), today announced the launch of the Onex Partners Private Equity Solution 2022 (the Fund), a private equity strategy that seeks to generate compelling returns for Canadian high-net-worth investors, with an emphasis on capital preservation.

Key Points: 
  • TORONTO, June 08, 2022 (GLOBE NEWSWIRE) -- Gluskin Sheff + Associates Inc. (Gluskin Sheff), the wealth management platform of Onex Corporation (Onex) (TSX: ONEX), today announced the launch of the Onex Partners Private Equity Solution 2022 (the Fund), a private equity strategy that seeks to generate compelling returns for Canadian high-net-worth investors, with an emphasis on capital preservation.
  • For the first time, Canadian accredited investors can access Onex private equity platform through Gluskin Sheff to uncover an investment opportunity previously unavailable to the retail accredited investor market.
  • For almost two decades, Onex flagship private equity platform, Onex Partners, has been creating value for our investors by placing an emphasis on capital preservation and achieving strong absolute growth through market cycles, said Bobby Le Blanc, President of Onex and head of Onex Partners.
  • Formed by Onex in 2003, Onex Partners is Onex private equity platform focused on investing in mid- to large-cap companies.

Dave Kelly Joins Onex as Head of Gluskin Sheff

Retrieved on: 
Wednesday, January 12, 2022
TD, TD Waterhouse, Commonwealth Associates, Inc., ONEX, Growth, Onex Corporation, Wealth management, Partner, CEO, GLOBE, Solution, Toronto Stock Exchange, Leadership, Gluskin Sheff, TSX, Finance, Head, Investment, Financial services, Onex

TORONTO, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Onex Corporation (“Onex”) (TSX: ONEX) today announced the appointment of Dave Kelly as Head of Gluskin Sheff + Associates Inc. (“Gluskin Sheff”), Onex’ exclusive wealth management platform and one of Canada’s pre-eminent wealth management firms. Mr. Kelly brings extensive experience in the Canadian private wealth industry and his leadership will add valuable operational expertise as Onex continues to grow and expand its platform.

Key Points: 
  • TORONTO, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Onex Corporation (Onex) (TSX: ONEX) today announced the appointment of Dave Kelly as Head of Gluskin Sheff + Associates Inc. (Gluskin Sheff), Onex exclusive wealth management platform and one of Canadas pre-eminent wealth management firms.
  • Gluskin Sheff is competitively differentiated in the market, being one of the only firms to provide clients with access to alternative investments and wealth planning solutions, said Bobby Le Blanc, President of Onex.
  • Most recently, Mr. Kelly was Head of Private Wealth Management and Financial Planning at TD Wealth.
  • Based in Toronto, Gluskin Sheff manages approximately $7 billion in assets (as of September 30, 2021) and was acquired by Onex in 2019.

Gluskin Sheff expands alternative investment offering with new Onex Falcon Direct Lending Fund

Retrieved on: 
Friday, October 1, 2021
Like a Boss (film), High-net-worth individual, Solution, TSX, Guideline, Fund, Gross, CEO, Commonwealth Associates, Inc., Risk, Learning, Onex Corporation, Gluskin Sheff, Investment, General partnership, ONEX, Industry, IRR, GLOBE, Bank, Security (finance), Financial services

TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Gluskin Sheff + Associates Inc. (Gluskin Sheff), the wealth management platform of Onex Corporation (Onex) (TSX: ONEX), today announced the launch of the Onex Falcon Direct Lending Fund* (the Fund), a differentiated credit offering focused on principal preservation and downside protection via directly originated senior secured loan investments.1 This new offering gives Canadian accredited individual investors access to an asset class favoured by institutions and family offices.

Key Points: 
  • TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Gluskin Sheff + Associates Inc. (Gluskin Sheff), the wealth management platform of Onex Corporation (Onex) (TSX: ONEX), today announced the launch of the Onex Falcon Direct Lending Fund* (the Fund), a differentiated credit offering focused on principal preservation and downside protection via directly originated senior secured loan investments.1 This new offering gives Canadian accredited individual investors access to an asset class favoured by institutions and family offices.
  • As investor needs continue to evolve, we are proud to be part of Onex, which enables us to offer Gluskin Sheff clients access to creative and unique alternative investment solutions, said Jeff Moody, President and CEO of Gluskin Sheff.
  • The Funds manager, Onex Falcon, is led by a team of more than 30 investment professionals and has a track record that extends over 20 years.
  • 2 For the quarters immediately following the Funds launch, yield may fall below target levels as the Onex Falcon Direct Lending Fund ramps-up.

Wealth Enhancement Group Welcomes Equity Investment from Onex to Drive Next Stage of Growth

Retrieved on: 
Tuesday, August 24, 2021
Industry, ONEX, Face, WEAS, LLC, Growth, Onex Corporation, Digital marketing, Technology, Digital, Partner, RIA, WEG, LPL Financial, Gluskin Sheff, Business development, Investment, IARS, TA Associates, TA, Trust, Culture, TSX, Toronto Stock Exchange, Health, Financial adviser, Financial services

MINNEAPOLIS and TORONTO, Aug. 24, 2021 /PRNewswire/ -- Wealth Enhancement Group (WEG), an independent wealth management firm with nearly $40.2 billion in client assets*, and Onex Corporation (TSX: ONEX), an investment firm and asset manager, today announced a new equity investment from Onex Partners V and certain Onex co-investors, including Onex Corporation (together "Onex"), to help drive WEG's next stage of organic growth and M&A expansion.

Key Points: 
  • MINNEAPOLIS and TORONTO, Aug. 24, 2021 /PRNewswire/ -- Wealth Enhancement Group (WEG), an independent wealth management firm with nearly $40.2 billion in client assets*, and Onex Corporation (TSX: ONEX), an investment firm and asset manager, today announced a new equity investment from Onex Partners V and certain Onex co-investors, including Onex Corporation (together "Onex"), to help drive WEG's next stage of organic growth and M&A expansion.
  • Jeff Dekko, Chief Executive Officer of Wealth Enhancement Group, said, "Our new investment from Onex augments our continued relationship with TA, bringing together two of the most accomplished private equity investment firms in the world.
  • Wealth Enhancement Group is a Greater Minneapolis-based independent wealth management firm offering comprehensive and customized financial planning and investment management services.
  • Wealth Enhancement Group is a registered trademark of Wealth Enhancement Group, LLC.

Onex Continues to Grow its Credit Platform with Two New Senior Hires

Retrieved on: 
Wednesday, July 15, 2020
Economy, Finance, Money, Onex Corporation, Gluskin Sheff, Onex, High-yield debt, Sheff

TORONTO, July 15, 2020 (GLOBE NEWSWIRE) -- Onex Corporation (Onex) (TSX: ONEX) and Onex Credit have appointed ClintComeaux as Head of High Yield Credit and Tom Higbie as Portfolio Manager for the Opportunistic Credit team.

Key Points: 
  • TORONTO, July 15, 2020 (GLOBE NEWSWIRE) -- Onex Corporation (Onex) (TSX: ONEX) and Onex Credit have appointed ClintComeaux as Head of High Yield Credit and Tom Higbie as Portfolio Manager for the Opportunistic Credit team.
  • These newly created positions will report to Stuart Kovensky and Jason New, Co-CEOs of Onex Credit.
  • Onex Credit sees continued growth momentum in the High Yield strategy and compelling synergies with its other strategies including Opportunistic Credit, Loans and CLOs, as well as Investment Grade Credit at Gluskin Sheff.
  • Mr.Higbie will oversee investments for Onex Opportunistic Credit team, which the firm is continuing to grow to seize the current expanding market opportunities.

Matthew Lehmann Joins Gluskin Sheff as Head of Asset Allocation

Retrieved on: 
Monday, July 13, 2020
Investment management, Finance, Economy, Money, Gluskin Sheff, Onex Corporation, Sheff, Onex, Asset allocation, Wealth management

TORONTO, July 13, 2020 (GLOBE NEWSWIRE) -- Onex Corporation (Onex) (TSX: ONEX) announced today that Matthew Lehmann will be joining its wealth management division, Gluskin Sheff, as Managing Director, Head of Asset Allocation.

Key Points: 
  • TORONTO, July 13, 2020 (GLOBE NEWSWIRE) -- Onex Corporation (Onex) (TSX: ONEX) announced today that Matthew Lehmann will be joining its wealth management division, Gluskin Sheff, as Managing Director, Head of Asset Allocation.
  • Mr. Lehmann will lead strategic asset allocation and investment strategy for Gluskin Sheff clients, in close partnership with the firms Chief Investment Officer, Peter Zaltz.
  • Mr. Lehmann commented, Im excited to join Gluskin Sheff and to help clients realize their financial objectives.
  • I look forward to partnering with the entire team to deliver asset allocation and investment strategy tailored to Gluskin Sheff clients.