Gluskin Sheff and Associates | StockChase
48
Gluskin Sheff and Associates (GS-T)

Last Price Recorded: $16.1800 on 2017-12-14

ON STOCKCHASE SINCE May 2006

Money managers

Financial Services
48
Gluskin Sheff and Associates (GS-T)

Last Price Recorded: $16.1800 on 2017-12-14

ON STOCKCHASE SINCE May 2006

Money managers

Financial Services

Gluskin Sheff and Associates


Signal Opinion Expert
DON'T BUY

A long-term manager of high net worth clients, who historically has done pretty well. He would avoid the stock right now. In the last year there has been a lot of infighting. The 2 founders are suing the company. Performance numbers have not been impressive. He worries what is going to happen to their asset flows, given some of the stuff that has happened.

Financial Services

A long-term manager of high net worth clients, who historically has done pretty well. He would avoid the stock right now. In the last year there has been a lot of infighting. The 2 founders are suing the company. Performance numbers have not been impressive. He worries what is going to happen to their asset flows, given some of the stuff that has happened.

Financial Services
Alex Ruus

Portfolio Manager, Arrow Capital Manage...

PricePrice
$15.520
Owned Owned
Unknown

TOP PICK

A cheap company, valuation wise. They often pay special dividends. There were some litigation issues with the cofounders, but that’s behind them now. There is a new CEO coming on who has taken on a 2% position in the company, and thinks he is going to do some things to help move the share price. Dividend yield of 6.4%. (Analysts’ price target is $17.)

Financial Services

A cheap company, valuation wise. They often pay special dividends. There were some litigation issues with the cofounders, but that’s behind them now. There is a new CEO coming on who has taken on a 2% position in the company, and thinks he is going to do some things to help move the share price. Dividend yield of 6.4%. (Analysts’ price target is $17.)

Financial Services
Ryan Modesto

Managing Partner, 5i Research...

PricePrice
$15.480
Owned Owned
No

DON'T BUY

Founded by 2 people who were geniuses in the business of managing money for high net worth families. The stock has struggled. The company makes its money by charging a fee on assets under management, but also by charging a participation fee on profits. Increasingly, high net worth families are resisting paying participation, simply because they don’t have to. Because of this, the company has difficulty in expanding its asset base and producing the kind of profits investors want to see.

Financial Services

Founded by 2 people who were geniuses in the business of managing money for high net worth families. The stock has struggled. The company makes its money by charging a fee on assets under management, but also by charging a participation fee on profits. Increasingly, high net worth families are resisting paying participation, simply because they don’t have to. Because of this, the company has difficulty in expanding its asset base and producing the kind of profits investors want to see.

Financial Services
David Baskin

President, Baskin Wealth Manage...

PricePrice
$15.480
Owned Owned
No

COMMENT

A well-run asset manager. Asset managers have really lagged, and feels this is because of management fees on many of them. That doesn’t apply to this company. ETF's have lower fees and mutual funds cannot compete with them.

Financial Services

A well-run asset manager. Asset managers have really lagged, and feels this is because of management fees on many of them. That doesn’t apply to this company. ETF's have lower fees and mutual funds cannot compete with them.

Financial Services
Veronika Hirsch

Chief Investment Officer, Arrow Capital...

PricePrice
$16.660
Owned Owned
No

COMMENT

Just reached a settlement. She prefers wealth management through the big banks. If existing shareholders want to sell, it could probably be a candidate for a take out by one of the big banks, however, she has not heard anything about them being for sale.

Financial Services

Just reached a settlement. She prefers wealth management through the big banks. If existing shareholders want to sell, it could probably be a candidate for a take out by one of the big banks, however, she has not heard anything about them being for sale.

Financial Services
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$17.950
Owned Owned
No

COMMENT

Possible takeover by one of the banks? It is tough for a bank to buy this, because the culture is much more entrepreneurial than what the banks have. Also, they focus on the high net worth investor, and the banks average client size would be significantly smaller. This has not gotten back to anywhere near the $30 share price that it had in the 2014 era. Dividend yield of 5.8%.

Financial Services

Possible takeover by one of the banks? It is tough for a bank to buy this, because the culture is much more entrepreneurial than what the banks have. Also, they focus on the high net worth investor, and the banks average client size would be significantly smaller. This has not gotten back to anywhere near the $30 share price that it had in the 2014 era. Dividend yield of 5.8%.

Financial Services
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$17.110
Owned Owned
Unknown

TOP PICK

An asset manager that operates in the high net worth space. The demographics are great. Family assets are growing more quickly than lower net worth households. Also, client relationships tend to be longer-term and stickier, due to the nature of the services offered. The stock is discounted because of long-term litigation with the founders, which is likely to get cleared up later this year. Dividend yield of 5.27%. (Analysts’ price target is $19.67.)

Financial Services

An asset manager that operates in the high net worth space. The demographics are great. Family assets are growing more quickly than lower net worth households. Also, client relationships tend to be longer-term and stickier, due to the nature of the services offered. The stock is discounted because of long-term litigation with the founders, which is likely to get cleared up later this year. Dividend yield of 5.27%. (Analysts’ price target is $19.67.)

Financial Services
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$18.990
Owned Owned
Yes

BUY

(Market Call Minute) He likes the investment managers.  They are leveraged well to the strong market that he thinks we will have for the next 12 to 18 months.

Financial Services

(Market Call Minute) He likes the investment managers.  They are leveraged well to the strong market that he thinks we will have for the next 12 to 18 months.

Financial Services
Brendan Caldwell

President, Caldwell Securities...

PricePrice
$17.100
Owned Owned
Unknown

DON'T BUY

(Market Call Minute.) Thinks they are going to have a rough patch with CRM2.

Financial Services

(Market Call Minute.) Thinks they are going to have a rough patch with CRM2.

Financial Services
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$16.700
Owned Owned
Unknown

WATCH

This has been hurt lately for a couple of reasons. In the fund industry it has been hard bringing in new assets. Money has actually been flowing out of equities and equity funds. Secondly, they are having a fight between the company and its founding partners. With that uncertainty hanging over it, you don’t know where this is going to be. Once that is out of the way, the stock should do better. Also, they charge high fees compared to other money managers.

Financial Services

This has been hurt lately for a couple of reasons. In the fund industry it has been hard bringing in new assets. Money has actually been flowing out of equities and equity funds. Secondly, they are having a fight between the company and its founding partners. With that uncertainty hanging over it, you don’t know where this is going to be. Once that is out of the way, the stock should do better. Also, they charge high fees compared to other money managers.

Financial Services
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$16.450
Owned Owned
Unknown

BUY on WEAKNESS

This is an asset management business that is doing the right things.  The strife will sort itself out.  It may not take off right away, but it will take off.  Write some puts about $16.50.

Financial Services

This is an asset management business that is doing the right things.  The strife will sort itself out.  It may not take off right away, but it will take off.  Write some puts about $16.50.

Financial Services
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$17.330
Owned Owned
Unknown

HOLD

(Market Call Minute.) Investment management, and would be leveraged to higher markets. Thinks markets are higher, but not inordinately so.

Financial Services

(Market Call Minute.) Investment management, and would be leveraged to higher markets. Thinks markets are higher, but not inordinately so.

Financial Services
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$19.640
Owned Owned
Unknown

COMMENT

Has created its great nation of high net worth business in Canada, and are one of the premier names for wealthy individuals. They have a number of different strategies. Traditionally have done very well and have excellent portfolio managers. Some of their funds are performance fees, where depending on how well they do, would generate extra income and a special dividend. This is on his radar screen.

Financial Services

Has created its great nation of high net worth business in Canada, and are one of the premier names for wealthy individuals. They have a number of different strategies. Traditionally have done very well and have excellent portfolio managers. Some of their funds are performance fees, where depending on how well they do, would generate extra income and a special dividend. This is on his radar screen.

Financial Services
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$17.000
Owned Owned
No

COMMENT

Competition for him, but a firm that he has always admired. The question in the market is with the departure of the founders and some of the people that have been there a long time. There is risk in these changes, but it is hard to judge how much. A quality firm, but is in different hands which have created some turbulence. Also, banks are making a more determined effort to gather assets, and some of that is coming at the expense of the non-bank managers.

Financial Services

Competition for him, but a firm that he has always admired. The question in the market is with the departure of the founders and some of the people that have been there a long time. There is risk in these changes, but it is hard to judge how much. A quality firm, but is in different hands which have created some turbulence. Also, banks are making a more determined effort to gather assets, and some of that is coming at the expense of the non-bank managers.

Financial Services
Michael Decter

President & CEO, Lawrence Decter Inve...

PricePrice
$24.170
Owned Owned
No

DON'T BUY

A well management company, they are very profitable.  They have management fees and performance fees.  The stock got tremendously overpriced.  He prefers GCG-T.  GS-T is expensive.

Financial Services

A well management company, they are very profitable.  They have management fees and performance fees.  The stock got tremendously overpriced.  He prefers GCG-T.  GS-T is expensive.

Financial Services
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$26.390
Owned Owned
No

Showing 1 to 15 of 48 entries
<< < 1 2 3 4 > >>

No Comments.


You must be logged in to comment.

Successfully Saved Company