Onex Corporation and RBC Wealth Management Canada 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. In addition, the two firms have agreed to work together on the distribution of Onex investment strategies through RBC WMC. This would put Onex Funds on one of Canada’s largest wealth platforms while expanding RBC WMC’s product capabilities for high-net worth Canadians. The parties will comply with all regulatory requirements that are necessary to further this arrangement.
Published first on TheFly
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