Gluskin Sheff + Associates Inc. today announced today its preliminary assets under management (A*M) as at Dec. 31, 2007 and its preliminary estimate of unaudited performance fees.

The company estimates that performance fees earned for the 12 month performance period ended Dec. 31, 2007 were approximately $12.5 million. The fees relate primarily to $1.8 billion of AUM with a December 31 performance year end.

AUM as at Dec. 31, 2007 were approximately $5.6 billion net of the performance fees relating to the AUM with a December 31 performance year end.

The Toronto-based wealth management firms serves high net worth private clients and institutional investors.