GLUSKIN SHEFF + ASSOCIATES INC. ANNOUNCES FIRST QUARTER FISCAL 2011 RESULTS
AND CONFERENCE CALL

TORONTO, Oct. 18 /CNW/ - Gluskin Sheff + Associates Inc. (the "Company") will issue its financial results for the three months ended September 30, 2010 during the morning of Thursday, November 4, 2010. A conference call will be held Thursday, November 4, 2010 at 4:30 p.m. ET, followed by a question and answer period.

The telephone numbers for the conference call are:

Local:				[phone]
Toll Free:				[phone]

Please connect at least 15 minutes prior to the scheduled start time.

The telephone numbers to listen to the call after it is completed (Instant Replay) are local [phone] or toll free [phone]. The Passcode for the Instant Replay is 617805 followed by the number sign (#). The Instant Replay will be available until midnight, Thursday, November 18, 2010.

The conference call can also be heard over the Internet after it has been completed. Please access the Gluskin Sheff website at www.gluskinsheff.com, click on "Shareholders" and follow the link at the top of the page.

Founded in 1984, Gluskin Sheff + Associates Inc. is one of Canada's pre-eminent wealth management firms serving high net worth private clients and institutional investors. Gluskin Sheff offers equity and fixed income investment portfolios in addition to being one of the largest managers of alternative investments in Canada. The Company's Subordinate Voting Shares are listed on the Toronto Stock Exchange under the symbol "GS". For more information about the Company, please visit our website at www.gluskinsheff.com.

For further information:

David Morris
Chief FinancialOfficer
[phone]