# GBL Asset Management

GBL Asset Management is a RIA based in Montreal, Canada.

## Overview

- **Organization type:** RIA
- **Headquarters:** Montreal, Canada
- **Region:** North America
- **Address:** Montreal, Quebec, Canada
- **Founded:** 1991
- **Assets under management:** Under $1 billion (Altss estimate)
- **Website:** gblasset.com

## Regulatory record

- **CRD number:** 121377
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/121377

## About

GBL Asset Management, Inc. is a state-registered investment adviser. The firm manages approximately $34 million in regulatory assets. It has 1 employee and 1 investment adviser.

## Sectors

- Real Estate
- Private Equity
- Financial Services

## People

- Richard G. Fortin — President and Chief Investment Officer

## Questions

### Who runs investment decisions at GBL Asset Management?

Richard G. Fortin is the president and chief investment officer and has led the firm since its founding in 1991. Investment decisions are made by Fortin, supported by a small in-house team. The governance structure is concentrated at the top, which is typical for a single-family-office-style investment vehicle.

### What is GBL Asset Management's long-standing core holding?

The firm's most notable and defining position is a significant, multidecade stake in Power Corporation of Canada (per public regulatory filings). Power Corporation is a Montreal-headquartered holding company that controls insurance giant Great-West Lifeco and wealth manager IGM Financial. That anchor holding shapes GBL's overall portfolio concentration and long-term cash-flow profile.

### Does GBL Asset Management accept outside capital?

There is no indication that GBL markets to external institutional investors or operates pooled fund vehicles for third parties. The firm manages internal and family-linked capital, giving it the structural freedom to hold concentrated positions without redemption pressure.

### What is the relationship between GBL Asset Management and Power Corporation?

GBL is an independent investment firm that holds a large minority stake in Power Corporation. It is not a subsidiary or affiliate of Power Corporation. The relationship is that of a long-term shareholder, and the position has been a centerpiece of GBL's public-equity portfolio for decades.

### Where is GBL Asset Management located?

GBL Asset Management is headquartered in Montreal, Quebec, Canada. Its operations and investment team are based there, and no additional office locations are publicly known.

## Related profiles

- [Murray Financial Group](https://altss.com/profile/murray-financial-group-inc)
- [Pelican Bay Asset Management](https://altss.com/profile/pelican-bay-asset-management-inc)

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Last updated: 2026-07-06T01:24:17.226Z

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