* Q4 EPS C$0.20 vs est C$0.22
* Q4 rev C$21.8 mln vs est C$23.7 mln
* Q4 performance fees fell 24 pct
Sept 16 (Reuters) - Canadian wealth manager Gluskin Sheff + Associates Inc GS.TO posted fourth quarter results that missed estimates, hurt by lower performance fees.
The company, whose primary business focus is managing equity assets on a discretionary basis for high-net-worth private clients, also named David Morris its new chief financial officer, effective Sept. 27.
For the April-June quarter, the company posted net income of C$5.8 million, or 20 Canadian cents a share, compared with net income of C$5.8 million, or 20 Canadian cents a share, ayear ago.
Revenue for the quarter rose 16 percent to C$21.8 million.
Analysts on average were expecting earnings of 22 Canadian cents a share on revenue of C$23.7 million, according to Thomson Reuters I/B/E/S.
Performance fees for the quarter fell 24 percent to C$1.9 million.
Shares of the Ontario-based Gluskin Sheff, which have shed 24 percent since it reported last quarter results on May 6, closed up 3 Canadian cents at C$16.50 Thursday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Prem Udayabhanu)