DundeeWealth Inc.

DundeeWealth Inc.

January 07, 2005 17:05 ET

Dundee Wealth Reports December 31, 2004 Assets of $41.5 Billion


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DUNDEE WEALTH MANAGEMENT INC.

TSX SYMBOL: DW

JANUARY 7, 2005 - 17:05 ET

Dundee Wealth Reports December 31, 2004 Assets of
$41.5 Billion

TORONTO, ONTARIO--(CCNMatthews - Jan. 7, 2005) - Dundee Wealth
Management Inc. (TSX:DW) reported total fee earning fiduciary assets at
December 31, 2004 of $41.5 billion.

The following is a breakdown of total assets as at December 31, 2004:



As at December 31, 2004
(in millions of $)

Assets Under Management (AUM) 14,532
Assets Under Administration (AUA) 26,984
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Total AUM & AUA 41,516
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AUM Activity:
November 30, 2004 AUM 13,273
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December 2004 gross additions 360
December 2004 gross redemptions 167
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December 2004 net additions 193
Change in market 337
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13,803
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Dundee Securities managed accounts 729
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December 31, 2004 AUM 14,532
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AUM Breakdown:
Mutual Funds 11,638
Closed end funds 559
Structured products 493
High net worth accounts - Goodman Private Wealth 716
High net worth accounts - Dundee Securities managed accounts 729
Third party funds 397
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14,532
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Please note that AUA figures are estimates only


Dundee Wealth is a Canadian owned, TSX listed wealth management company
that provides investment management, securities brokerage, financial
planning and investment advisory services to individuals, financial
advisors, institutions, corporations and foundations. Dundee Wealth
oversees $41.5 billion in assets under management and administration and
2,687 independent financial advisors and insurance agents located in 688
branches across Canada.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Dundee Wealth Management Inc.
    Ned Goodman
    Chief Executive Officer
    (416) 365-5665
    or
    Dundee Wealth Management Inc.
    Joanne Ferstman
    Chief Financial Officer
    (416) 365-5010