DundeeWealth Inc.
TSX : DW

DundeeWealth Inc.

June 02, 2006 14:39 ET

Dundee Wealth Reports May 2006 Assets of $49 Billion

TORONTO, ONTARIO--(CCNMatthews - June 2, 2006) - Dundee Wealth Management Inc. (TSX:DW) reported total fee earning fiduciary assets at May 31, 2006 of $49.2 billion.



The following is a breakdown of total assets as at May 31, 2006:

Assets Under Management and Administration
As at May 31, 2006
(in millions of $)


Assets Under Management (AUM) 21,256
Assets Under Administration (AUA) 27,965
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Total AUM & AUA 49,221
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AUM Activity:
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April 30, 2006 AUM 20,592
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May, 2006 gross additions 457
May, 2006 gross redemptions 282
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May, 2006 net additions 175
Change in market (724)
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20,043
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Dundee Securities managed accounts 1,213
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May 31, 2006 AUM 21,256
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AUM Breakdown:
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Mutual funds 17,228
Closed end funds 512
Structured products 673
High net worth accounts - Goodman Private Wealth 1,262
High net worth assets in other categories (268)
High net worth accounts - Dundee Securities managed accounts 1,213
Third party funds 636
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21,256
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Please note that AUA figures are estimates only


Dundee Wealth is a Canadian owned, TSX listed wealth management company that creates innovative asset management and alternative investment products and provides investment management, securities brokerage, financial planning and investment advisory services to individuals, financial advisors, institutions, corporations and foundations. Dundee Wealth oversees $49.2 billion in assets under management and administration and 1,866 independent financial advisors and 517 insurance agents located in 646 branches across Canada.

Contact Information

  • 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