DundeeWealth Inc.
TSX : DW

DundeeWealth Inc.

June 04, 2007 10:12 ET

Dundee Wealth Reports May 2007 Assets of $63.9 Billion

TORONTO, ONTARIO--(Marketwire - June 4, 2007) - Dundee Wealth Management Inc. (TSX:DW) reported total revenue earning fiduciary assets at May 31, 2007 of $63.9 billion.



The following is a breakdown of total assets as at May 31, 2007:

Assets Under Management and Administration
As at May 31, 2007

(in millions of $)

Assets Under Management (AUM) 28,881
Assets Under Administration (AUA) 33,243
Bank Client Deposits (BCD) 1,770
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Total AUM, AUA and BCD 63,894
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AUM Activity:
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AUM at beginning of period 26,428
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Gross additions 607
Gross redemptions 277
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Net additions 330
Change in market 499
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27,257
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Dundee Securities managed accounts 1,624
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May 31, 2007 AUM 28,881
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AUM Breakdown:
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Mutual funds 21,903
Closed end funds 395
Structured investment solutions 2,832
High net worth accounts - Goodman Private Wealth 1,549
High net worth assets in other categories (350)
High net worth accounts - Dundee Securities managed accounts 1,624
Third party funds 928
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28,881
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Please note that AUA figures are estimates only

Net additions and AUM include structured investment vehicles managed
by Dundee Securities Corporation or its affiliates.


Dundee Wealth is a Canadian owned wealth management company. Through its various subsidiaries, including Dundee Bank of Canada, a Schedule I chartered bank, Dundee Wealth creates and provides investment solutions as well as capital markets and advisory services for financial advisors, institutions, corporations and foundations. Dundee Wealth oversees $63.9 billion in assets under management and administration through independent financial advisors across Canada. It is listed on the Toronto Stock Exchange (TSX:DW).

Contact Information

  • Dundee Wealth Management Inc.
    Ned Goodman
    President and CEO
    (416) 365-5665
    or
    Dundee Wealth Management Inc.
    Joanne Ferstman
    Chief Financial Officer
    (416) 365-5010