DundeeWealth Inc.
TSX : DW

DundeeWealth Inc.

January 03, 2008 16:01 ET

DundeeWealth Reports December 2007 Assets of $60.5 Billion and Performance Fees for 2007

TORONTO, ONTARIO--(Marketwire - Jan. 3, 2008) - DundeeWealth Inc. (TSX:DW) reports total revenue earning fiduciary assets at December 31, 2007 of $60.5 billion. Goodman & Company, Investment Counsel Ltd., a subsidiary of DundeeWealth Inc., manages approximately $7.2 billion of assets that generate extra revenues if the investment performance of an applicable fund exceeds its stated benchmark. DundeeWealth Inc. reports that Goodman & Company earned approximately $74.6 million in performance fee revenues for the year ended December 31, 2007, net of third party allocations and costs (unaudited). Generally, these fees have not been accrued or reflected in the Company's interim 2007 quarterly results as, by contract, they are only earned on December 31, 2007.



Assets Under Management and Administration
As at December 31, 2007

(in millions of $)

Assets Under Management (AUM) 28,161
Assets Under Administration (AUA) 32,329
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Total AUM and AUA 60,490
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Please note that AUA figures are estimates only


For the one month and twelve month periods ended
December 31, 2007
December, 2007 Twelve months
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AUM Activity:
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AUM at beginning of period
(December 1, 2007 and
January 1, 2007, respectively) 26,066 24,505
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Gross additions 523 7,297
Gross redemptions 296 4,324
AUM acquired - 69
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Net additions 227 3,042
Change in market 262 1,159
Restructuring of structured
financial asset conduit - (2,151)
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26,555 26,555
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Dundee Securities managed accounts 1,606 1,606
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December 31, 2007 AUM 28,161 28,161
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AUM Breakdown:
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Mutual funds 23,155
Closed end funds 610
Structured investment solutions 590
High net worth accounts - Goodman
Private Wealth 1,689
High net worth assets in other
categories (428)
High net worth accounts - Dundee
Securities managed accounts 1,606
Third party funds 939
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28,161
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In addition to the figures detailed above, the Company continues to administer bank client deposits of $2.9 billion in Dundee Bank of Canada, which was sold on September 28, 2007.

DundeeWealth is a Canadian owned, diversified wealth management company. Through its various subsidiaries, DundeeWealth creates innovative asset management, alternative investments and provides investment solutions. In addition, DundeeWealth provides capital markets and advisory services to financial advisors, institutions, corporations and foundations, and provides retail banking services through financial advisors. DundeeWealth oversees $60.5 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

  • DundeeWealth Inc.
    David Goodman
    President and Chief Executive Officer
    (416) 365-6466
    or
    DundeeWealth Inc.
    Robert Pattillo
    Chief Brand and Communications Officer
    (416) 365-6466