DundeeWealth Inc.
TSX : DW

DundeeWealth Inc.

August 05, 2008 16:34 ET

DundeeWealth Reports July 2008 Assets of $65.6 Billion

TORONTO, ONTARIO--(Marketwire - Aug. 5, 2008) - DundeeWealth Inc. (TSX:DW) reported total revenue earning fiduciary assets at July 31, 2008 of $65.6 billion.



Assets Under Management and Administration
As at July 31, 2008
(in millions of $)

Assets Under Management (AUM) 34,860
Assets Under Administration (AUA) 30,739
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Total AUM and AUA 65,599
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AUM Activity:
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AUM at beginning of period 29,615
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Gross additions 1,185
Gross redemptions 456
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Net additions 729
Acquisitions 4,643
Change in market (1,941)
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33,046
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Dundee Securities managed accounts 1,814
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July 31, 2008 AUM 34,860
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AUM Breakdown:
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Mutual funds 24,996
Closed end funds 483
Structured investment solutions 531
High net worth accounts - Goodman Private Wealth 1,762
High net worth assets in other categories (395)
High net worth accounts - Dundee Securities managed accounts 1,814
Third party institutional 5,669
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34,860
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(i) Included in acquisitions is $4.6 billion of predominantly institutional
accounts that were purchased as part of our recent acquisition of Aurion
Capital Management Inc. and BHR Fund Advisors, LLP.


DundeeWealth is a Canadian owned, independent wealth management company that oversees $65.6 billion in assets under management and administration. It provides diversified wealth management and investment solutions including alternative and tax-advantaged products, capital markets and advisory services to financial advisors, institutions, corporations and foundations, and innovative wealth management through independent financial advisors across Canada. Its award winning investment brand, Dynamic Funds, managed by Goodman & Company, Investment Counsel Ltd., is also available outside of Canada through distribution platforms in Europe and the United States. DundeeWealth is listed on the Toronto Stock Exchange (TSX:DW).

Contact Information

  • DundeeWealth Inc.
    Joanne Ferstman
    Chief Financial Officer
    (416) 365-5010
    or
    DundeeWealth Inc.
    Robert Pattillo, Executive Vice President,
    Branding, Marketing & Communications
    (416) 365-6466