DundeeWealth Inc.
TSX : DW

DundeeWealth Inc.

October 03, 2007 12:27 ET

DundeeWealth Reports September 2007 Assets of $64.3 Billion

TORONTO, ONTARIO--(Marketwire - Oct. 3, 2007) - DundeeWealth Inc. (TSX:DW) reported total revenue earning fiduciary assets at September 30, 2007 of $64.3 billion.

The following is a breakdown of total assets as at September 30, 2007:



Assets Under Management and Administration
As at September 30, 2007

(in millions of $)


Assets Under Management (AUM) 29,272
Assets Under Administration (AUA) 34,989
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Total AUM and AUA 64,261
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AUM Activity:
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AUM at beginning of period 26,923
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Gross additions 323
Gross redemptions 254
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Net additions 69
Change in market 683
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27,675
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Dundee Securities managed accounts 1,597
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September 30, 2007 AUM 29,272
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AUM Breakdown:
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Mutual funds 22,222
Closed end funds 600
Structured investment solutions 2,722
High net worth accounts - Goodman Private Wealth 1,596
High net worth assets in other categories (398)
High net worth accounts - Dundee Securities managed accounts 1,597
Third party funds 933
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29,272
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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.


As previously announced, DundeeWealth completed the sale of its banking unit, Dundee Bank of Canada, to Scotiabank on September 28, 2007. As a result, fee earning assets from bank client deposits are included in assets under administration.

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 $64.3 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 CEO
    (416) 365-2571
    or
    DundeeWealth Inc.
    Joanne Ferstman
    Chief Financial Officer
    (416) 365-5010