DundeeWealth Inc.

DundeeWealth Inc.

January 02, 2007 16:28 ET

Dundee Wealth Reports 2006 Performance Fees

TORONTO, ONTARIO--(CCNMatthews - Jan. 2, 2007) - Dundee Wealth Management Inc. (TSX:DW) reports that its investment subsidiary, Goodman & Company, Investment Counsel Ltd., earned approximately $98 million in performance fee revenues for the year ended December 31, 2006, net of third party allocations and costs (unaudited). Goodman & Company manages approximately $5.4 billion of assets that generate extra revenues related to performance in years where the investment performance of the applicable fund exceeds its stated benchmark. These fees have not been accrued or reflected in the Company's previous interim 2006 quarterly results as by contract they are only earned on December 31, 2006. Included in these figures are certain managed assets which have a performance fee date of determination in early January 2007 and therefore represent estimates only.

Dundee Wealth is a Canadian owned, TSX listed, innovative 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 approximately $55.9 billion in assets under management and administration through independent financial advisors across Canada.

Contact Information

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