DundeeWealth Inc.
TSX : DW

DundeeWealth Inc.

November 02, 2006 17:11 ET

Dundee Wealth Reports October 2006 Assets of $54.1 Billion

TORONTO, ONTARIO--(CCNMatthews - Nov. 2, 2006) - Dundee Wealth Management Inc. (TSX:DW) reported total revenue earning fiduciary assets at October 31, 2006 of $54.1 billion.



The following is a breakdown of total assets as at October 31, 2006:

Assets Under Management and Administration
As at October 31, 2006
(in millions of $)

Assets Under Management (AUM) 24,474
Assets Under Administration (AUA) 29,137
Bank Client Deposits 462
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Total AUM & AUA 54,073
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AUM Activity:
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September 30, 2006 AUM 21,651
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October, 2006 gross additions 1,005
October, 2006 gross redemptions 374
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October 31, 2006 net additions 631
Change in market 866
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1,497
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Dundee Securities managed accounts 1,326
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October 31, 2006 AUM 24,474
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AUM Breakdown:
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Mutual funds 18,515
Closed end funds 498
Structured investment solutions 2,421
High net worth accounts - Goodman Private Wealth 1,270
High net worth assets in other categories (268)
High net worth accounts - Dundee Securities managed accounts 1,326
Third party funds 712
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24,474
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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, TSX listed, innovative wealth management company. Through its various subsidiaries and through 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 $54.1 billion in assets under management and administration through independent financial advisors across Canada.

Contact Information

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