HALIFAX, NOVA SCOTIA--(Marketwire - Jan. 12, 2011) - Matrix Asset Management Inc. (TSX:MTA) ("Matrix") announced that as of December 31, 2010 its combined subsidiaries had a total of $2.6 billion in assets under management:
Assets under management under the current structure are as follows:
| Institutional and high net worth: | $1.4 billion |
| Retail: | $1.2 billion |
| Total: | $2.6 billion |
About Matrix (www.matrixasset.ca)
Matrix (TSX:MTA) is a diversified asset and wealth management company with offices across Canada. The Company's mission is to provide a diverse array of investment choices and the best possible investment management service to Canadian investors and institutions. The company delivers its services through three main operating subsidiaries serving institutional, high net worth, and retail investors.
Contact Information: Matrix Asset Management Inc.
Alex Irwin
Chief Operating Officer
604-895-7299
www.matrixasset.ca