DundeeWealth reports April 2009 fee earning assets of $55.2 billion, $120 million in net sales and 5.5% growth in AUM



    TORONTO, May 4 /CNW/ - DundeeWealth Inc. ("DundeeWealth") (TSX: DW)
reported total revenue earning fiduciary assets at April 30, 2009 of $55.2
billion. This includes $27.0 billion in assets under management ("AUM"), $6.1
billion in Bank Deposits from Dundee Bank of Canada and $22.1 billion in
assets under administration. Growth of 5.5% in AUM includes fund division
market appreciation of $1.2 billion and net sales of $120 million.

    
    Assets Under Management and Administration
    As at April 30, 2009
    (in millions of $)

    -------------------------------------------------------------------------
    Total AUA and AUM, including Bank Deposits                        55,165
    -------------------------------------------------------------------------

    AUM Activity, excluding Bank Deposits:
    --------------------------------------
    AUM at beginning of period                                        24,101
    -------------------------------------------------------------------------
    Gross additions                                                      382
    Gross redemptions                                                    262
    -------------------------------------------------------------------------
    Net additions                                                        120
    Change in market                                                   1,207
    -------------------------------------------------------------------------
                                                                      25,428
    -------------------------------------------------------------------------
    Dundee Securities managed accounts                                 1,582
    -------------------------------------------------------------------------
    April 30, 2009 AUM                                                27,010
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    AUM Breakdown:
    --------------
    Mutual funds                                                      18,913
    Closed end funds                                                     278
    Structured investment solutions                                      292
    High net worth accounts - Goodman Private Wealth                   1,339
    High net worth assets in other categories                           (195)
    High net worth accounts - Dundee Securities managed accounts       1,582
    Third party institutional                                          4,801
    -------------------------------------------------------------------------
                                                                      27,010
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Dundee Bank of Canada, Bank Deposits                               6,117
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Assets under Administration                                       22,038
    -------------------------------------------------------------------------
    

    About DundeeWealth Inc.

    DundeeWealth is a Canadian owned, independent wealth management company
that oversees $55.2 billion in fee earning assets. 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).





For further information:

For further information: Joanne Ferstman, Vice Chairman, Chief Financial
Officer and Head of Capital Markets, DundeeWealth Inc., (416) 365-5010; or
Myra Reisler, Manager, Media Relations, DundeeWealth Inc., (416) 365-5370

Organization Profile

DUNDEEWEALTH INC.

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