DundeeWealth(R) reports February 2010 fee earning assets of $69.9 billion,
$569 million in net sales and 4.5% growth in AUM

TORONTO, March 1 /CNW/ - DundeeWealth Inc. ("DundeeWealth" or the "Company") (TSX: DW) reported total revenue earning fiduciary assets at February 28, 2010 of $69.9 billion. This includes $37.1 billion in assets under management ("AUM"), $7.4 billion in Bank Deposits from Dundee Bank of Canada and $25.4 billion in assets under administration ("AUA").

Change in AUM for the month includes long-term mutual fund net sales of $520 million and short-term mutual fund net redemptions of $14 million.

    
    Assets Under Management and Administration

    As at February 28, 2010

    (in millions of $)

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    Total AUA and AUM, including Bank Deposits                        69,895
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    AUM Activity, excluding Bank Deposits:
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    AUM at beginning of period                                        33,478
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    Gross additions                                                      956
    Gross redemptions                                                    387
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    Net additions                                                        569
    Change in market                                                     954
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                                                                      35,001
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    Dundee Securities managed accounts                                 2,113
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    February 28, 2010 AUM                                             37,114
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    -------------------------------------------------------------------------

    AUM Breakdown:
    --------------
    Mutual funds                                                      27,306
    Closed end funds                                                     358
    Structured investment solutions                                      221
    High net worth accounts - Goodman Private Wealth                   1,748
    High net worth assets in other categories                           (421)
    High net worth accounts - Dundee Securities managed accounts       2,113
    Third party institutional                                          5,789
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                                                                      37,114
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    Dundee Bank of Canada, Bank Deposits                               7,382
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    Assets under Administration                                       25,399
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    -------------------------------------------------------------------------
    

About DundeeWealth Inc.

DundeeWealth is a Canadian owned, independent wealth management company that oversees $69.9 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(TM), 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).

SOURCE DUNDEEWEALTH INC.

For further information: For further information: Investor/Analyst inquiries: John Pereira, Chief Financial Officer, DundeeWealth Inc., (416) 365-5180; Media inquiries: Myra Reisler, Manager, Public Affairs, DundeeWealth Inc., (416) 365-5370

Organization Profile

DUNDEEWEALTH INC.

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