DundeeWealth(R) Reports March 2010 Fee Earning Assets of $72.3 Billion, $511
Million in Net Sales and 4.4% Growth in AUM

TORONTO, April 1 /CNW/ - DundeeWealth Inc. ("DundeeWealth" or the "Company") (TSX: DW) reported total revenue earning fiduciary assets at March 31, 2010 of $72.3 billion. This includes $38.8 billion in assets under management ("AUM"), $7.5 billion in Bank Deposits from Dundee Bank of Canada and $26.0 billion in assets under administration ("AUA").

Change in AUM for the month includes long-term mutual fund net sales of $543 million and short-term mutual fund net redemptions of $9 million.

    
    Assets Under Management and Administration

    As at March 31, 2010

    (in millions of $)

    -------------------------------------------------------------------------
    Total AUA and AUM, including Bank Deposits                        72,253
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    AUM Activity, excluding Bank Deposits:
    --------------------------------------
    AUM at beginning of period                                        35,001
    -------------------------------------------------------------------------
    Gross additions                                                    1,192
    Gross redemptions                                                    681
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    Net additions                                                        511
    Change in market                                                   1,083
    -------------------------------------------------------------------------
                                                                      36,595
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Dundee Securities managed accounts                                 2,167
    -------------------------------------------------------------------------
    March 31, 2010 AUM                                                38,762
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    AUM Breakdown:
    --------------
    Mutual funds                                                      28,778
    Closed end funds                                                     204
    Structured investment solutions                                      235
    High net worth accounts - Goodman Private Wealth                   1,906
    High net worth assets in other categories                           (480)
    High net worth accounts - Dundee Securities managed accounts       2,167
    Third party institutional                                          5,952
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                                                                      38,762
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Dundee Bank of Canada, Bank Deposits                               7,499
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Assets under Administration                                       25,992
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Note: Our long-term mutual fund net sales, as reported to the Investment
    Funds Institute of Canada ("IFIC"), are $543 million. This amount
    includes $166.5 million relating to the merger of the diversiFunds(TM)
    line of closed end funds with certain of the Company's mutual funds.
    Closed end fund additions and redemptions are not reported by IFIC.
    

About DundeeWealth Inc.

DundeeWealth is a Canadian owned, independent wealth management company that currently oversees $72.3 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(R), 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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