DundeeWealth(TM) reports August 2009 fee earning assets of $62.5 billion, $218 million in net sales and $726 million increase in AUM



    TORONTO, Sept. 2 /CNW/ - DundeeWealth Inc. ("DundeeWealth" or the
"Company") (TSX: DW) reported total revenue earning fiduciary assets at August
31, 2009 of $62.5 billion. This includes $31.8 billion in assets under
management ("AUM"), $6.6 billion in Bank Deposits from Dundee Bank of Canada
and $24.1 billion in assets under administration ("AUA").
    Growth of 2.3% in AUM for the month includes Investment division market
appreciation of $464 million, long-term mutual fund net sales of $233 million
and short-term mutual fund net redemptions of $17 million.


    
    Assets Under Management and Administration
    As at August 31, 2009

    (in millions of $)

    -------------------------------------------------------------------------
    Total AUA and AUM, including Bank Deposits                        62,491
    -------------------------------------------------------------------------

    AUM Activity, excluding Bank Deposits:
    --------------------------------------
    AUM at beginning of period                                        29,248
    -------------------------------------------------------------------------
    Gross additions                                                      485
    Gross redemptions                                                    267
    -------------------------------------------------------------------------
    Net additions                                                        218
    Change in market                                                     464
    -------------------------------------------------------------------------
                                                                      29,930
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Dundee Securities managed accounts                                 1,846
    -------------------------------------------------------------------------
    August 31, 2009 AUM                                               31,776
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    AUM Breakdown:
    --------------
    Mutual funds                                                      22,620
    Closed end funds                                                     339
    Structured investment solutions                                      306
    High net worth accounts - Goodman Private Wealth                   1,554
    High net worth assets in other categories                           (333)
    High net worth accounts - Dundee Securities managed accounts       1,846
    Third party institutional                                          5,444
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                                                                      31,776
    -------------------------------------------------------------------------
    Dundee Bank of Canada, Bank Deposits                               6,562
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Assets under Administration                                       24,153
    -------------------------------------------------------------------------
    

    About DundeeWealth Inc.

    DundeeWealth is a Canadian owned, independent wealth management company
that oversees $62.5 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).





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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