NexGen Financial Limited Partnership Announces January Sales and Assets Under
Management

TORONTO, Feb. 4 /CNW/ - NexGen Financial Limited Partnership ("NexGen" or the "Partnership") today reported total mutual fund net new money during the month ended January 31, 2010 of $15.4 million compared to $23 million for the month ended December 31, 2009. Total assets under management were $520 million at January 31, 2010 compared to $506 million at December 31, 2009, up from $286 million at January 31, 2009.

"While we have a Fund line up that is very innovative, our sales and marketing approach is very traditional," said Laurie Munro, President of NexGen. "We know our Funds are adding value and accordingly we are focused on taking our message to more Advisors. Over the next two quarters management will concentrate on building the necessary sales and marketing resources to target and support the growing number of Advisors selling our Funds."

    
    -------------------------------------------------------------------------
                                    January 31,           January 31,
    ASSET BREAKDOWN                    2010        %         2009        %
    -------------------------------------------------------------------------
    FUNDS
                    MUTUAL FUNDS   $490,575,178   94.2%  $248,372,656   86.7%
                CLOSED END FUNDS     29,826,817    5.8%    38,139,845   13.3%
                                  -------------------------------------------
    AUM                            $520,401,995  100.0%  $286,512,501  100.0%
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    ASSET CATEGORY
                    MONEY MARKET    $45,876,401    8.8%   $82,866,996   28.9%
                    FIXED INCOME    278,420,254   53.5%    59,132,206   20.6%
                          EQUITY    196,105,340   37.7%   144,513,299   50.5%
                                  -------------------------------------------
    AUM                            $520,401,995  100.0%  $286,512,501  100.0%
    -------------------------------------------------------------------------
    

"Over the next two or three quarters we will also be focused on the ongoing strengthening of our Fund and investment management line up, the introduction of a low load sales option and lastly, we will continue to broaden awareness in the accounting professional channel of NexGen's patent-pending structure," said Jim Hunter, NexGen's CEO.

NexGen Financial Limited Partnership is one of Canada's fastest growing independent financial services firms and was founded to develop value added investment solutions for financial advisors and their clients. The firm is focused on the creation of innovative investment products and services that meet the needs of Canadians seeking more tax efficient investment opportunities and greater control over the tax treatment of their investments. Managed by strong investment professionals, NexGen's unique Registered and Tax-Managed Fund offerings are well positioned as attractive investment opportunities for Canadians looking to alleviate the tax costs associated with traditional investment solutions.

Cautionary Statement on Forward Looking Information

This press release may include forward looking statements within the meaning of securities laws. Forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from what is currently expected. Accordingly, readers should not place undue reliance on forward looking statements.

SOURCE NexGen Financial Limited Partnership

For further information: For further information: James L Hunter, CEO, (416) 775-3701, jhunter@nexgenfinancial.ca; Laurie Munro, President, (416) 775-3705, lmunro@nexgenfinancial.ca

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NexGen Financial Limited Partnership

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