NexGen Financial Limited Partnership Announces March Sales and Assets Under
Management

TORONTO, April 15 /CNW/ - NexGen Financial Limited Partnership ("NexGen" or the "Partnership") today reported total mutual fund net new money during the month ended March 31, 2010 of $20.7 million compared to $24 million for the month ended February 28, 2010. Total assets under management were $570.1 million at March 31, 2010 compared to $547.5 million at February 28, 2010, up from $305 million at March 31, 2009.

"In raising $60.1 million of net new money in Q1, we are pleased with our start to the year", said Laurie Munro, President of NexGen. "We continue to attract above average account sizes due to the tax efficiency of our Funds".

    
    -------------------------------------------------------------------------
                                  March 31,               March 31,
    ASSET BREAKDOWN                 2010        %           2009        %
    -------------------------------------------------------------------------
    FUNDS
                MUTUAL FUNDS   $540,902,398    94.9%   $270,205,043    88.5%
             CLOSED END FUND     29,154,207     5.1%     34,980,618    11.5%
                              -----------------------------------------------
    AUM                        $570,056,605   100.0%   $305,185,661   100.0%
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    ASSET CATEGORY
                MONEY MARKET    $43,606,698     7.6%    $78,260,188    25.6%
                FIXED INCOME    309,364,420    54.3%     80,597,729    26.4%
                      EQUITY    217,085,487    38.1%    146,327,744    48.0%
                              -----------------------------------------------
    AUM                        $570,056,605   100.0%   $305,185,661   100.0%
    -------------------------------------------------------------------------
    

Jim Hunter, NexGen's CEO, added, "We remain encouraged by the number of in-bound referrals we are receiving from accounting firms across the country. Word is spreading about our better mousetrap and the benefits to both individual investors and corporate accounts".

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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