NexGen Financial Limited Partnership Announces February Sales and Assets
Under Management

TORONTO, March 3 /CNW/ - NexGen Financial Limited Partnership ("NexGen" or the "Partnership") today reported total mutual fund net new money during the month ended February 28, 2010 of $24 million compared to $15.4 million for the month ended January 31, 2010. Total assets under management were $547.5 million at February 28, 2010 compared to $520 million at January 31, 2010, up from $294 million at February 28, 2009.

"In raising $39.4 million of net new money in January and February, we are pleased with our RSP season," 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. To date, some 850 Advisors have invested client assets with NexGen."

                                   February 28,          February 28,
    ASSET BREAKDOWN                    2010        %         2009        %
                   MUTUAL FUNDS    $517,947,611   94.6%  $258,540,147   87.9%
                CLOSED END FUND      29,552,537    5.4%    35,435,704   12.1%
    AUM                            $547,500,148  100.0%  $293,975,851  100.0%

                    MONEY MARKET    $44,563,029    8.1%   $82,650,141   28.1%
                    FIXED INCOME    295,838,576   54.0%    69,258,931   23.6%
                          EQUITY    207,098,543   37.9%   142,066,779   48.3%
    AUM                            $547,500,148  100.0%  $293,975,851  100.0%

"Our education efforts focused on the accounting professional channel appear to be bearing fruit based on a steady stream of referrals to Advisors. Case work in support of Accountants' and Advisors' client tax planning initiatives will remain a key focus in developing distribution relationships," 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,; Laurie Munro, President, (416) 775-3705,

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