Dundee Wealth Reports February 2006 Assets of $49 Billion.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Dundee Wealth Management Dundee Wealth management is a Toronto, Canada based financial services firm. The parent company of Dundee Wealth Management is Dundee Corporation. Dundee Wealth Management operates a number of different wholly-owned subsidiaries, shown in the sections below. Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DW) reported total fee earning fiduciary fiduciary (fĭd  `shēĕ'rē), in law, a person who is obliged to discharge faithfully a responsibility of trust toward another. assets at February 28, 2006 of $49 billion.The following is a breakdown of total assets as at February 28, 2006:
Assets Under Management and Administration
As at February 28, 2006
(in millions of $)
Assets Under Management (AUM) 20,519
Assets Under Administration (AUA) 28,447
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Total AUM & AUA 48,966
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AUM Activity:
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January 31, 2006 AUM 19,499
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February, 2006 gross additions 728
February, 2006 gross redemptions 482
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February, 2006 net additions 246
Change in market (421)
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19,324
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Dundee Securities managed accounts 1,195
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February 28, 2006 AUM 20,519
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AUM Breakdown:
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Mutual funds 16,518
Closed end funds 563
Structured products 646
High net worth accounts - Goodman Private Wealth 1,209
High net worth assets in other categories (234)
High net worth accounts - Dundee Securities
managed accounts 1,195
Third party funds 622
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20,519
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Please note that AUA figures are estimates only
Dundee Wealth is a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. owned, TSX listed wealth management company that creates innovative asset management and alternative investment products as well as providing investment management, securities brokerage, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to individuals, financial advisors, institutions, corporations and foundations. Dundee Wealth oversees $49 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and administration and 1,893 independent financial advisors and 461 insurance agents located in 646 branches across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . Dundee Wealth Management Inc. (TSX:DW) |
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