Dundee Wealth Reports June 30, 2004 Assets of $40.1 Billion.

TORONTO -- Dundee Dundee, city (1991 pop. 172,294) and council area, E central Scotland, on the Firth of Tay. It is a port and manufacturing city. Dundee is historically known for its manufacture and processing of jute. Its marmalade is also famous. Textiles, including canvas, linen, rope, and carpet, remain economically important. Some light engineering has additionally developed. Wealth Management Inc. (TSX:DW) reported total fee earning assets at June 30, 2004 of $40.1 billion, essentially unchanged from total assets at May 31, 2004.

The following is a breakdown of total assets as at June 30, 2004:

As at June, 2004
(in millions of $)

Assets Under Management (AUM)                                 12,481
Assets Under Administration (AUA)                             27,665
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Total AUA & AUM                                               40,146
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AUM Activity:
May 31, 2004 AUM                                              11,773
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June, 2004 gross sales                                           216
June, 2004 gross redemptions                                    (150)
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June, 2004 net sales                                              66
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Change in market                                                  65
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                                                              11,904
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Dundee Securities managed accounts                               577
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June 30, 2004 AUM                                             12,481
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AUM Breakdown:
Mutual Funds                                                  10,027
Closed end funds                                                 457
Structured products                                              485
High net worth accounts - Goodman Private Wealth                 623
High net worth accounts - Dundee Securities managed accounts     577
Third party funds                                                312
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                                                              12,481
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Dundee Wealth is a Canadian owned, TSX listed wealth management company that provides investment management, securities brokerage, financial planning and investment advisory services to individuals, financial advisors, institutions, corporations and foundations. Dundee Wealth has $40.1 billion in assets under management and administration and approximately 3,000 independent financial and insurance advisors located in 750 branches across Canada.

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Publication:	Business Wire
Geographic Code:	1CANA
Date:	Jul 5, 2004
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