Dundee Wealth Reports May 2005 Assets of $42.4 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 May 31, 2005 of $42.4 billion.The following is a breakdown of total assets as at May 31, 2005:
Assets Under Management and Administration
As at May 31, 2005
(in millions of $)
Assets Under Management (AUM) 15,906
Assets Under Administration (AUA) 26,471
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Total AUM & AUA 42,377
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AUM Activity:
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April 30, 2005 AUM 14,647
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May 2005 gross additions 360
May 2005 gross redemptions 218
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May 2005 net additions 142
Change in market 257
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15,046
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Dundee Securities managed accounts 860
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May 31, 2005 AUM 15,906
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AUM Breakdown:
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Mutual Funds 12,874
Closed end funds 468
Structured products 388
High net worth accounts - Goodman Private Wealth 812
High net worth accounts - Dundee Securities managed accounts 860
Third party funds 504
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15,906
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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 provides 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 $42.4 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 2,050 independent financial advisors and 500 insurance agents located in 685 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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