Dundee Wealth Reports September 30, 2004 Assets of $39.3 Billion.TORONTO -- 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. (DW:TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension ) reported total fee earning assets Earning Assets Any income-earning asset owned by a company. Notes: These assets are generally interest-bearing accounts, bonds, and securities available for sale. See also: Asset, Asset Valuation, Earnings, Net Interest Margin at September 30, 2004 of $39.3 billion. Redemptions include $53 million due to the rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting of an existing institutional account and $37 million from a diversiTrust closed end fund which has a once a year redemption privilege. The following is a breakdown of total assets as at September 30, 2004:
Assets Under Management and Administration
As at September 30, 2004
(in millions of $)
Assets Under Management (AUM) 13,103
Assets Under Administration (AUA) 26,173
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Total AUA & AUM 39,276
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AUM Activity:
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August 31, 2004 AUM 12,038
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September, 2004 gross sales 284
September, 2004 gross redemptions 284
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September, 2004 net sales -
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Change in market 437
Dynamic Managed Futures
Hedge Fund - disposition of management contract (12)
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12,463
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Dundee Securities managed accounts 640
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September 30, 2004 AUM 13,103
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AUM Breakdown:
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Mutual Funds 10,493
Closed end funds 447
Structured products 486
High net worth accounts - Goodman Private Wealth 647
High net worth accounts - Dundee Securities
managed accounts 640
Third party funds 390
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13,103
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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 has $39.3 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 2,825 independent financial advisors and insurance agents located in 728 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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