Financial Results
DundeeWealth's AUM Up 27 Per Cent
It turns out to be a good year for
DundeeWealth after the Toronto wealth manager posted $76
billion in total revenue earning fiduciary assets as of 30
September 2010.
The amount reflects a 27 per cent jump in assets under management
from 30 September 2009 to $42.6 billion. For the month alone, the
company recorded a 6 per cent rise in AUM, which includes $277
million in total mutual fund net sales. Bank deposits from Dundee
Bank of Canada figured at $6.8 billion, while assets under
administration were recorded at $26.6 billion.
Since 30 June 2010, AUM had grown 12 per cent. High net worth
accounts totaled $2.4 billion.