DundeeWealth's AUM Up 27 Per Cent

Vanessa Doctor

5 October 2010

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.