TORONTO, ONTARIO–(EMWNews – Aug. 5, 2008) – DundeeWealth Inc. (TSX:DW) reported total revenue earning fiduciary assets at July 31, 2008 of $65.6 billion.

Assets Under Management and Administration
As at July 31, 2008
(in millions of $)

Assets Under Management (AUM)                                       34,860
Assets Under Administration (AUA)                                   30,739
---------------------------------------------------------------------------
Total AUM and AUA                                                   65,599
---------------------------------------------------------------------------
---------------------------------------------------------------------------

AUM Activity:
-------------
AUM at beginning of period                                          29,615
---------------------------------------------------------------------------
Gross additions                                                      1,185
Gross redemptions                                                      456
---------------------------------------------------------------------------
Net additions                                                          729
Acquisitions                                                         4,643
Change in market                                                    (1,941)
---------------------------------------------------------------------------
                                                                    33,046
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Dundee Securities managed accounts                                   1,814
---------------------------------------------------------------------------
July 31, 2008 AUM                                                   34,860
---------------------------------------------------------------------------
---------------------------------------------------------------------------

AUM Breakdown:
--------------
Mutual funds                                                        24,996
Closed end funds                                                       483
Structured investment solutions                                        531
High net worth accounts - Goodman Private Wealth                     1,762
High net worth assets in other categories                             (395)
High net worth accounts - Dundee Securities managed accounts         1,814
Third party institutional                                            5,669
---------------------------------------------------------------------------
                                                                    34,860
---------------------------------------------------------------------------
---------------------------------------------------------------------------
(i) Included in acquisitions is $4.6 billion of predominantly institutional
    accounts that were purchased as part of our recent acquisition of Aurion
    Capital Management Inc. and BHR Fund Advisors, LLP.

DundeeWealth is a Canadian owned, independent wealth management company that oversees $65.6 billion in assets under management and administration. It provides diversified wealth management and investment solutions including alternative and tax-advantaged products, capital markets and advisory services to financial advisors, institutions, corporations and foundations, and innovative wealth management through independent financial advisors across Canada. Its award winning investment brand, Dynamic Funds, managed by Goodman & Company, Investment Counsel Ltd., is also available outside of Canada through distribution platforms in Europe and the United States. DundeeWealth is listed on the Toronto Stock Exchange (TSX:DW).