Canada's Dundee Wealth Management Adds Online Banking And Private Equity To Its Range Of Services

by Philip Morton, InvestorsOffshore.com

31 May 2001

Dundee Wealth Management Inc (DWM), a Canadian wealth management company engaged in investment banking, securities brokerage, financial planning and investment advisory services, says it plans to team up with Atlanta, US-based NetBank Inc to launch an Internet bank in Canada.

DWM, which is a subsidiary of Dundee Bancorp Inc, already has a strong presence in investment products, sponsoring several families of mutual funds, and says it creates 'unique strategies for the discriminating investor.' The company says it plans to add the Internet bank to its raft of services later this year, pending regulatory approval. The bank will offer bill payment, credit cards and morgages using some NetBank trademarks.

Earlier this month, DWM announced that it was creating a private equity arm, Dundee Private Equity, as part of its strategic plan to expand into all aspects of the financial services industry. DWM serves the wealth management needs of many types of clients, including independent financial advisors, institutional investors, corporations, individual investors and foundations.

Further details are available at www.dundeewealth.com

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