Dundee Corporation
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Dundee Corporation (TSX: DBC.A) is a Toronto, Ontario based holding company which focuses on wealth management, real estate, and financial services. It owns 85% of Dundee Wealth Management Inc. and Dundee Wealth Bank, a Schedule I bank, is a wholly owned subsidiary.
Dundee Bank will partner with its existing Wealth Management Division and try to get customers to use it as a one stop shop for all there financial services needs.
Dundee Bank customers will be able to speak to their financial advisers and move money in or out of their bank accounts in a day, Reed said. The bank offers two investment savings accounts: one pays 3.85 percent and the other, for clients who already pay fees to financial advisers, pays 4.10 percent.
Dundee Bank has about C$140 million in deposits and C$90 million in residential mortgages.But it plans to eventually offer loans, personal lines of credit, credit cards and debit cards.
The bank is a unit of Dundee Wealth Management Inc., which manages or administers about C$50 billion in assets through various subsidiaries.
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