From humble beginnings as an investment club in 1957, Dundee Corporation is today a globally active, publicly traded holding company, leveraging innovation, entrepreneurship, investment excellence and customer-centricity to create significant value for all stakeholders.

Ten years after their club’s founding, Ned Goodman and business partner Austin Beutel saw the opportunity to capitalize on their successful form of disciplined financial expertise. Expanding their services beyond the management of client pensions, they created an investment counsel firm and launched the first of what would become an iconic family of mutual funds. By 1977 their initial Dynamic Fund had posted the best 10-year return of any Canadian fund.

Over the following thirty years a reputation for performance paved the way for the diversification and growth of an entire family of Dynamic Funds. By the late 1990s the investment management team at what had become Goodman & Company Investment Counsel Ltd. was managing $5 billion in Dynamic fund assets.

In 1998 Dynamic transformed its core investment management business into an integrated wealth management company. Under the leadership of David Goodman, leading portfolio managers were added to the talented asset-management team, bringing with them sector expertise in precious metals, resources, real estate and income trusts.

Now with broadened capabilities, Goodman & Company was soon the centrepiece of the integrated wealth management company DundeeWealth, publicly listed on the TSX in 2000. Over a ten-year period the retail advisory division of DundeeWealth Inc. grew to 900 Financial Advisors and $30 billion in Assets Under Administration (AUA). The Dynamic Funds division experienced similar growth, with Assets Under Management (AUM) expanding from $5 billion to over $50 billion. In 2011, both the retail advisory and fund divisions were sold to Scotiabank.

In 2014 David Goodman returned to Dundee Corporation as President and CEO, restructuring the organization into two divisions: Wealth Management and Merchant Capital.

Source: Dundee Global Resource


David Goodman realigned the corporate strategy to re-create a Wealth Management firm that was independent, integrated and diversified, while also ensuring it carried the entrepreneurial ‘business family’ culture – the culture which had translated into so much past success. On the Merchant Capital side, Dundee continues its role as a growth catalyst, investing in and supporting companies from incubation through to development, operation and monetization, delivering superior long-term returns to both stakeholders and shareholders.

Source: Dundee Global Resource

Industry Focus

Mining, Energy, Real Estate and Infrastructure

Year Founded


Contact Info

1 Adelaide Street East
Suite 2100
Toronto, ON M5C 2V9


Key Personnel

Jonathan Goodman, Chairman and Chief Executive Officer
Bob Sellars, Executive Vice President and Chief Financial Officer
Richard McIntyre, Executive Vice President and Chief Operating Officer

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