Toronto-based Dundee Wealth Management Inc. says Cartier Capital Limited Partnership, controlling shareholder of Cartier Partners Financial Group Inc., has deposited all its Cartier common shares under Dundee Wealth’s previously announced take-over bid. Cartier Capital’s shares represent about 69% of all outstanding Cartier Partners common stock.

Dundee announced its offer to buy London, Ont.-based Cartier Nov. 11, for $123.4 million, plus $90 million in assumed debt. The bid expires Dec. 30, 2003.

Dundee Wealth has retained Dundee Securities Corp. in Canada and Dundee Securities Inc. in the U.S. as dealer-managers to form and manage a dealer group to solicit acceptances of the Dundee Wealth offer by Cartier shareholders.

Assuming the bid succeeds, Dundee Wealth will become the largest independent financial advisory force in Canada with more than $36 billion in assets under management and administration and about 3,800 independent financial and insurance advisors. Dundee Wealth is an 84%-owned subsidiary of Dundee Bancorp Inc.