Rockwater Capital announces today it has completed the sale of Rockwater Asset Management Inc. (RAM) certain RAM private client assets to Barometer Capital Management Inc., a recently formed entity owned by the principals of the Disciplined Leadership Group division of RAM.

As at September 2006, RAM, which has been renamed Barometer Capital Inc., provided portfolio advice on approximately $940 million in assets for mutual fund and wrap accounts, private client portfolios and institutional investors under the Disciplined Leadership Group brand. Of these assets, approximately $560 million in mutual fund and wrap account assets will remain within the Rockwater group of companies.

As part of the agreement, Barometer Capital Inc. will provide portfolio advice to the Disciplined Leadership Funds for Lakeview Asset Management Inc., Rockwater’s newly launched mutual fund platform.

These funds currently have approximately $460 million in assets and Barometer Capital Inc. will act as portfolio advisor for them on an exclusive basis for a period of five years. Barometer Capital Inc. will also provide investment advisory services for the assets under the in-house wrap program of Rockwater’s wholly owned, full-service investment dealer, Blackmont Capital Inc., on a non-exclusive basis.

“This agreement extends our long-standing partnership with the highly experienced Barometer Capital Inc. team and enables us to secure them as portfolio advisors of the Disciplined Leadership Funds, which ensures exclusivity and stability for our clients and advisors,” said Bill Packham, president and CEO of Rockwater.