For illustration purposes only. Report prepared for Mr. Albert Client and Mrs. Louise Client

Report prepared for Mr. Albert Client and Mrs. Louise Client Prepared by Charles Q. Broker Advisor ABC Private Management Phone: 123-456-7890 E-mail: cqbroker@email.com Date: 12/30/2014

Charles Q. Broker Advisor ABC Private Management INTRODUCTION This report is based on the notion that most of a portfolio s variability over the long term can be attributed to asset allocation, not to stock picking. Based on your investor profile, we identify the optimal asset allocation that reflects your needs in terms of risk and return. So our aim here is to provide you with a solid foundation for your new investment portfolio. Page 2 of 93

TABLE OF CONTENTS Your Personal Information 5 Net Worth 6 Cash Flow 8 Your Retirement Needs - Current Plan 10 Your Retirement Needs - Proposed Plan 17 Your Education Needs - Current Plan 22 Your Education Needs - Proposed Plan 26 Your Life Insurance Needs 29 Objectives Summary 31 Joey's education INVESTOR PROFILE Results of Your Investor Profile Questionnaire 32 PROFILE BENCHMARK How We Can Improve Your Asset Mix 36 PORTFOLIO ANALYTICS Your current portfolio 37 Your new portfolio: Overall view 38 Historical Growth 39 Action Plan 40 Retirement INVESTOR PROFILE Results of Your Investor Profile Questionnaire 41 PROFILE BENCHMARK How We Can Improve Your Asset Mix 45 The Efficient Frontier 46 ASSET MIX STATISTICS A Graphical View of Asset Mix Performance 47 Assessing Your Risk: Calendar Year Overview 48 Assessing Your Risk: Rolling Period Returns 49 PORTFOLIO ANALYTICS Page 3 of 93

TABLE OF CONTENTS Your current portfolio 51 Your new portfolio: Overall view 53 Holdings Returns: Calendar Year 56 Holdings Returns vs Risk Analysis 58 Return vs Risk 60 Performance Analysis 61 Key Portfolio Risk Statistics 62 Performance Compared to Weighted Market Indexes 63 Positive Periods 64 Risk Statistics - Alpha, Beta and R-squared 65 Risk Statistics - Tracking Error, Information & Treynor Ratios 66 Historical Growth 67 Historical Growth Details 68 Return vs Risk with Portfolio Statistics 73 Correlation Matrix 74 Holding Overlap 75 Holdings best/worst performance 77 Action Plan 79 ASSET STATISTICS DISCLOSURE 92 ROLES AND RESPONSIBILITIES 93 Page 4 of 93

YOUR PERSONAL INFORMATION Client Information Family Members Address Client Spouse/Partner Title Mr. Mrs. First Name Albert Louise Last Name Client Client Language English English Gender Male Female Date of Birth/Age 06/30/1962 09/13/1964 Province of Residence Contact Information Ontario Related To Relationship First Name Last Name Date of Birth/Age Client, Albert Child Joseph Client 07/19/2003 Type Address 1 Address 2 Apt/Suite City Province Country Postal Code Primary 123 Main St Sometown Ontario Canada G8G 4B4 Associated with Type Value Client, Albert Cell Phone 555-123-4567 Client, Albert Email aclient@email.com Page 5 of 93

NET WORTH The amount by which your assets exceed your liabilities is considered your net worth. Assessing your net worth on a regular basis is valuable in determining whether you are making financial progress from year to year. A snapshot of your current net worth is provided below. Owner Value Monthly Contribution Liability Monthly Payment Net Worth Investments $1,098,976 $1,042 $0 $1,098,976 Non-reg2 Client, Albert $100,000 $100,000 Albert non-reg Client, Albert $130,723 $130,723 Albert RRSP Client, Albert $515,862 $1,000 $515,862 Albert TFSA Client, Albert $19,495 $19,495 Louise non-reg Client, Louise $129,636 $129,636 Louise RRSP Client, Louise $170,966 $170,966 Louise TFSA Client, Louise $18,294 $18,294 Joseph RESP Client, Joseph $14,000 $42 $14,000 Other Assets $550,000 $0 $263,000 $800 $287,000 Main residence Client, Albert $550,000 $263,000 $800 $287,000 Other Liabilities $32,000 ($32,000) Line of Credit Client, Louise $0 $0 Credit card balances Joint $15,000 ($15,000) Personal line of credit Joint $17,000 ($17,000) Summary $1,648,976 $295,000 $1,353,976 In the chart above, the top ten current individual assets and liabilities are displayed in descending order of value, culminating on the right with the Total Market Value, Total Net Worth and Total Liabilities values. All your assets and liabilities are listed in the details section following the chart. These items have a colour legend to the left of the name that corresponds to the items in the chart section, however only current items appear in the chart section. Page 7 of 93

CASH FLOW In this section we examine your cash flow or the difference between your income and expenses. A negative cash flow indicates that you are not generating enough income to sustain your current lifestyle. A positive cash flow indicates that you have a surplus after all your expenses are accounted for. Income $165,000 $200 $100 $0 Surplus $44,285 (000's) Expenses / Taxes $72,700 / $48,015 Owner Start End Frequency Inflow Outflow Income $165,000 Canada/Quebec Pension Plan Albert 65 Life Expectancy Yearly $12,457 Gross Employment Income Albert Now Retirement Yearly $120,000 Old Age Security Albert 67 Life Expectancy Yearly $6,618 Canada/Quebec Pension Plan Louise Retirement Life Expectancy Yearly $12,460 Gross Employment Income Louise Now Retirement Yearly $45,000 Old Age Security Louise 67 Life Expectancy Yearly $6,618 Investments $12,500 Contribution / Withdrawal -Joseph RESP Albert Now 57 Yearly $500 Contribution / Withdrawal -Albert RRSP Albert Now Retirement Yearly $12,000 Asset Expenses $9,600 In the chart above, your current income and expenses (including taxes) are represented by pie charts. The central bar chart displays a side by side summary of these items, illustrating your current net surplus or shortfall. Your income and expenses are listed in the details section following the chart. These items have a colour legend to the left of the name that corresponds to the items in the chart section, however only current items appear in the chart section. Page 8 of 93

CASH FLOW In this section we examine your cash flow or the difference between your income and expenses. A negative cash flow indicates that you are not generating enough income to sustain your current lifestyle. A positive cash flow indicates that you have a surplus after all your expenses are accounted for. Owner Start End Frequency Inflow Outflow Contribution / Withdrawal -Mortgage Albert Now Retirement Monthly $800 Other expenses $50,600 Groceries Albert Now Life Expectancy Yearly $15,000 Miscellaneous Albert Now Life Expectancy Yearly $30,000 Mortgage or rent Albert Now Retirement Yearly $5,600 In the chart above, your current income and expenses (including taxes) are represented by pie charts. The central bar chart displays a side by side summary of these items, illustrating your current net surplus or shortfall. Your income and expenses are listed in the details section following the chart. These items have a colour legend to the left of the name that corresponds to the items in the chart section, however only current items appear in the chart section. Page 9 of 93

YOUR RETIREMENT NEEDS - CURRENT PLAN Assumptions The following assumptions have been provided by you and should reflect your best estimate of your retirement needs and constraints. Client, Albert Date of Birth 06/30/1962 Gender Retirement Age 62 Life Expectancy 90 Male Current income Amount Start End Owner Gross Employment Income $120,000.00 52 Retirement Client, Albert Current Total Gross Income $120,000.00 Current Average Tax Rate 25.64% Retirement Income Goal (After-tax) $70,000.00 Retirement 71 Retirement Income Goal (After-tax) $65,000.00 71 Life Expectancy Future Income Amount Start End Owner Old Age Security $6,618.48 67 Life Expectancy Client, Albert Canada/Quebec Pension Plan $12,456.96 65 Life Expectancy Client, Albert Average Tax Rate in Retirement 0.00% * The amount of CPP/QPP displayed is the amount to receive at age 65. The system will automatically calculate and apply the % reduction or increase required based on the retirement age specified and apply this value to the Income in the Projection details table. Client, Louise Date of Birth 09/13/1964 Gender Retirement Age 64 Life Expectancy 90 Female Current income Amount Start End Owner Gross Employment Income $45,000.00 50 Retirement Client, Louise Current Total Gross Income $45,000.00 Current Average Tax Rate 15.25% Retirement Income Goal (After-tax) $30,000.00 Retirement 71 Retirement Income Goal (After-tax) $25,000.00 71 Life Expectancy Future Income Amount Start End Owner Canada/Quebec Pension Plan $12,459.96 Retirement Life Expectancy Client, Louise Old Age Security $6,618.48 67 Life Expectancy Client, Louise Average Tax Rate in Retirement 7.59% * The amount of CPP/QPP displayed is the amount to receive at age 65. The system will automatically calculate and apply the % reduction or increase required based on the retirement age specified and apply this value to the Income in the Projection details table. This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 10 of 93

YOUR RETIREMENT NEEDS - CURRENT PLAN Inflation Rate 2.50% This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 11 of 93

YOUR RETIREMENT NEEDS - CURRENT PLAN You have identified the current investments listed below as investments that will be used to fund your retirement. Investments Name Type Current total Before Retirement Return After Retirement Return Owner Albert TFSA TFSA $19,495.00 5.00% 4.00% Client, Albert Albert RRSP RRSP/RRIF $515,862.00 5.00% 3.00% Client, Albert Louise RRSP RRSP/RRIF $170,966.00 5.00% 3.00% Client, Louise Louise TFSA TFSA $18,294.00 5.00% 4.00% Client, Louise Albert non-reg Non-Registered $130,722.79 5.00% 3.00% Client, Albert Louise non-reg Non-Registered $129,636.00 5.00% 3.00% Client, Louise This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 12 of 93

YOUR RETIREMENT NEEDS - CURRENT PLAN You are not on target to achieve your goal. The estimated total value of the selected account(s) will be $1,762,903 at the time of retirement. Based on the assumptions provided, this will result in a shortfall of $985,584 at the end of the projection period. Based on this scenario, the household will experience a retirement income shortfall when Albert Client reaches 81. $2,000,000 $0 ($2,000,000) Non-Registered Investments Life Expectancy (Albert Client) 60 70 80 90 Registered Investments Retirement Year (Louise Client) Retirement Year (Albert Client) Life Expectancy (Louise Client) This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 13 of 93

YOUR RETIREMENT NEEDS - CURRENT PLAN $300,000 Annual Gross Income $200,000 $100,000 $0 70 80 90 Age of Albert Client Loans Savings & Withdrawals Gov. Benefits Pension Benefits Earned Income Other Income Shortfall Net Income Goal This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 14 of 93

YOUR RETIREMENT NEEDS - CURRENT PLAN Scenario Details Year Age (Client, Albert) Age (Client, Louise) Net Retirement Income Needs Income Return on Investments Taxes Net Cash Flow Deposits and Withdrawals Ending Balance 2014 52 50 $0 $165,000 $49,849 $41,427 $123,573 $12,000 $1,046,825 2015 53 51 $0 $169,950 $52,941 $42,839 $127,111 $12,000 $1,111,766 2016 54 52 $0 $175,049 $56,188 $44,301 $130,748 $12,000 $1,179,954 2017 55 53 $0 $180,300 $59,598 $45,813 $134,487 $12,000 $1,251,552 2018 56 54 $0 $185,709 $63,178 $47,377 $138,332 $12,000 $1,326,729 2019 57 55 $0 $191,280 $66,936 $48,995 $142,286 $12,000 $1,405,666 2020 58 56 $0 $197,019 $70,883 $50,668 $146,350 $12,000 $1,488,549 2021 59 57 $0 $202,929 $75,027 $52,400 $150,529 $12,000 $1,575,577 2022 60 58 $0 $209,017 $79,379 $54,192 $154,825 $12,000 $1,666,955 2023 61 59 $0 $215,288 $83,948 $56,045 $159,242 $12,000 $1,762,903 2024 62 60 $89,606 $60,476 $60,905 $11,814 $48,663 -$89,606 $1,734,203 2025 63 61 $91,846 $62,291 $60,509 $12,285 $50,005 -$91,846 $1,702,866 2026 64 62 $94,142 $64,159 $59,565 $17,797 $46,363 -$99,163 $1,663,268 2027 65 63 $96,496 $84,377 $58,901 $35,861 $48,517 -$100,777 $1,621,392 2028 66 64 $141,297 $36,423 $44,955 $30,074 $6,348 -$134,949 $1,531,398 2029 67 65 $144,830 $42,679 1 $42,257 $33,241 $9,438 -$135,392 $1,438,263 2030 68 66 $148,451 $43,985 1 $39,388 $33,931 $10,054 -$138,396 $1,339,254 2031 69 67 $152,162 $56,270 1 $36,602 $36,881 $19,389 -$132,772 $1,243,084 2032 70 68 $155,966 $57,986 1 $33,645 $37,721 $20,265 -$135,701 $1,141,028 2033 71 69 $151,872 $62,027 1 $30,966 $33,684 $28,343 -$123,529 $1,048,465 This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 15 of 93

YOUR RETIREMENT NEEDS - CURRENT PLAN Year Age (Client, Albert) Age (Client, Louise) Net Retirement Income Needs Income Return on Investments Taxes Net Cash Flow Deposits and Withdrawals Ending Balance 2034 72 70 $155,669 $63,905 1 $28,126 $34,442 $29,463 -$126,206 $950,385 2035 73 71 $151,162 $65,840 1 $25,370 $35,268 $30,572 -$120,591 $855,165 2036 74 72 $154,941 $67,833 1 $22,259 $42,611 $25,222 -$129,721 $747,703 2037 75 73 $158,815 $69,886 1 $18,976 $43,420 $26,467 -$132,349 $634,330 2038 76 74 $162,785 $75,857 $16,348 $20,333 $55,524 -$107,263 $543,416 2039 77 75 $166,855 $78,133 $13,758 $13,672 $64,461 -$102,395 $454,779 2040 78 76 $171,026 $80,477 $10,603 $14,085 $66,391 -$104,636 $360,746 2041 79 77 $175,302 $82,036 1 $7,009 $33,846 $48,190 -$127,113 $240,643 2042 80 78 $179,685 $77,367 1 $2,653 $49,904 $27,462 -$152,222 $91,073 2043 81 79 $184,177 $87,939 $0 $27,105 $60,834 -$123,343 -$32,270 2044 82 80 $188,781 $90,577 $0 $9,103 $81,474 -$107,307 -$139,577 2045 83 81 $193,501 $93,294 $0 $9,422 $83,873 -$109,628 -$249,205 2046 84 82 $198,338 $96,093 $0 $9,751 $86,343 -$111,996 -$361,201 2047 85 83 $203,297 $98,976 $0 $10,091 $88,885 -$114,411 -$475,612 2048 86 84 $208,379 $101,945 $0 $10,442 $91,503 -$116,876 -$592,488 2049 87 85 $213,588 $105,004 $0 $10,806 $94,198 -$119,390 -$711,878 2050 88 86 $218,928 $108,154 $0 $11,181 $96,973 -$121,955 -$833,834 2051 89 87 $224,401 $111,398 $0 $11,569 $99,829 -$124,572 -$958,406 2052 90 88 $63,892 $56,088 $0 $5,728 $50,360 -$13,532 -$971,938 2053 89 $65,489 $57,770 $0 $5,927 $51,843 -$13,646 -$985,584 1 1. Clawback was calculated on the OAS amount due to high net income. This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 16 of 93

YOUR RETIREMENT NEEDS - PROPOSED PLAN In this section we propose changes to your current plan that we feel will increase the likelihood that you will achieve your retirement income goals. The table below highlights the proposed investment strategy changes we feel are reasonable. Investment Strategy Client, Albert Current Proposed Annual contributions - RSP $12,000.00 $24,000.00 Annual contributions - non-rsp $0.00 $3,000.00 Annual rate of return - before retirement 5.00% 6.00% Annual rate of return - after retirement 3.04% 3.04% Retirement Age 62 62 Life Expectancy - Client 90 90 Retirement Income Goal (After-tax) From the age of Retirement to the age of 71 $70,000.00 $58,000.00 From the age of 71 to the age of Life Expectancy $65,000.00 $52,000.00 Client, Louise Current Proposed Annual contributions - RSP $0.00 $5,000.00 Annual contributions - non-rsp $0.00 $0.00 Annual rate of return - before retirement 5.00% 5.00% Annual rate of return - after retirement 3.04% 3.04% Retirement Age 64 64 Life Expectancy - Client 90 90 Retirement Income Goal (After-tax) From the age of Retirement to the age of 71 $30,000.00 $28,000.00 From the age of 71 to the age of Life Expectancy $25,000.00 $22,000.00 This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 17 of 93

YOUR RETIREMENT NEEDS - PROPOSED PLAN $3,000,000 $2,000,000 $1,000,000 $0 Non-Registered Investments Life Expectancy (Albert Client) 60 70 80 90 Registered Investments Retirement Year (Louise Client) Retirement Year (Albert Client) Life Expectancy (Louise Client) This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 18 of 93

YOUR RETIREMENT NEEDS - PROPOSED PLAN $300,000 Annual Gross Income $200,000 $100,000 $0 70 80 90 Age of Albert Client Loans Savings & Withdrawals Gov. Benefits Pension Benefits Earned Income Other Income Shortfall Net Income Goal This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 19 of 93

YOUR RETIREMENT NEEDS - PROPOSED PLAN Scenario Details Year Age (Client, Albert) Age (Client, Louise) Net Retirement Income Needs Income Return on Investments Taxes Net Cash Flow Deposits and Withdrawals Ending Balance 2014 52 50 $0 $165,000 $57,780 $41,979 $123,021 $32,000 $1,074,755 2015 53 51 $0 $169,950 $62,954 $43,516 $126,434 $32,000 $1,169,710 2016 54 52 $0 $175,049 $68,429 $45,111 $129,938 $32,000 $1,270,139 2017 55 53 $0 $180,300 $74,221 $46,765 $133,535 $32,000 $1,376,360 2018 56 54 $0 $185,709 $80,349 $48,481 $137,228 $32,000 $1,488,709 2019 57 55 $0 $191,280 $86,832 $50,262 $141,019 $32,000 $1,607,542 2020 58 56 $0 $197,019 $93,692 $52,109 $144,909 $32,000 $1,733,234 2021 59 57 $0 $202,929 $100,949 $54,027 $148,902 $32,000 $1,866,183 2022 60 58 $0 $209,017 $108,628 $56,017 $153,000 $32,000 $2,006,811 2023 61 59 $0 $215,288 $116,753 $58,083 $157,204 $32,000 $2,155,564 2024 62 60 $74,245 $60,476 $74,748 $11,814 $48,663 -$69,245 $2,161,067 2025 63 61 $76,101 $62,291 $75,562 $12,285 $50,005 -$71,101 $2,165,528 2026 64 62 $78,004 $64,159 $76,378 $12,776 $51,383 -$73,004 $2,168,903 2027 65 63 $79,954 $84,377 $77,696 $13,977 $70,400 -$57,352 $2,189,248 2028 66 64 $121,516 $36,423 $63,053 $14,319 $22,103 -$99,413 $2,152,888 2029 67 65 $124,554 $47,827 $62,127 $17,666 $30,160 -$94,394 $2,120,621 2030 68 66 $127,667 $49,261 $61,063 $19,687 $29,574 -$98,093 $2,083,591 2031 69 67 $130,859 $61,402 1 $60,043 $26,135 $35,268 -$95,591 $2,048,043 2032 70 68 $134,131 $63,246 1 $58,932 $26,724 $36,521 -$97,609 $2,009,365 2033 71 69 $127,892 $65,435 $58,157 $22,857 $42,578 -$85,314 $1,982,208 This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 20 of 93

YOUR RETIREMENT NEEDS - PROPOSED PLAN Year Age (Client, Albert) Age (Client, Louise) Net Retirement Income Needs Income Return on Investments Taxes Net Cash Flow Deposits and Withdrawals Ending Balance 2034 72 70 $131,089 $66,042 1 $57,064 $30,144 $35,898 -$95,191 $1,944,081 2035 73 71 $124,289 $68,753 1 $56,246 $29,391 $39,363 -$84,926 $1,915,400 2036 74 72 $127,396 $71,502 $55,162 $37,125 $34,377 -$93,019 $1,877,543 2037 75 73 $130,581 $73,647 $54,039 $36,316 $37,332 -$93,249 $1,838,332 2038 76 74 $133,846 $75,857 $52,874 $35,547 $40,310 -$93,536 $1,797,670 2039 77 75 $137,192 $78,133 $51,667 $34,745 $43,387 -$93,804 $1,755,533 2040 78 76 $140,622 $80,477 $50,416 $33,979 $46,498 -$94,124 $1,711,825 2041 79 77 $144,137 $82,891 $49,117 $33,218 $49,673 -$94,464 $1,666,478 2042 80 78 $147,741 $85,378 $47,770 $32,469 $52,908 -$94,833 $1,619,414 2043 81 79 $151,434 $87,939 $46,371 $31,723 $56,216 -$95,219 $1,570,566 2044 82 80 $155,220 $90,577 $44,890 $31,948 $58,629 -$96,592 $1,518,864 2045 83 81 $159,101 $93,294 $43,129 $38,674 $54,621 -$104,481 $1,457,513 2046 84 82 $163,078 $96,093 $41,259 $39,425 $56,669 -$106,410 $1,392,361 2047 85 83 $167,155 $98,976 $39,274 $40,209 $58,767 -$108,388 $1,323,247 2048 86 84 $171,334 $101,945 $37,170 $41,016 $60,929 -$110,405 $1,250,011 2049 87 85 $175,617 $105,004 $34,943 $41,850 $63,154 -$112,464 $1,172,490 2050 88 86 $180,008 $108,154 $32,587 $42,712 $65,442 -$114,566 $1,090,510 2051 89 87 $184,508 $111,398 $30,097 $43,602 $67,796 -$116,712 $1,003,894 2052 90 88 $56,225 $56,088 $30,602 $14,304 $41,783 -$14,442 $1,020,054 2053 89 $57,631 $57,770 $30,835 $14,498 $43,272 -$24,063 $1,026,825 1 1. Clawback was calculated on the OAS amount due to high net income. This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 21 of 93

YOUR EDUCATION NEEDS - CURRENT PLAN In this section we examine your current plan to determine if you are on target to meet your child/ children's post-secondary education related expenses General Family Information and Assumptions Primary Province/State Include applicable government grants Ontario Yes Gross Family Income $165,000.00 Greater than Net Family Income $87,123.00 Do you currently receive the Canada Child Tax Benefit? No Inflation Rate 2.50% Client, Joseph Date of Birth 07/19/2003 Gender Age expected to start post-secondary education 17 Male Estimated Yearly Tuition $6,640.00 Residence Home Estimated Room and Board $0.00 Other Costs (books, spending money, etc...) $11,000.00 of post-secondary study 4 This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 22 of 93

YOUR EDUCATION NEEDS - CURRENT PLAN You have identified the current investments listed below as investments that will be used to fund your child/children's postsecondary education. Investments Name Type Current total Expected Return Owner Joseph RESP RESP $14,000.00 5.00% Client, Joseph Client, Joseph Investments Name Type Current total Expected Return Owner Joseph RESP RESP $14,000.00 5.00% Client, Joseph You are not on target to achieve your goal. Based on the assumptions provided, Joseph Client will require savings of $78,951.69 at the time postsecondary education begins in order to meet education related expenses. Based on the current savings strategy, the estimated value of the education savings at the time this child begins post-secondary education will be $23,046.54. Projected Costs Projected Savings Shortfall $80,000 $60,000 $40,000 $20,000 $0 ($20,000) ($40,000) ($60,000) $78,952 $23,047 ($55,905) This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 23 of 93

YOUR EDUCATION NEEDS - CURRENT PLAN You have identified the current investments listed below as investments that will be used to fund your child/children's postsecondary education. Investment Projection The projection below displays the calculated change in the value of your investments year by year from now until the year you expect your child to complete his/her post-secondary studies using the assumptions you provided. Essentially, the chart visually illustrates the viability of your education savings plan. $50,000 $0 ($50,000) ($100,000) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Investment Shortfall This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 24 of 93

YOUR EDUCATION NEEDS - CURRENT PLAN You have identified the current investments listed below as investments that will be used to fund your child/children's postsecondary education. Scenario Details Client, Joseph Year Age Cost of post-secondary studies Current and future deposits Government grants Estimated Return on Investments and Grants Total amount you have saved in your child's RESP 2014 11 $0 $500 $100 $730 $15,330 2015 12 $0 $500 $100 $797 $16,727 2016 13 $0 $500 $100 $866 $18,193 2017 14 $0 $500 $100 $940 $19,732 2018 15 $0 $500 $100 $1,017 $21,349 2019 16 $0 $500 $100 $1,097 $23,047 2020 17 $20,457 -$20,457 $0 $129 $2,719 2021 18 $20,968 -$2,719 $0 $0 -$18,249 2022 19 $21,493 $0 $0 $0 -$39,742 2023 20 $22,030 $0 $0 $0 -$61,772 This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 25 of 93

YOUR EDUCATION NEEDS - PROPOSED PLAN In this section we propose changes to your current plan that we feel will increase the likehood that you will achieve your goal(s). The table below highlights our proposed investment strategy changes we feel are within your control. Client, Joseph Investment strategy changes Current Proposed Annual contributions $500.00 $7,344.96 Annual rate of return 5.00% 6.00% Results You are not on target to achieve your goal. Based on the assumptions provided, Joseph Client will require savings of $77,863.68 at the time postsecondary education begins in order to meet education related expenses. Based on the current savings strategy, the estimated value of the education savings at the time this child begins post-secondary education will be $77,863.63. Projected Costs Projected Savings Shortfall $80,000 $60,000 $40,000 $20,000 $0 ($20,000) $77,864 $77,864 $0 As illustrated above, the recommended changes will significantly improve the likelihood that you will meet your goal of saving for your child/children s post-secondary education. This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 26 of 93

YOUR EDUCATION NEEDS - PROPOSED PLAN In this section we propose changes to your current plan that we feel will increase the likehood that you will achieve your goal(s). The table below highlights our proposed investment strategy changes we feel are within your control. Investment Projection The projection below displays the calculated change in the value of your investments year by year from now until the year you expect your child to complete his/her post-secondary studies using the assumptions you provided. Essentially, the chart visually illustrates the viability of your education savings plan. $100,000 $50,000 $0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Investment As illustrated above, the recommended changes will significantly improve the likelihood that you will meet your goal of saving for your child/children s post-secondary education. This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 27 of 93

YOUR EDUCATION NEEDS - PROPOSED PLAN In this section we propose changes to your current plan that we feel will increase the likehood that you will achieve your goal(s). The table below highlights our proposed investment strategy changes we feel are within your control. Scenario Details Client, Joseph Year Age Cost of post-secondary studies Current and future deposits Government grants Estimated Return on Investments and Grants Total amount you have saved in your child's RESP 2014 11 $0 $7,345 $500 $1,311 $23,156 2015 12 $0 $7,345 $500 $1,860 $32,861 2016 13 $0 $7,345 $500 $2,442 $43,148 2017 14 $0 $7,345 $500 $3,060 $54,052 2018 15 $0 $7,345 $500 $3,714 $65,611 2019 16 $0 $7,345 $500 $4,407 $77,864 2020 17 $20,457 -$20,457 $0 $3,444 $60,851 2021 18 $20,968 -$20,968 $0 $2,393 $42,276 2022 19 $21,493 -$21,493 $0 $1,247 $22,030 2023 20 $22,030 -$22,030 $0 $0 $0 As illustrated above, the recommended changes will significantly improve the likelihood that you will meet your goal of saving for your child/children s post-secondary education. This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 28 of 93

YOUR LIFE INSURANCE NEEDS This section provides an estimate of how much life insurance you need in order to compensate for the loss of income your family would experience in the event of your death. This is: A summary of your requirements and assumptions Client, Albert Date of Birth 06/30/1962 Retirement Age 62 % of net income to be replaced 55.00% Projected yearly income increase 3.00% Expected Rate of Return on Investments 5.00% Beneficiary Tax Rate 22.50% Funeral and related expenses $0.00 Emergency fund $0.00 Liabilities $279,000.00 Special requests $0.00 Results You need an additional $446,695.74 in life insurance coverage. Total Insurance Needs $600,000 Current available assets and insurance $400,000 Additional Insurance Required $200,000 $0 $796,696 $446,696 $350,000 We have used an income replacement method to determine the amount of life insurance you need. This method assumes that the income to be replaced amount indicated above is sufficient to cover your family s ongoing expenses in the event of your death. Furthermore, the method assumes that your retirement plan is on target to meet your retirement needs. This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 29 of 93

YOUR LIFE INSURANCE NEEDS This section provides an estimate of how much life insurance you need in order to compensate for the loss of income your family would experience in the event of your death. This is: A summary of your requirements and assumptions Scenario Details Client, Albert Year Age Starting Balance (Non taxable) Net Income Replaced Additional One-time expenses Net Return on Investments Capital Withdrawal 2014 51 $796,696 $49,079 $279,000 $18,159 $309,920 2015 52 $486,776 $50,551 $0 $16,904 $33,648 2016 53 $453,128 $52,068 $0 $15,541 $36,527 2017 54 $416,601 $53,630 $0 $14,065 $39,565 2018 55 $377,036 $55,239 $0 $12,470 $42,769 2019 56 $334,267 $56,896 $0 $10,748 $46,148 2020 57 $288,119 $58,603 $0 $8,894 $49,709 2021 58 $238,410 $60,361 $0 $6,899 $53,462 2022 59 $184,949 $62,172 $0 $4,758 $57,414 2023 60 $127,535 $64,037 $0 $2,461 $61,576 2024 61 $65,958 $65,958 $0 $0 $65,958 We have used an income replacement method to determine the amount of life insurance you need. This method assumes that the income to be replaced amount indicated above is sufficient to cover your family s ongoing expenses in the event of your death. Furthermore, the method assumes that your retirement plan is on target to meet your retirement needs. This report is provided for illustration purposes only. The ability to forecast your future financial situation is impacted by a wide variety of factors many of which can change significantly over time and not all of which can be included in this calculation. You should regularly review your current financial position and future goals to improve the likelihood of achieving success. Page 30 of 93

OBJECTIVES SUMMARY This page presents a summary of your main financial objectives and how each objective relates to your global portfolio value. As each objective may have a different time horizon, we have outlined a timeline for when each objective requires liquidity. ASSESSING YOUR FINANCIAL OBJECTIVES This is: your current situation $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 Objectives Retirement Joey's education $0 2010 2015 2020 2025 Time Horizon Current Savings Joey's education 2021 $14,000.00 Joseph RESP $14,000.00 Retirement 2025 $1,084,975.79 Albert TFSA $19,495.00 Albert RRSP $515,862.00 Louise non-reg $129,636.00 Louise RRSP $170,966.00 Louise TFSA $18,294.00 Albert non-reg $130,722.79 Non-reg2 $100,000.00 CURRENT TOTAL $1,098,975.79 Page 31 of 93

OBJECTIVE: JOEY'S EDUCATION Investor Profile RESULTS OF YOUR INVESTOR PROFILE QUESTIONNAIRE Your answers to specific financial and behavioural questions help guide you to your optimal asset mix and recommended benchmark portfolio. INVESTOR PROFILE QUESTIONNAIRE - CONTINUED Your Profile : Conservative Income 1. When do you expect to need to withdraw a significant portion (1/3 or more) of the money in your investment portfolio? YOU ANSWERED : IV) 7-9 YEARS 2. Which statement best describes your knowledge of investments? YOU ANSWERED : II) I HAVE A MODERATE LEVEL OF KNOWLEDGE OF INVESTMENTS AND FINANCIAL MARKETS 3. What is your primary goal for this portfolio: YOU ANSWERED : III) I WANT TO GENERATE SOME INCOME WITH SOME OPPORTUNITY FOR THE INVESTMENTS TO GROW IN VALUE. 4. What is your annual income (from all sources)? YOU ANSWERED : IV) $75,000 - $99,999 5. Your current and future income sources are: YOU ANSWERED : II) SOMEWHAT STABLE 6. How would you classify your overall financial situation? YOU ANSWERED : III) SOME SAVINGS AND SOME DEBT 7. What is your estimated net worth (investments, cash, home and other real estate less mortgage loans and all other debts)? YOU ANSWERED : III) $100,000 - $249,999 8. This investment account represents approximately what percentage of your total savings and investments? (Total savings and investments include all the money you have in cash savings, GICs, savings bonds, mutual funds, stocks and bonds.) YOU ANSWERED : I) LESS THAN 25% 9. What is your age group? (Your age is an important consideration when constructing an investment portfolio. Younger investors may have portfolios that are primarily invested in equities to maximize potential growth if The Investor Profile Questionnaire addresses the basic issues at the heart of any sound personal investment strategy: the projected time horizon for the particular investment; the tolerance for short-term losses, or downside risk; and the nature of the returns required. The answers to these questions lead to a proposed strategic benchmark that fits your financial needs, providing a suitable balance between return and risk. Page 32 of 93

OBJECTIVE: JOEY'S EDUCATION Investor Profile RESULTS OF YOUR INVESTOR PROFILE QUESTIONNAIRE Your answers to specific financial and behavioural questions help guide you to your optimal asset mix and recommended benchmark portfolio. INVESTOR PROFILE QUESTIONNAIRE - CONTINUED they also have a higher risk tolerance and long investment time horizon. Investors who are retired or near retirement are often less able to withstand losses and may have portfolios that are invested to maximize income and capital preservation.) YOU ANSWERED : III) 55-64 10. In making financial and investment decisions you are: YOU ANSWERED : II) CONSERVATIVE BUT WILLING TO ACCEPT A SMALL AMOUNT OF RISK 11. The value of an investment portfolio will generally go up and down over time. Assuming that you have invested $10,000, how much of a decline in your investment portfolio could you tolerate in a 12 month period? YOU ANSWERED : II) -$300 (-3%) 12. When you are faced with a major financial decision, are you more concerned about the possible losses or the possible gains? YOU ANSWERED : III) USUALLY THE POSSIBLE GAINS 13. The chart below shows the greatest one year loss and the highest one year gain on four different investments of $10,000. Given the potential gain or loss in any one year, which investment would you likely invest your money in? The Investor Profile Questionnaire addresses the basic issues at the heart of any sound personal investment strategy: the projected time horizon for the particular investment; the tolerance for short-term losses, or downside risk; and the nature of the returns required. The answers to these questions lead to a proposed strategic benchmark that fits your financial needs, providing a suitable balance between return and risk. Page 33 of 93

OBJECTIVE: JOEY'S EDUCATION Benchmark HOW WE CAN IMPROVE YOUR ASSET MIX This page compares your current asset mix with that of your proposed benchmark. If necessary, a customized tactical allocation can also be proposed, once the return and risk characteristics of each asset class are taken into account. REALIGNING YOUR PORTFOLIO This is: your proposed asset allocation Current Asset Proposed Asset Allocation Allocation Equities Deviation Canadian Equity 36.08% 8.00% 28.08% U.S. Equity 17.68% 8.00% 9.68% International Equity 7.14% 8.00% -0.86% Fixed Income Canadian Fixed Income 30.98% 38.00% -7.02% Global Fixed Income 8.04% 38.00% -29.96% Cash Cash 0.08% 0.00% 0.08% This section translates your objectives into specific allocations of stocks, bonds and cash, in Canadian and global markets. The last column on the right denotes the deviation from your current portfolio asset mix. Page 36 of 93

OBJECTIVE: JOEY'S EDUCATION Portfolio Analytics YOUR CURRENT PORTFOLIO On this page you can see various overviews of your current portfolio as well as a detailled list of the investments. Selection of assets Asset Class Breakdown Canadian Equity 36.08 % Canadian Fixed Income 30.98 % U.S. Equity 17.68 % Global Fixed Income 8.04 % International Equity 7.14 % Cash 0.08 % Style Breakdown Value 60.90 % Fixed Income / Cash 39.10 % Region Breakdown Canada 66.43 % United States 26.41 % International 7.15 % Not available 0.01 % Market Capitalization Breakdown Fixed Income / Cash 39.10 % Large Cap 29.21 % Small Cap 20.27 % Mid Cap 11.42 % as of 06/30/2014 Asset Code Asset Name Category Investment (CAD) Weighting Dynamic Income Growth DYN401 Opportunities Class A Balanced $14,000.00 100.00% $14,000.00 100.00% This page displays a broad view of the current portfolio. The table in the lower section entitled Selection of assets displays the assets in order of their portfolio weighting. In the analysis section on the upper part of the page, pie charts display the various statistical components of the portfolio as a whole. These include a breakdown by asset class, by geographic region, by style (management style), and by market capitalization which is a measure of the value of a public company or the underlying public companies of a fund. Page 37 of 93

OBJECTIVE: JOEY'S EDUCATION Portfolio Analytics YOUR NEW PORTFOLIO: OVERALL VIEW On this page you can see which assets we selected to build your new portfolio and how they combine to offer you a more efficient asset allocation. A PORTFOLIO BUILT USING A MORE EFFICIENT ASSET ALLOCATION Selection of assets Asset Class Breakdown Global Fixed Income 35.00 % Canadian Equity 25.00 % International Equity 20.00 % Canadian Fixed Income 15.00 % U.S. Equity 5.00 % Style Breakdown Fixed Income / Cash 50.00 % Not available 45.00 % Value 5.00 % Region Breakdown International 45.62 % Canada 37.18 % Not available 9.39 % United States 7.81 % Market Capitalization Breakdown Fixed Income / Cash 50.00 % Large Cap 30.66 % Mid Cap 13.17 % Small Cap 6.18 % as of 06/30/2014 Asset Code Asset Name Category Investment (CAD) Weighting FID096 Fidelity Canadian Disciplined Equity Class A Canadian Equity $3,500.00 25.00% BTG771 Beutel Goodman Income Fund Class D Canadian Fixed Income $2,100.00 15.00% TML674 Templeton Global Bond Fund Series A Global Fixed Income $4,900.00 35.00% MAW102 Mawer International Equity Fund Series A International Equity $2,800.00 20.00% DYN041 Dynamic American Value Fund Series A U.S. Equity $700.00 5.00% $14,000.00 100.00% Once the asset mix is agreed upon, a new custom portfolio is built using individually selected securities. These assets are displayed in the lower 'Selection of assets' section and are in order of their portfolio weighting. In the analysis section on the upper part of the page, pie charts display the various statistical components of this new portfolio as a whole. These include a breakdown by asset class, by geographic region, by style (management style), and by market capitalization which is a measure of the value of a public company or the underlying public companies of a fund. Page 38 of 93

OBJECTIVE: JOEY'S EDUCATION Portfolio Analytics HISTORICAL GROWTH This page allows you to track the historical growth of the proposed portfolio relative to its blended benchmark. You can also compare the periodic values of the proposed portfolio to those of its blended benchmark. HISTORICAL PORTFOLIO PERFORMANCE Assumptions $22,000 $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 Initial Investment $14,000.00 Monthly Cash Flow $0.00 2Q 14 1Q 14 4Q 13 3Q 13 2Q 13 1Q 13 4Q 12 3Q 12 2Q 12 1Q 12 4Q 11 3Q 11 2Q 11 1Q 11 4Q 10 3Q 10 2Q 10 1Q 10 4Q 09 3Q 09 2Q 09 1Q 09 4Q 08 3Q 08 2Q 08 1Q 08 4Q 07 3Q 07 2Q 07 1Q 07 ACTUAL RESULTS Estimated End Date Portfolio Value 02/01/2007 to 06/30/2014 2 3 1 Annual Compound Return 1 Current $14,348.36 0.33% 2 Proposed $20,372.83 5.19% 3 Blended Benchmark $19,337.89 4.45% These statistics display the simulated performance of an investment in both the proposed portfolio and its relative blended benchmark, which is comprised of market indexes representing each specific asset in the same proportion as the proposed portfolio. They are designed to provide insight into the periodic return behaviour and the resulting end value of the proposed portfolio assets relative to the blended benchmark indexes, over a specified period. Page 39 of 93

OBJECTIVE: JOEY'S EDUCATION Portfolio Analytics ACTION PLAN This is a summary of the proposed transactions to align your portfolio with the target allocation. Before Code Name Amount Percent Action Amount Percent Joseph RESP $14,000.00 $14,000.00 DYN401 Dynamic Income Growth Opportunities Class A $14,000.00 100.00% Sell entire position $0.00 0.00% TML674 Templeton Global Bond Fund Series A $0.00 0.00% Buy $4,900.00 35.00% FID096 Fidelity Canadian Disciplined Equity Class A $0.00 0.00% Buy $3,500.00 25.00% MAW102 Mawer International Equity Fund Series A $0.00 0.00% Buy $2,800.00 20.00% BTG771 Beutel Goodman Income Fund Class D $0.00 0.00% Buy $2,100.00 15.00% DYN041 Dynamic American Value Fund Series A $0.00 0.00% Buy $700.00 5.00% After Page 40 of 93

OBJECTIVE: RETIREMENT Investor Profile RESULTS OF YOUR INVESTOR PROFILE QUESTIONNAIRE Your answers to specific financial and behavioural questions help guide you to your optimal asset mix and recommended benchmark portfolio. INVESTOR PROFILE QUESTIONNAIRE - CONTINUED Your Profile : Balanced 1. When do you expect to need to withdraw a significant portion (1/3 or more) of the money in your investment portfolio? YOU ANSWERED : V) 10 YEARS OR MORE 2. Which statement best describes your knowledge of investments? YOU ANSWERED : II) I HAVE A MODERATE LEVEL OF KNOWLEDGE OF INVESTMENTS AND FINANCIAL MARKETS 3. What is your primary goal for this portfolio: YOU ANSWERED : III) I WANT TO GENERATE SOME INCOME WITH SOME OPPORTUNITY FOR THE INVESTMENTS TO GROW IN VALUE. 4. What is your annual income (from all sources)? YOU ANSWERED : VI) $200,000 OR MORE 5. Your current and future income sources are: YOU ANSWERED : I) STABLE 6. How would you classify your overall financial situation? YOU ANSWERED : V) SIGNIFICANT SAVINGS AND LITTLE OR NO DEBT 7. What is your estimated net worth (investments, cash, home and other real estate less mortgage loans and all other debts)? YOU ANSWERED : V) $500,000 - $999,999 8. This investment account represents approximately what percentage of your total savings and investments? (Total savings and investments include all the money you have in cash savings, GICs, savings bonds, mutual funds, stocks and bonds.) YOU ANSWERED : III) 51%-75% 9. What is your age group? (Your age is an important consideration when constructing an investment portfolio. Younger investors may have portfolios that are primarily invested in equities to maximize potential growth if The Investor Profile Questionnaire addresses the basic issues at the heart of any sound personal investment strategy: the projected time horizon for the particular investment; the tolerance for short-term losses, or downside risk; and the nature of the returns required. The answers to these questions lead to a proposed strategic benchmark that fits your financial needs, providing a suitable balance between return and risk. Page 41 of 93