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Thank you to Our Sponsors

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Thank you to Our Speakers

PMAC 2011 AGM

1.

• 1. To approve the Minutes of the 2010 AGM

To approve the Minutes of the 2010 AGM

2.

• 2. To approve the Financial Statements of the Association

To approve the Financial Statements of the Association for the fiscal year ended June 30, 2011. for the fiscal year ended June 30, 2011.

3.

• 3. To appoint the Association

To appoint the Association’ ’s auditors for the year ended s auditors for the year ended June 30, 2012. June 30, 2012.

4.

• 4. To elect Directors of the Association.

To elect Directors of the Association.

5.

• 5. To receive the Chairman

To receive the Chairman’ ’s Report. s Report.

6.

• 6. To consider any other business.

To consider any other business.

4

PMAC 2011 AGM

1.

• 1. To approve the Minutes of the 2010 AGM

To approve the Minutes of the 2010 AGM

2.

• 2. To approve the Financial Statements of the Association

To approve the Financial Statements of the Association for the fiscal year ended June 30, 2011. for the fiscal year ended June 30, 2011.

3.

• 3. To appoint the Association

To appoint the Association’ ’s auditors for the year ended s auditors for the year ended June 30, 2012. June 30, 2012.

4.

• 4. To elect Directors of the Association.

To elect Directors of the Association.

5.

• 5. To receive the Chairman

To receive the Chairman’ ’s Report. s Report.

6.

• 6. To consider any other business.

To consider any other business.

5

PMAC 2011 AGM

Treasurer Treasurer’ ’s Report s Report – – Financial Results 10/11 Financial Results 10/11

• Revenue

Revenue

• 22% (over 09/10)

22% (over 09/10)

• Main increase in revenue:

Main increase in revenue:

• New Member Growth (18)

New Member Growth (18)

• Seminar/Event Income (

Seminar/Event Income ( 95%) 95%)

• Sponsorship Income (

Sponsorship Income ( 47%) 47%)

• Annual Conference Fees (

Annual Conference Fees ( 29%) 29%)

6

PMAC 2011 AGM

Treasurer Treasurer’ ’s Report s Report – – Financial Results 10/11 Financial Results 10/11

• Expenses

Expenses

14% 14%

• Association Rebranding Largest

Association Rebranding Largest Component ($63K) Component ($63K)

7

PMAC 2011 AGM

Treasurer Treasurer’ ’s Report s Report – – Financial Results 10/11 Financial Results 10/11

• Statement of Changes in Fund Balances

Statement of Changes in Fund Balances

• From $100K to $171K

From $100K to $171K

• Excess of Revenue over Expenses $71k

Excess of Revenue over Expenses $71k

• Concluding Remarks:

Concluding Remarks:

• Despite continued challenging times in the industry, the

Despite continued challenging times in the industry, the Association has continued to enjoy growth Association has continued to enjoy growth

• Board working on continued increase in membership to strengthen

Board working on continued increase in membership to strengthen capital reserve and support service expansion capital reserve and support service expansion

8

PMAC 2011 AGM

1. 1.

To approve the Minutes of the 2010 AGM To approve the Minutes of the 2010 AGM

2. 2.

To approve the Financial Statements of the Association To approve the Financial Statements of the Association for the fiscal year ended June 30, 2011. for the fiscal year ended June 30, 2011.

3. 3.

To appoint the Association To appoint the Association’ ’s auditors for the year ended s auditors for the year ended June 30, 2012. June 30, 2012.

4. 4.

To elect Directors of the Association. To elect Directors of the Association.

5. 5.

To receive the Chairman To receive the Chairman’ ’s Report. s Report.

6. 6.

To consider any other business To consider any other business

9

PMAC 2011 AGM

1. 1.

To approve the Minutes of the 2010 AGM To approve the Minutes of the 2010 AGM

2. 2.

To approve the Financial Statements of the Association To approve the Financial Statements of the Association for the fiscal year ended June 30, 2011. for the fiscal year ended June 30, 2011.

3. 3.

To appoint the Association To appoint the Association’ ’s auditors for the year ended s auditors for the year ended June 30, 2012. June 30, 2012.

4. 4.

To elect Directors of the Association. To elect Directors of the Association.

5. 5.

To receive the Chairman To receive the Chairman’ ’s Report. s Report.

6. 6.

To consider any other business To consider any other business

10

PMAC 2011 AGM

1. 1.

To approve the Minutes of the 2010 AGM To approve the Minutes of the 2010 AGM

2. 2.

To approve the Financial Statements of the Association To approve the Financial Statements of the Association for the fiscal year ended June 30, 2011. for the fiscal year ended June 30, 2011.

3. 3.

To appoint the Association To appoint the Association’ ’s auditors for the year ended s auditors for the year ended June 30, 2012. June 30, 2012.

4. 4.

To elect Directors of the Association. To elect Directors of the Association.

5. 5.

To receive the Chairman To receive the Chairman’ ’s Report. s Report.

6. 6.

To consider any other business To consider any other business

11

Election of Directors

Nominating Committee Report 2011: Nominating Committee Report 2011: Proposed New Directors: Proposed New Directors:

Michael Michael Mezei Mezei -

• Director & President

Director & President

(3 year term) (3 year term)

Mawer Investment Management Mawer Investment Management Mark Pratt Mark Pratt

• Vice President

Vice President

(3 year term) (3 year term)

Legal, Mackenzie Investments Legal, Mackenzie Investments John John Pitfield Pitfield -

• Vice

Vice-

• President

President

(2 year term) (2 year term) -

• Director and Shareholder

Director and Shareholder Jones Collombin Investment Counsel Jones Collombin Investment Counsel

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Election of Directors

Nominating Committee Report 2011: Nominating Committee Report 2011: Proposed Directors Proposed Directors -

• Re

Re-

• election

election

Jacqui Allard Jacqui Allard -

• Global Chief Operating Officer, Manulife Asset Management &

Global Chief Operating Officer, Manulife Asset Management & President of Manulife Asset Management Canada ( President of Manulife Asset Management Canada (3 year term) 3 year term) Don Barber Don Barber -

• Chief Operating Officer, Evans Investment Counsel (2 year term)

Chief Operating Officer, Evans Investment Counsel (2 year term) Nathalie Bouchard Nathalie Bouchard -

• VP Compliance & Operational Risk,

VP Compliance & Operational Risk, Natcan Natcan Investment Investment Management Inc. (2 year term) Management Inc. (2 year term) Bob Hill Bob Hill -

• Managing Director & President,

Managing Director & President, Coleford Coleford Investment Management Ltd. Investment Management Ltd. (3 year term) (3 year term) Tom Johnston Tom Johnston -

• Chief Operating Officer,

Chief Operating Officer, UBS Global Asset Management (Canada) UBS Global Asset Management (Canada) (3 year term) (3 year term)

These 8 nominees are proposed as the slate of Directors to be These 8 nominees are proposed as the slate of Directors to be elected. elected.

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Departing Directors & Chairs

Thank You to Departing Director, Past Thank You to Departing Director, Past Chair: Chair:

• Barb Lockhart

Barb Lockhart

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Departing Directors & Chairs

Thank You to Departing Director Thank You to Departing Director

• Rob Badun

Rob Badun

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Departing Directors & Chairs

Thank You to Departing Director, Past Thank You to Departing Director, Past Chair: Chair:

• Andrew Parkinson

Andrew Parkinson

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Departing Directors & Chairs

Thank You to Departing Committee Thank You to Departing Committee Chairs: Chairs:

• Jacqui Allard

Jacqui Allard, AGM Committee , AGM Committee

• Doug Ball,

Doug Ball, Compliance Officers Compliance Officers’ ’ Network Network

• Denys Calvin,

Denys Calvin, Operation Heads Operation Heads’ ’ Network Network

• Mark Pratt,

Mark Pratt, Industry Regulation & Tax Industry Regulation & Tax

• Valli Chettiar

Valli Chettiar, Investment & Corporate , Investment & Corporate Governance Committee Governance Committee

17

PMAC 2011 AGM

1. 1.

To approve the Minutes of the 2010 AGM To approve the Minutes of the 2010 AGM

2. 2.

To approve the Financial Statements of the Association To approve the Financial Statements of the Association for the fiscal year ended June 30, 2011. for the fiscal year ended June 30, 2011.

3. 3.

To appoint the Association To appoint the Association’ ’s auditors for the year ended s auditors for the year ended June 30, 2012. June 30, 2012.

4. 4.

To elect Directors of the Association. To elect Directors of the Association.

5. 5.

To receive the Chairman To receive the Chairman’ ’s Report. s Report.

6. 6.

To consider any other business To consider any other business

18

PMAC 2011 AGM

Chairman Chairman’ ’s Report s Report

19

PMAC Chairman’s Report

Highlights of 2010/11 PMAC Significant Highlights of 2010/11 PMAC Significant Activity Activity

• Membership Survey

Membership Survey

• Rebranding

Rebranding

• Services/Activities

Services/Activities

• Advocacy

Advocacy

• Growth

Growth

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PMAC Chairman’s Report

Membership Satisfaction Survey Membership Satisfaction Survey June 2011 June 2011

• 117 complete responses vs. 100 in 2009; 82 firms

117 complete responses vs. 100 in 2009; 82 firms responded; participation rate of 56%; responded; participation rate of 56%;

• 88% of respondents indicated they were satisfied

88% of respondents indicated they were satisfied (46%) or very satisfied (42%) with PMAC; 1 (46%) or very satisfied (42%) with PMAC; 1 dissatisfied; balance of respondents dissatisfied; balance of respondents neutrel neutrel

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PMAC Chairman’s Report

Top 5 Activities Important to Members: Top 5 Activities Important to Members:

1. 1. Association Keeping Me Current on Industry Association Keeping Me Current on Industry Issues Issues 2. 2. Seminars/Information Sessions Seminars/Information Sessions 3. 3. Government Advocacy/Lobbying Government Advocacy/Lobbying 4. 4. e e-

• Bulletins/Information e

Bulletins/Information e-

• mails

mails 5. 5. Templates Templates

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PMAC Chairman’s Report

Rebranding Rebranding

• New Name Launched November 2010

New Name Launched November 2010

• Mission/Mandate

Mission/Mandate -

• Unchanged

Unchanged

• “

“Advancing Standards Advancing Standards” ”

• New Logo

New Logo

• New Website

New Website – – June 2010 June 2010

• Improved Format for Member Profiles

Improved Format for Member Profiles

• Sample Policies/Templates in Member Tools

Sample Policies/Templates in Member Tools Section Section

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PMAC Chairman’s Report

Services/Activities Services/Activities 2010/11 2010/11

• CEO/President Networking Dinner (November &

CEO/President Networking Dinner (November & April) April)

• Compliance Network

Compliance Network – – Continued to grow in Continued to grow in participation (5 meetings/year/3 cities) participation (5 meetings/year/3 cities) Topics & Guest Speakers Topics & Guest Speakers

• OSC Update/EMD Registration

OSC Update/EMD Registration -

• Elizabeth King & Carlin Fung

Elizabeth King & Carlin Fung

• FACTA

FACTA -

• Jillian Nicolson, Ernst & Young

Jillian Nicolson, Ernst & Young

• BCSC

BCSC -

• Michael

Michael Sorbo Sorbo/Janice Leung /Janice Leung – –Compliance & Marketing Compliance & Marketing Update Update

• International Rules

International Rules – – Trade Matching Requirements Trade Matching Requirements -

• Omgeo

Omgeo

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PMAC Chairman’s Report

Services/Activities 2010/11 Services/Activities 2010/11

• New Part Time Legal Counsel Added to PMAC Staff Team

New Part Time Legal Counsel Added to PMAC Staff Team

• Julie

Julie Cordeiro Cordeiro

• 14 events/seminars during year (highlights)

14 events/seminars during year (highlights)

• NI 31

NI 31-

• 103 Registration Requirements

103 Registration Requirements -

• (Fasken Martineau) 2 CEO

(Fasken Martineau) 2 CEO Dinners (Succession Planning & Dinners (Succession Planning & Mckinsey Mckinsey) )

• IFRS (PWC)

IFRS (PWC)

• From RFP to Success

From RFP to Success – – Working with Consultants Working with Consultants

• Power of Attorney & Fiduciary Duty When Dealing with Elderly

Power of Attorney & Fiduciary Duty When Dealing with Elderly Clients Clients

• Starting A Pooled Fund (TD Waterhouse)

Starting A Pooled Fund (TD Waterhouse)

• Mutual Fund/Point of Sale Regime (Fasken Martineau)

Mutual Fund/Point of Sale Regime (Fasken Martineau)

• GIPS (Ashland Partners)

GIPS (Ashland Partners)

25

PMAC Chairman’s Report

Services/Activities 2010/11 Services/Activities 2010/11

• Updated & New Templates/Guidelines

Updated & New Templates/Guidelines

• Updated Soft Dollar Reference Guide (2011)

Updated Soft Dollar Reference Guide (2011)

• New PMAC Sample Gifts & Entertainment Policy

New PMAC Sample Gifts & Entertainment Policy

• Updated Policies & Procedures Reference Guide

Updated Policies & Procedures Reference Guide (2010) (2010)

• Socially Responsible Investing Guidelines

Socially Responsible Investing Guidelines

• 2011 PMAC Compensation Survey released

2011 PMAC Compensation Survey released November 15/11 November 15/11

26

PMAC Chairman’s Report

Advocacy 2010/11 Advocacy 2010/11

Federal Federal – –Continued to retain Ottawa lobby firm Continued to retain Ottawa lobby firm Prospectus to assist in Federal lobbying activity Prospectus to assist in Federal lobbying activity

• GST/HST Issue

GST/HST Issue

• Ongoing Issues discussed in meetings:

Ongoing Issues discussed in meetings:

• Pooled Registered Pension Plans (PRPPs)

Pooled Registered Pension Plans (PRPPs)

• Expanded Designated Stock Exchange

Expanded Designated Stock Exchange

• Lowering of 150 Unit Holder Rule for Mutual

Lowering of 150 Unit Holder Rule for Mutual Fund Trust Status Fund Trust Status

• National Regulator

National Regulator

• Several meetings MPs,

Several meetings MPs, Dept. of Finance and

• Dept. of Finance and

Minister of Finance, Parliamentary Secretary, etc.. Minister of Finance, Parliamentary Secretary, etc..

27

PMAC Chairman’s Report

Advocacy 2010/11 Advocacy 2010/11

Provincial Provincial

• BCSC NI 45

BCSC NI 45-

• 106F6 Comment Letter (Nov/10)

106F6 Comment Letter (Nov/10)

• Consultation Paper 23

Consultation Paper 23-

• 405 Dark Liquidity

405 Dark Liquidity (Jan/11) (Jan/11)

• Response to CSA Notice 31

Response to CSA Notice 31-

• 320 on

320 on Proposed Amendments to NI 31 Proposed Amendments to NI 31-

• 103

103 (Registration of International and Certain (Registration of International and Certain Domestic Domestic IFMs IFMs) )

28

PMAC Chairman’s Report

Advocacy 2010/11 Advocacy 2010/11

Provincial Provincial

• Response to Consultation Paper 91

Response to Consultation Paper 91-

• 401 on OTC

401 on OTC Derivatives Regulation in Canada Derivatives Regulation in Canada

• Response to Consultation Process: Framework for

Response to Consultation Process: Framework for Pooled Registered Pension Plans (PRPPs) Pooled Registered Pension Plans (PRPPs)

• PMAC Proposed Dispute Resolution Regime

PMAC Proposed Dispute Resolution Regime – – Submission Submission

• Proposed NI 23

Proposed NI 23-

• 103 Electronic Trading & Direct

103 Electronic Trading & Direct Electronic Access to Marketplaces Electronic Access to Marketplaces

• Go to government submissions section of website

Go to government submissions section of website

29

PMAC Chairman’s Report

Advocacy 2010/11 Advocacy 2010/11

International International

• Continued Membership CIFA

Continued Membership CIFA

• European based association with

European based association with consultative status with the United Nations consultative status with the United Nations Economic Council Economic Council

• Association of financial advisors who

Association of financial advisors who advocate effective regulation in the best advocate effective regulation in the best interests of investors interests of investors

30

PMAC Chairman’s Report

• Growth 2010/11

Growth 2010/11

• Membership

Membership – – 18 new/Revenue Growth 18 new/Revenue Growth 22% 22%

• Bringing total to 150+

Bringing total to 150+

• Expansion of Affiliate Members

Expansion of Affiliate Members

• Expanded Sponsorship Support

Expanded Sponsorship Support

31

PMAC Chairman’s Report

• Many thanks to our Committees & Current Chairs

Many thanks to our Committees & Current Chairs

• AGM Committee

AGM Committee

• Branding Committee

Branding Committee – – David Kilburn, McLean Budden David Kilburn, McLean Budden

• Compliance Officers' Network

Compliance Officers' Network-

• Debbie Foubert

Debbie Foubert – – TDAM TDAM

• Member Services

Member Services – – Andrew Martyn, Falcon Asset Mgt. Andrew Martyn, Falcon Asset Mgt.

• Operation Heads

Operation Heads’ ’ Network Network -

• Paul

Paul Spagnolo Spagnolo-

• Thornmark

Thornmark Asset Mgt Asset Mgt

• Investment & Corporate Governance

Investment & Corporate Governance – – Supriya Kapoor Supriya Kapoor – – Canoe Financial Canoe Financial

• Industry, Reg. & Tax

Industry, Reg. & Tax – – Scott Scott Mahaffy Mahaffy – – McLean Budden McLean Budden

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PMAC 2011 AGM

Chairman Chairman’ ’s Report s Report

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PMAC 2011 AGM

Incoming Chair Incoming Chair Outlook 2011/12 Outlook 2011/12

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Departing Chair

Thank You to Departing Chair: Thank You to Departing Chair: Bob Hill Bob Hill Coleford Coleford Investment Management Investment Management

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Incoming Chairman’s Report

PMAC Board Plan 2011/12 PMAC Board Plan 2011/12

• Long Range Planning Meeting December

Long Range Planning Meeting December

• Launch PMAC/ADR Institute Dispute

Launch PMAC/ADR Institute Dispute Resolution Service (End of November) Resolution Service (End of November)

• Review/Update Templates:

Review/Update Templates:

• PMAC Investment Policy Statement

PMAC Investment Policy Statement

• 2009 Conflict of Interest

2009 Conflict of Interest -

• General Disclosure

General Disclosure Template Template

• 2009 Personal Trading Practice Guidelines

2009 Personal Trading Practice Guidelines

• 2009 PMAC Principles of Corporate Governance

2009 PMAC Principles of Corporate Governance

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Incoming Chairman’s Report

PMAC Board Plan 2011/12 PMAC Board Plan 2011/12

• More Seminars/Webinars

More Seminars/Webinars

• Compliance Benchmarking Survey (2012)

Compliance Benchmarking Survey (2012)

• French Translation Website

French Translation Website

• Brand Awareness Expansion (Member

Brand Awareness Expansion (Member Certificates; Media Relations) Certificates; Media Relations)

• Government Advocacy

Government Advocacy – – Federal & Provincial Federal & Provincial

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PMAC 2011 AGM

Incoming Chair Incoming Chair Outlook 2011/12 Outlook 2011/12

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PMAC 2011AGM

1. 1.

To approve the Minutes of the 2010AGM To approve the Minutes of the 2010AGM

2. 2.

To approve the Financial Statements of the Association To approve the Financial Statements of the Association for the fiscal year ended June 30, 2011. for the fiscal year ended June 30, 2011.

3. 3.

To appoint the Association To appoint the Association’ ’s auditors for the year ended s auditors for the year ended June 30, 2012. June 30, 2012.

4. 4.

To elect Directors of the Association. To elect Directors of the Association.

5. 5.

To receive the Chairman To receive the Chairman’ ’s Report. s Report.

6. 6.

To consider any other business. To consider any other business.

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