Thank You to our Speakers David Frum 2 1 Thank You to our - PDF document

1 Thank You to our Speakers David Frum 2 1

Thank You to our Sponsors DIAMOND SPONSOR 3 Thank You to our Sponsors PLATINUM SPONSOR 4 2

Thank You to our Sponsors GOLD SPONSORS 5 Thank You to our Sponsors GOLD SPONSORS 6 3

Thank You to our Sponsors GOLD SPONSORS 7 Thank You to our Sponsors GOLD SPONSORS 8 4

Thank You to our Sponsors GOLD SPONSORS 9 Thank You to our Sponsors GOLD SPONSORS 10 5

Thank You to our Sponsors GOLD SPONSORS 11 Thank You to our Sponsors SILVER SPONSORS 12 6

Thank You to our Sponsors SILVER SPONSORS 13 Thank You to our Sponsors 7

PMAC 2013 AGM 1. To approve the Minutes of the 2012 AGM. 2. To approve the Financial Statements of the Association for the fiscal year ended June 30, 2013. 3. To appoint the Association ’ s auditors for the year ended June 30, 2014. 4. To elect Directors of the Association. 5. To approve new By-Laws and Articles of the Association. 6. To receive the Chairman ’ s Report. 7. To consider any other business. 15 PMAC 2013 AGM 1. To approve the Minutes of the 2012 AGM . 2. To approve the Financial Statements of the Association for the fiscal year ended June 30, 2013. 3. To appoint the Association ’ s auditors for the year ended June 30, 2014. 4. To elect Directors of the Association. 5. To approve new By-Laws and Articles of the Association. 6. To receive the Chairman ’ s Report. 7. To consider any other business. 16 8

PMAC 2013 AGM 1. To approve the Minutes of the 2012 AGM. 2. To approve the Financial Statements of the Association for the fiscal year ended June 30, 2013. 3. To appoint the Association ’ s auditors for the year ended June 30, 2014. 4. To elect Directors of the Association. 5. To approve new By-Laws and Articles of the Association. 6. To receive the Chairman ’ s Report. 7. To consider any other business. 17 PMAC 2013 AGM Treasurer � s Report – Financial Results 12/13 • Revenue � 19% (over 11/12) • • Main increase in revenue: Membership Fees ( � 16%) • Seminar/Event Income ( � 39%) • Sponsorship Income ( � 23%) • 18 9

PMAC 2013 AGM Treasurer � s Report – Financial Results 12/13 • Expenses • � 13% • Member Services Largest Component ( � 17%) • Increase in staff resources (.5 FTE) ( � 20%) 19 PMAC 2013 AGM Treasurer ’ s Report – Financial Results 12/13 • Statement of Changes in Fund Balances • � From $141K to $156K • Concluding Remarks: • Its been another year of positive growth for the Association • Board working on continued increase in membership to strengthen capital reserve and alternate revenue sources 20 10

PMAC 2013 AGM 1. To approve the Minutes of the 2012 AGM. 2. To approve the Financial Statements of the Association for the fiscal year ended June 30, 20132013. To appoint the Association ’ s auditors for the year ended 3. June 30, 2014. 4. To elect Directors of the Association. 5. To approve new By-Laws and Articles of the Association. To receive the Chairman ’ s Report. 6. 7. To consider any other business. 21 PMAC 2013 AGM 1. To approve the Minutes of the 2012 AGM. 2. To approve the Financial Statements of the Association for the fiscal year ended June 30, 2013. To appoint the Association ’ s auditors for the year 3. ended June 30, 2014. 4. To elect Directors of the Association. 5. To approve new By-Laws and Articles of the Association. To receive the Chairman ’ s Report. 6. 7. To consider any other business. 22 11

PMAC 2013 AGM 1. To approve the Minutes of the 2012 AGM. 2. To approve the Financial Statements of the Association for the fiscal year ended June 30, 2013. To appoint the Association ’ s auditors for the year ended 3. June 30, 2014. 4. To elect Directors of the Association. 5. To approve new By-Laws and Articles of the Association. To receive the Chairman ’ s Report. 6. 7. To consider any other business. 23 Election of Directors Nominating Committee Report 2013 Proposed New Directors: • Carol Lynde , President & Chief Operating Officer, Bridgehouse Asset Managers • David Kilburn , First Vice President, CIBC Private Investment Counsel 24 12

Election of Directors Nominating Committee Report 2013 Proposed Directors - Re-election • Jamie Heward , President, Heward Investment Management Inc. for a 3 year term • Kevin Leblanc , Chief Operating Officer, TD Asset Management, Inc. for a 3 year term • John Pitfield , Vice President & Director, Jones Collombin Investment Counsel Inc. for a 3 year term These nominees are proposed as the slate of Directors to be re elected. 25 Departing Directors Thank You to Departing Director: Don Barber , Evans Investment Counsel 26 13

Departing Directors Thank You to Departing Directors: Mark Barnicutt , Highview Asset Management Rob Barbara , Burgundy Asset Management 27 Departing Chairs Thank You to Departing Committee Chair: Andrew Martyn , Falcon Asset Management Chair of Member Services 28 14

PMAC 2013 AGM 1. To approve the Minutes of the 2012 AGM. 2. To approve the Financial Statements of the Association for the fiscal year ended June 30, 2013. To appoint the Association ’ s auditors for the year ended 3. June 30, 2014. 4. To elect Directors of the Association. 5. To approve new By-Laws and Articles of the Association. To receive the Chairman ’ s Report. 6. 7. To consider any other business. 29 PMAC 2013 AGM New By-Laws and Articles � Part of transition to new Canada’s Not-for-Profit Corporations Act � Compliance required by October 17, 2014 � PMAC will retain key elements of the existing governance structure 30 15

PMAC 2013 AGM Summary of Key Changes to By-Laws � Annual Financial Statements made available to Members online � New section on “Member in Good Standing” � Clarity around concept of “Member Representative” � Notice of meetings - Via mail (b/w 21 and 60 days of AGM; electronically b/w 21 and 35 days) � Voting by show of hands � Term limits for directors 31 PMAC 2013 AGM New Articles of Continuance � Min 10 and max 15 directors � One class of Members � Revised statement of purpose of the Association 1. To advocate the highest standards of unbiased portfolio management in the interest of investors served by Members; 2. To actively promote the profession of portfolio management and to increase public awareness of independent portfolio management and its benefits; 3. To advocate Members’ views to securities regulators and other government agencies; 4. To encourage membership in and support for the activities of the Corporation; 5. To sponsor educational programs and to conduct coordinated research projects and surveys for the continued development of the profession; 6. To cultivate co-operation, foster understanding and create interest among firms, the public, individuals, other association and professions as they may affect portfolio management through meetings, conferences, publicity, lectures, seminars and other appropriate means; and 7. To provide a resource for portfolio management related information. 32 16

PMAC 2013 AGM 1. To approve the Minutes of the 2012 AGM. 2. To approve the Financial Statements of the Association for the fiscal year ended June 30, 2013. To appoint the Association ’ s auditors for the year ended 3. June 30, 2014. 4. To elect Directors of the Association. 5. To approve new By-Laws and Articles of the Association. To receive the Chairman ’ s Report. 6. 7. To consider any other business. 33 PMAC 2013 AGM Chairman ’ s Report 34 17

PMAC Chairman ’ s Report Highlights of 2012/13 - PMAC Significant Activity Services / Activities Advocacy Growth 35 PMAC Chairman ’ s Report Services/Activities 2012/13 � CEO/President Networking Dinners (November & April) � Compliance Officers' Network – Continued to grow in participation (5 meetings/year/3 cities) - - Topics & Guest Speakers: • OSC Update for PMs – Trevor Walz • CRM II – Rebecca Cowdery, BLG • FATCA – Jillian Nicolson, Ernst & Young � Full-day Compliance Forums in Vancouver and Toronto 36 18

PMAC Chairman ’ s Report Services/Activities 2012/13 � New Full-Time Member Services Coordinator added to PMAC Staff Team • Eleanor Bushell � Events/seminars during year (highlights) • Social Media (Heenan Blaikie) • Cost Disclosure and Performance Reporting (Fasken) • Cyber Security (Chubb) • ETF Fundamentals • Vancouver Compliance Forum • U.S. Tax & Estate Law Impacting Canadian Clients (RBC Investor Services) • New Members Event • 2 CEO Dinners 37 PMAC Chairman ’ s Report Services/Activities 2012/13 � Updated Templates • Conflict of Interest Disclosure Statement (November 2013) • Principles of Corporate Governance (In Progress) � New Templates/Guidelines • KYC Best Practices (Coming Soon!) • Oversight of Service Providers (Coming Soon!) • AML Compliance Guideline (2014) 38 19