Richardson GMP

In January, as per regulatory requirements, you will receive new reports for each account you hold with us. These reports will be provided annually and are separate from and in addition to your statement of account which details your holdings and activity during the period. These reports, will be printed on a double-sided sheet of paper, and mailed in one envelope by beneficial owner.
The Performance Report will provide you with your personal rate of return. Your personal rate of return is based on the timing and amounts of each deposit and withdrawal for your account, dividends and interest earned from your investments, changes in the value of the securities held in your account and the mix of different investments in the portfolio. You should compare your personal rate of return to your target rate of return to evaluate whether you are on track to meet your investment goals. Initially the performance for the account will be calculated from January 1, 2016 to December 31, 2016, even if your account was opened prior to this period. This period was selected as the method to calculate performance was changed in order to meet regulatory requirements. In future, this report will provide one year, three year, five year, ten year, and since inception annualized returns from this date.

The Charges and Compensation Report summarizes the direct costs charged by Richardson GMP to you and the portion of indirect costs of products charged by third parties that was paid to Richardson GMP in providing advice, servicing, managing your portfolio, maintaining and reporting on your account during the year. This report is not an invoice but is intended to help you understand the costs of our services. These costs include but are not limited to such items as (i) administration including processing transactions, statement preparation and other reporting; (ii) advice, the expertise my team provides to help determine your financial needs, investment objectives and risk tolerance, suitable product recommendations, portfolio construction and management, ongoing reviews, account monitoring, and rebalancing, and (iii) investor protection, which includes product review, supervising accounts and suitability reviews.

Please feel free to contact us after you have received the reports. We will be happy to explain and discuss any items therein and also review your investment progress to ensure we are on course to help you achieve your goals.

We thank you for your ongoing support and are committed to providing you with the highest level of service.



Dwight Jefferson, CIMA®
Senior Vice President
Portfolio Manager
Tel.: 604.640.0555 • Email

Tyler Steele, CFA
Senior Vice President
Portfolio Manager
Tel.: 604.640.0554 • Email

Paul Rietkerk, CIM, FMA
Portfolio Manager
Tel.: 604.640.0562 • Email

Neil Kumar, CIM®
Portfolio Manager
Tel.: 604.640.0406 • Email

Wendy Lloyd
Tel.: 604.640.0556 • Email

Jessica Dewey
Tel.: 604.640.0405 • Email

Brenda Geib, BA
Tel.: 604.640.0559 • Email

Richardson GMP Limited
500 – 550 Burrard Street
Vancouver, BC V6C 2B5

Toll Free: 1.866.640.0400
Fax: 604.640.0300

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The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson GMP Limited or its affiliates. Assumptions, opinions and estimates constitute the author's judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. The comments contained herein are general in nature and are not intended to be, nor should be construed to be, legal or tax advice to any particular individual. Accordingly, individuals should consult their own legal or tax advisors for advice with respect to the tax consequences to them, having regard to their own particular circumstances. Insurance services are offered through Richardson GMP Insurance Services Limited in BC, AB, SK, MB, NWT, ON, QC, NB, NS, PEI and NL. Additional administrative support and policy management are provided by PPI Partners. Richardson GMP Limited is a member of Canadian Investor Protection Fund. Richardson is a trade-mark of James Richardson & Sons Limited. GMP is a registered trade-mark of GMP Securities L.P. Both used under license by Richardson GMP Limited.