We seek to manage risk for our clients at two levels: at the asset mix level and at the portfolio model level.

The investment professionals from our Risk Management & Client Service team, where permitted or requested to do so, advise our clients on which combination of our portfolio models would be appropriate for their investment goals, and in what relative proportions. Once the asset mix decisions have been made, investment professionals from our Investment Management team are responsible for the selection of the specific securities and relative weightings of the securities that comprise each of our portfolio models. The division of responsibilities between the Risk Management & Client Service team and the Investment Management team permits each group to focus on managing risk in a separate but complementary fashion, and to contribute most effectively to the prudent investment of each client's investable assets.

When developing a customized asset mix for a client, we look to reduce the volatility of a client's assets by diversifying them into different asset classes (e.g., equities, income trusts, alternative strategies and fixed income).

We offer our clients a range of portfolio models across the risk spectrum. Our equity portfolio models are generally comprised of securities of approximately 35-45 issuers and range from the more conservative income and value-oriented portfolio models to our relatively less conservative growth-oriented portfolio models. Clients' assets are allocated amongst our portfolio models in accordance with their investment and risk objectives after consultation with the members of our Risk Management & Client Service team.