Private wealth pools Presentation Title Lit Code XX/XX 11/11/2018 CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. For Dealer Use Only. Not for Distribution to the Public. 11/11/2018

Evolving Needs of Affluent Investors 11/11/2018 2:56 AM Evolving Needs of Affluent Investors A Growing Opportunity 88.08% 85.57% 76.40% The Demand for Private Wealth Management The number of affluent households in Canada is expected to increase over 88% to more than 1.2 million by 2024. This growth will be fueled in part by the oncoming retirement of the baby-boomer cohort. A large number of boomers may seek to liquidate real estate assets and to monetize businesses, which will free up significant investment capital. The number of affluent households using discretionary investment management services is expected to increase significantly over the next 10 years- currently 80% of households are not utilizing discretionary management services. 64.60% 58.30% 60.60% Source: Investor Economics 2016.

Current Market Landscape INVESTOR MARKET ADVISOR As the result of an aging HNW demographic, volatile and poorly performing global equity markets and uncertain domestic economic growth expectations, many HNW investors have shifted their priorities from wealth accumulation to wealth preservation. Many HNW households are seeking opportunities to consolidate their investment, banking and financial advisory relationships among fewer providers in order to take advantage of integrated service offers, as well as cost and efficiency benefits. Investor Focus Risk Adjusted Returns Aging Population Capital Preservation Adjusted for Inflation Economic Uncertainty Global Diversification Lower Return Expectations Focus on After-Fee Returns Clients Seek Advice Focused Solutions Absolute Returns

Addressing Investor and Advisor Needs 35 YEARS PRIVATE CLIENT EXPERTISE VALUE AND CLIENT CENTRIC INVESTMENT PROCESS SUPERIOR CLIENT AND ADVISOR SERVICING

Our Investment Strategy Leverages existing FTC strategic models designed specifically for private wealth investors Managed from a Canadian perspective Broader range of investment tools available to Portfolio Managers: Individual stocks and bonds Individual Mutual Funds ETF’s (up to 20%) SICAV offshore funds (up to 10%) Derivatives Franklin Bissett Specialists deploy “Growth at a Reasonable Price“ (GARP) investment style Templeton “Value" specialists Franklin Mutual Series “Deep Value” specialists Franklin Equity and Fixed Income specialists SICAV Offshore Funds1 Offer a broader range of diversification for greater tacticaI asset allocation 3rd Party Specialty and Mutual Funds PRIVATE WEALTH POOLS Exchange Traded Funds (ETFs) ETFs offer opportunities for targeted allocation exposure Securities Individual Stocks and Bonds Currency Currency forwards to help manage exposures 1. SICAV Funds are not available for direct purchase in Canada. Société d’investissement à capital variable (SICAV) is an open-end investment company governed by the laws of Luxembourg.

Our Investment Process PRIVATE CLIENT PORTFOLIO MANAGEMENT TOP DOWN ANALYSIS Evaluate global economic trends to allocate among: Asset classes, geography, investment style Focus on relative value Focus on risk-adjusted returns BOTTOM UP ANALYSIS Dedicated research teams employ: Quantitative and qualitative analysis Portfolio optimization techniques Disciplined due diligence and manager review processes Top Down Analysis Investment Strategy Team meets twice each month Analysis involves a review of economic and financial factors Team determines if target asset allocations should differ from long-term, strategic asset mixes Bottom Up Analysis Dedicated experts conduct research to select securities and underlying investment mandates Teams review portfolios on a regular basis Teams ensure portfolios are properly diversified Focus on Risk-Adjusted Returns Teams assess risk metrics Portfolios seek lower-than-benchmark volatility Investments aim to deliver superior Sharpe and Information Ratios Teams manage the portfolio to participate in market upside and protect against market downside INVESTMENT STRATEGY COMMITTEE RISK ADJUSTED RETURNS Seeks lower-than-benchmark volatility Aim to deliver superior Sharpe and Information Ratio Managed to participate in market upside and protect against market downside

Private Wealth Pools Private Wealth Pools—Min. $100,000 Asset Class and Range FT BALANCED INCOME PRIVATE WEALTH POOL Stability and tax effective income generation. This will be achieved mostly through participation in fixed income markets. FT BALANCED GROWTH PRIVATE WEALTH POOL A balance of current income and long-term capital appreciation by investing in a diversified mix of equity and income markets. FT GROWTH PRIVATE WEALTH POOL Long-term capital appreciation through participation primarily in diversified global equity markets. 40–80% Fixed income 20–60% Equities 20–60% Fixed Income 40–80% Equities 0–40% Fixed Income 60–100% Equities Addressing Investor and Advisor Needs with Private Wealth Pools Fiduciary Trust Canada launched three private wealth pools that leverage our 35 years of high net worth expertise. Focused on three distinct investor risk profiles The pools follow the existing FTC strategic models with a proven track record. The pools were specifically created to address the Advisor identified product gap in the market - investors with assets between $100K and $1 million “The Mass Affluent”. The Pools provide an ‘on-book’ solution that replicates Fiduciary Trust Canada’s Private Client offering. Fixed Income Canadian Equities U.S. Equities International Equities Cash

Competitive Pricing Our preferred pricing structure offers clients some of the lowest fees in the Canadian mutual fund industry. Account minimums start at $100,000 (for fee-based clients, through Series PF) Account linking makes the minimums more attainable to more clients (and potential clients) FUND NAME Series From first C$200K to under C$2.5M On next C$2.5M to under C$5M On next C$5M and over FT Balanced Income Private Wealth Pool O 0.80 0.70 0.65 FT Balanced Growth Private Wealth Pool 0.85 0.75 FT Growth Private Wealth Pool 0.90 FUND CODES SERIES O SERIES PF FT Balanced Income Private Wealth Pool 3961 3975 FT Balanced Growth Private Wealth Pool 3962 3976 FT Growth Private Wealth Pool 3963 3977

Presentation Title Service Offering Lit Code XX/XX Clients and advisors will receive the following on a quarterly basis; Market Commentary Perspectives Newsletter CIO Market Update (video) 11/11/2018

Reasons to Invest 35 YEARS PRIVATE CLIENT EXPERTISE Access to Fiduciary Trust Canada’s 35+ years of proven expertise in managing wealth for affluent families and foundations. Backed by the strength and global expertise of Franklin Templeton Investments. A focus on risk management and delivering superior after-tax, risk-adjusted returns. Preferred pricing—competitive fees that continue to reduce as the investment grows An exclusive servicing component. To learn more about Fiduciary Trust Canada’s Private Wealth Pools, visit www.franklintempleton.ca/privatewealthpools or contact me directly. 35 YEARS PRIVATE CLIENT EXPERTISE STRENGHT AND GLOBAL EXPERTISE OF FRANKLIN TEMPLETON SUPERIOR RISK MANAGEMENT OVERSIGHT

FTCC_EPPPT_1113 Fiduciary Trust Canada is a business name used by Fiduciary Trust Company of Canada. Fiduciary Trust Company of Canada is an indirect wholly owned subsidiary of Franklin Resources Inc., a global investment organization operating as Franklin Templeton Investments. 11/11/2018 2:56 AM

Private Wealth Pools Co-Managers Ian Riach, CFA Chief Investment Officer Fiduciary Trust Canada Ian Riach joined Franklin Templeton Investments (formerly Bissett Investment Management) in 1999 and is the Chief Investment Officer of Fiduciary Trust Canada. In addition to his role as CIO, he is Senior Vice President, Portfolio Manager and Director of Balanced Portfolio Management. Mr. Riach is the co-manager of the Fiduciary Trust Private Wealth Pools and the lead-manager of the Franklin Templeton Institutional Balanced Trust. Mr. Riach holds a bachelor of commerce degree from the University of Calgary and is a CFA® charter holder. Scott Guitard, CFA Vice President, Portfolio Manager Fiduciary Trust Canada Scott Guitard joined Fiduciary Trust Canada in 2013. Mr. Guitard is a Portfolio Manager providing discretionary management and investment counseling to clients and advisors. In addition to Scotts role of Portfolio Manager, he is the co-manager of the Fiduciary Trust Private Wealth Pools. Scott graduated from the University of New Brunswick having completed a Bachelor of Business Administration (Finance). Mr. Guitard is a CFA® charter holder.