This was the final step in integrating this very successful acquisition, which though small relative to CI’s assets, was benefi cial  in growing our assets and developing and strengthening valuable relationships in portfolio management and distribution.  CI has been successful over the past 10 to 15 years in developing multiple channels of distribution for its funds and its  investment management expertise. This strategy has been an important driver of CI’s growth and differentiates us from  other independent fund companies.  Today, our distribution strategy has three central pillars: building the Assante dealership into the premier wealth planning  organization in Canada; growing our retail investment fund business through an intense focus on selected distribution  partners; and expanding our presence in the institutional market through CI Institutional Asset Management. Assante continued to grow through 2012, building upon its status as one of Canada’s pre-eminent financial advisory fi rms.  Assets at Assante and Stonegate Private Counsel increased 8.0% over the year to $24.3 billion, reflecting the improving  performance of financial markets and increasing levels of investment from our clients. Assante’s advisors maintain a focus  on the conservative management of the financial affairs of Canadian families. Assante continues to attract new clients  and additional assets from existing clients as Canadians continue to seek out holistic financial advice. Assante clients were  well served through the volatile environment of the past few years by our emphasis on investing discipline and patience.  Our advisors provide diversified portfolio solutions, backed by the expertise of leading money managers, including the  portfolio management teams of CI Investments. Strong financial markets and increasing sales through the fi rst three  months of this year increased assets to $25.3 billion as at March 31, 2013. Assante sets itself apart from its competitors by providing extensive resources related to meeting the wealth management  needs of its clients. Assante’s commitment to an integrated approach to wealth management that incorporates all aspects  of managing a client’s finances – risk management, estate planning and tax planning, in addition to sound investment  management – is demonstrated through its programs and services. Assante assists its advisors in providing this advanced  level of service through a large in-house staff that includes tax, insurance, estate planning and other experts. In addition,  Assante has launched a practice management initiative providing its clients with clear roadmaps for achieving their wealth  management objectives. An extension of this program is ongoing professional development for Assante advisors, both new  and experienced, in areas such as compliance and advanced financial planning topics. Assante continues a comprehensive communications program for advisors and clients that provides timely insights from  portfolio managers on market developments and the positioning of their mandates, as well as relevant information on  issues such as income, estate and succession planning. Through initiatives such as the Wealth Matters series, Assante  continues to demonstrate its leadership and a focus on delivering valued advice to Canadians.  11 Assante  Building strong partnerships 