Disclosure – John Baynham

As a Carte Wealth Management Inc. Representative I am engaged in various business activities including being a registered Mutual Funds Salesperson, a licensed Life Insurance Advisor, a Director/Owner of a company and a Volunteer and represent separate companies for each purpose. As such, you may be dealing with more than one company depending on the products purchased, or services rendered. Remuneration also varies with the products purchased, or services rendered. I will be representing Carte Wealth Management Inc. for the sale of mutual fund products and will provide you with the name of the entity that I represent while conducting business as a licensed Life Insurance Advisor, as a Director/Owner and as a Volunteer. The business activities relating to my position as a licensed Life Insurance Advisor, my position as a Director/Owner and my position as a Volunteer are not the business of, or under the supervision of Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.

I, John Baynham, am a registered mutual fund salesperson represented by Carte Wealth Management Inc.

I am also a licensed Life Insurance Advisor with Carte Risk Management Inc., insurance managing general agency. Any activity relating to my occupation as a licensed Life Insurance Advisor is not the business of, or under the supervision of, Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.

I am also the Director/Owner of Retirement Income Group Inc., an entity through which I place life insurance business, an entity to which my life insurance and mutual fund commissions are paid and an entity whose name I use as a trade name when conducting mutual fund related business. Any activity relating to my occupation as a Director/Owner is not the business of, or under the supervision of, Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.

I am also a Volunteer with the Alzheimer Society of Durham Region, a not-for-profit organization providing help by working with local and regional agencies to meet the needs of people with dementia and also providing support and education programs for people with Alzheimer’s disease and related dementia, and their family and professional care partners, whereby I am responsible for assisting in reviewing investment statements to ensure IPS and investments match the organizations’ risk tolerance. Any activity relating to my position as a Volunteer is not the business of, or under the supervision of, Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.

I, John Baynham, wish this distinction to be clear, and if you are not sure of the difference, let us discuss it, or I can suggest sources from which you can obtain the necessary explanation. Our self-regulatory organization, The Mutual Fund Dealers Association of Canada (“MFDA”), has rules which state that the distinction between these business activities must be clear and that you understand the difference for the purposes of mutual fund transactions.