Seller 1

AUM at Close $67.0M

12 Month Trailing at Close $575K
Selling Multiple 3
% Down 10%

ected Purchase Price at Close $1,725K

Payment at Close $172.5K
Balance over 5 years $310.5K

At close Year 1 Year 2 Year 3 Year 4 Year 5

% Client Growth / (Decline) 0% 0% 0% 0% 0%
% Market Growth / (Decline) 0% 0% 0% 0% 0%
Projected Period Gross Rev. $575.0K $575.0K $575.0K $575.0K $575.0K
Projected Period Net Rev. 81% $465.8K $465.8K $465.8K $465.8K $465.8K

Scenario A: Fixed Price $67.0M $67.0M $67.0M $67.0M $67.0M $67.0M AUM
Payment to Seller per Period $172.5K $310.5K $310.5K $310.5K $310.5K $310.5K
otal Payment to Seller to Date $172.5K $483.0K $793.5K $1,104.0K $1,414.5K $1,725.0K
yer Gross Revenue per Period N/A $155.3K $155.3K $155.3K $155.3K $155.3K

Scenario B: Variable Price $67.0M $67.0M $67.0M $67.0M $67.0M $67.0M AUM
Payment to Seller per Period $172.5K $310.5K $310.5K $310.5K $310.5K $310.5K
otal Payment to Seller to Date $172.5K $483.0K $793.5K $1,104.0K $1,414.5K $1,725.0K
yer Gross Revenue per Period N/A $155.3K $155.3K $155.3K $155.3K $155.3K

Expenses
Rent $0 $0 $0 $0 $0
Salaries $70,000 $70,000 $70,000 $70,000 $70,000
Technology Fee $6,900 $6,900 $6,900 $6,900 $6,900
 Compliance
Trading Cost $5,500 $5,500 $5,500 $5,500 $5,500
Transfer Costs $0 $0 $0 $0 $0 $0
Other
Total Expenses $82,400 $82,400 $82,400 $82,400 $82,400

CASH FLOW SUMMARY

Scenario A: Fixed Price $67.0M $67.0M $67.0M $67.0M $67.0M $67.0M AUM
Projected Period Net Rev. 81% $465.8K $465.8K $465.8K $465.8K $465.8K $2.33M
Payment to Seller per Period $172.5K $310.5K $310.5K $310.5K $310.5K $310.5K $1.73M
Cash Flow to Buyer per Period -$172.5K $155.3K $155.3K $155.3K $155.3K $155.3K $604K
Net Income to Buyer $72.9K $72.9K $72.9K $72.9K $72.9K $364K

Scenario B: Variable Price $67.0M $67.0M $67.0M $67.0M $67.0M $67.0M AUM
Projected Period Net Rev. 81% $465.8K $465.8K $465.8K $465.8K $465.8K $2.33M
Payment to Seller per Period $172.5K $310.5K $310.5K $310.5K $310.5K $310.5K $1.73M
Cash Flow to Buyer per Period -$172.5K $155.3K $155.3K $155.3K $155.3K $155.3K $604K
Net Income to Buyer $72.9K $72.9K $72.9K $72.9K $72.9K $364K
 Offering Memorandum Data
Asset Breakdown

AUM $ 2023
( '000 ) AUM % Revenue $
Mutual Funds ·········· 61,089 91%
Stocks ················· 2,013 3%
ETF ····················
Cash ··················· 2,430 4%
Segs ··················· 1,272 2%
Other Ins Rev ·········
GICs ···················
Fixed Income ··········
Bonds ··················
SMAs ··················
Corp ··················· 214 0%
TOTAL ················· 67,018 100% 575,000

Further Breakdowns

ISSUERS
Portland Private Income - 12.8%
Equiton REIT - 11.86%
Fidelity Global Balanced - 9.66%
Centurion REIT - 9.25%
Fidelity Balanced Private Pool - 7.21%

AUM % AUM %
Captive ················ 0%

Account Breakdown

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 AUM $
( '000 ) AUM %
Non-Registered ········ 25,448 38%
Margin ················· 5,750 9%
RIF ···················· 8,587 13%
RRSP ··················· 22,579 34%
TFSA ··················· 4,604 7%
RDSP ··················
IPP ····················
FTHB ··················
RESP ··················· 111 0%
TOTAL ················· 67,079 100%

Further Breakdowns

# Accounts ············· 304

% Client Name ········· 0%
% Nominee ············· 100%

Client Breakdown

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 # Households ·········· 76
# SINs ················· 181

AUM $
Age % by SIN ( '000 )
1925 - 1945 (Silent) ···················· 0.49% 325
1946 - 1964 (Boomer) ··················· 54% 36,511
1965 - 1976 (Gen X) ···················· 18% 11,514
1977 - 1995 (Millennial) ················ 3% 1,703
1996 - 2012 (Gen Z) ····················· 0%
2013 - 2029 (Alpha) ····················· 4% 2,408
Corp ····································· 22% 14,655
100% 67,116

Geography %
Greater Saint John ······················ 65%
Miramichi ······························· 11%
Fredericton/Woodstock ·················· 10%
Nova Scotia ····························· 7%
NFLD/Ontario/ ·························· 7%
100%
AUM $ HH AUM$
Top 5 Clients ( '000 ) ('000) City Age
6,200 Miramichi 69
4,800 Cambridge Narrows 58
4,000 Quispamsis 44
2,800 Saint John 60
2,600 Rothesay 55
20,400
30%

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