Working Together to Meet Your Investment GoalsIntegrated Investment Consulting Services

Fiduciaries and trustees rely on us to help establish and monitor an investment program that consistently meets their goals. We provide well-communicated independent, proactive advice and guidance that’s innovative, thorough, and customized to meet your needs. We play an important role by acting as a co-fiduciary or as an extension of your staff.Buck Consultants, A Xerox Company, is a boutique firm that has carved out an important niche serving small and mid-sized investment organizations within Canada. We’ve been providing impartial, trusted advice free from conflict of interest since 1972 and have experience working across a variety of asset classes. We recognize that risk is multifaceted and therefore undertake extensive research in order to manage our clients’ investment programs.

Integrated Investment Consulting Services

Working Together to Meet Your Investment Goals

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Our ServicesOur Canadian investment and retirement practice work with clients on either a full service relationship or on a project basis.

Our services include:• Plan Design• Investment Policy – Review and

Implementation• Strategic Asset Allocation• Portfolio Construction• De-risking Strategies, LDI• Investment Manager/Fund Selection

and Oversight• Performance and Risk Monitoring• Governance and Fiduciary Review• Tailored Education

Customized Solutions

Defined benefit plans: Managing financial risk

A defined benefit plan (DB) sponsor has unique risks that need to be evaluated within the context of their liabilities.

We create customized de-risking strategies that reflect the behavior of the plan’s liabilities. This Liability Driven Investment (LDI) strategy provides a road map and implementation strategy to de-risk as the Plan’s funding ratio improves and/or predetermined targets are met.

We can provide regular updates on the funded status of the plan, together with advice on suitable strategies that will improve the level of funding and reduce the risk of deterioration.

Defined contribution plans: Fulfilling fiduciary duties

We assist the plan sponsor select the fund options and ensure that the range of funds is complimentary and diversified in terms of styles and objectives.

Whether corporate, public, or not-for-profit, the ideal structure of a defined contribution investment program balances investment options with risk tolerance in light of the needs of all concerned — plan members, trustees and plan sponsors.

We provide our defined contribution (DC) clients the information they need to make informed investment decisions. We:• Provide guidance in plan design with a

strong governance framework• We assess the investment strategy and

risk characteristics of each of the funds• Help to select a fund line-up that is

cost-effective and easy to understand• Provide an integrated approach that

captures both the quantitative and qualitative factors, and best satisfy organizational and regulatory objectives

• Provide reports with information on performance, risk, asset mix, fees, and other features customized to meet our clients’ needs

We have walked a mile in our client’s shoes.

Our core consultants have significant experience, much of it gained working on the client side, managing pension plans on behalf of major organizations.

We understand the challenges that you face and therefore are better equipped to ensure your needs are properly addressed.

We manage our client’s investment program as if it were our own. The trust and confidence that our clients bestow on us is a serious undertaking and our objective is to exceed industry standards.

Project-Based SolutionsWe offer customized, project-based solutions to our clients. While we are flexible and capable of customizing services to meet the needs of any project, our standard project-based solutions typically include:

Investment manager/fund selection, portfolio construction, and policy work

Within the context of implementing an investment policy, portfolio construction and manager research are core services that we undertake on behalf of our clients. We conduct in-house manager research, and purchase investment manager database information from the leading providers. This allows us to provide our clients with comprehensive market coverage and in-depth analysis on the top fund managers in each asset class. We don’t sell any data or research to third parties, and receive no fees from any manager or vendor. Our process is thorough and independent.

Asset liability modeling

Buck offers a proprietary tool, ALM Investment Check, to better manage a pension plan’s asset mix in relation to the liabilities. We have taken the complexity out of asset/liability modeling and made it user friendly and interactive. It is particularly useful for a plan interested in exploring a de-risking or LDI framework.

Our Investment Philosophy We believe institutional investors have the greatest success in meeting their goals when the following tenets are adopted:

• Document a plan that captures return goals and risk tolerances to meet your objectives

• Recognize that asset allocation is the key driver of risk and return • Find the most appropriate managers in each asset class with the optimal mix

of risk and return• Minimize fees at all levels of the investment program • Create a formal disciplined oversight and governance structure

Integrated Investment Consulting Services

ALM Investment Check is a versatile stochastic modelling tool with the necessary sophistication to help make the right investment decisions in a timely manner and on a cost effective basis.

ALM Investment Check helps sponsors:

• Better understand their pension plan’s liabilities, risks, and potential costs

• Determine how adverse risk scenarios can affect their funding status, contribution levels and expense

• Determine optimal investment solutions by considering liability hedging to attain objectives while taking into account the plan sponsor’s risk tolerance

• Assess the impact of including alternative investments, duration hedging, de-risking solutions, and annuity purchases

• Fulfill their fiduciary obligations

Objective third-party audit and review: Ensuring fiduciary needs are met

Clients look to us to provide an unbiased assessment of the investment oversight and management process. We start by developing the Investment Policy Statement, and then manage its implementation and compliance.

We ensure the asset allocation matches up with the organization’s policy objectives. We review the investment managers’ performance, reasonableness of fees, and overall value-add. Our analysis and review is thorough, well documented and designed to help in prudent, thoughtful decision-making.

Vendor searches: Letting you focus on what you do best

Whether it’s specific service providers or best-of-breed vendor searches based on your criteria, we manage the full process. We develop the scope of services, oversee the implementation, manage quality control, and handle all follow-ups. We take responsibility for the routine tasks a vendor search entails, so that you can focus on what you do best — managing your business.

Termination annuity services: Winding down safely

Acting as a fiduciary we provide plan sponsors with advice concerning the selection of the “safest available” annuity provider, consistent with regulatory guidance, and manage the entire process of winding down the plan. We operate on a fee-for-service basis, thus eliminating any inherent conflicts of interest.

Why Choose Us• We are impartial. We don’t manage

proprietary investment funds. Our solutions are always based on our independent research and client needs.

• We bring ideas and experience. We provide practical insight and take a holistic approach to investment consulting. You can draw on our global perspective, with access to our most senior level consultants and best ideas.

• We are proactive. You will deal with advisors who understand the investment business and have the resources, credentials, and wealth of experience needed to identify and resolve any issues.

• We offer client-centric technology. Our approach combines the best external software with our internal proprietary models to deliver flexible, market-sensitive advice. Our clients benefit from our customized solutions.

Let’s get started.For more information on our investment consulting services, contact our Wealth Practice consulting team at 1 866.355.6647 or hrconsulting@xerox.com.

www.xerox.ca/hrconsulting

©2015 Xerox Corporation and Buck Consultants, LLC. All rights reserved. Xerox® and Xerox and Design® are trademarks of Xerox Corporation in the United States and/or other countries. Buck Consultants is a trademark of Buck Consultants, LLC. in the United States and/or other countries. BR15654