Mr. Ryan McNally reports

TD WEALTH LAUNCHES UNIFIED DISCRETIONARY MANAGEMENT PLATFORM FOR HIGH-NET-WORTH CLIENTS

Toronto-Dominion Bank's TD Wealth has officially unified its Private Investment Counsel (PIC) and Private Investment Advice -- Privately Managed Portfolios businesses into a single, integrated discretionary investment management platform, operating within the Canadian Investment Regulatory Organization (CIRO) framework.

The newly combined offering simplifies how discretionary management is delivered at TD Wealth by aligning teams, strengthening portfolio management capabilities, and creating a more seamless, scalable experience for clients and advisors.

"This marks an important step forward in the evolution of private wealth management at TD," said Paul Clark, group head, wealth management and TD Insurance. "By unifying our discretionary platform, we're bringing together two strong businesses and the exceptional portfolio managers behind them. This strengthens our ability to deliver industry-leading advice and expands the value we offer to Canadians looking for a comprehensive, long-term wealth management partner."

This unification brings meaningful benefits for both clients and advisers. Clients continue to benefit from comprehensive discretionary wealth management, now supported by enhanced technology and a broader range of investment solutions. Advisers will benefit from a consolidated operating model that reduces friction, strengthens practice support and enables more time to focus on delivering high-value guidance.

"This is about empowering our advisers with a best-in-class platform," said Ryan McNally, executive vice-president and head of private wealth management, TD Wealth Management. "By simplifying and modernizing how we deliver discretionary investment management, we're freeing up adviser capacity and enabling them to spend even more time providing clients with pro-active guidance and insights. It positions us -- and them -- for long-term success."

About TD Bank Group

The bank and its subsidiaries are collectively known as TD Bank Group. TD is the sixth-largest bank in North America by assets and serves over 28.1 million clients in four key businesses operating in a number of locations in financial centres around the globe: Canadian personal and commercial banking, including TD Canada Trust and TD Auto Finance Canada; U.S. retail, including TD Bank, America's Most Convenient Bank, TD Auto Finance U.S. and TD Wealth (U.S.); wealth management and insurance, including TD Wealth (Canada), TD Direct Investing and TD Insurance; and wholesale banking, including TD Securities and TD Cowen. TD also ranks among North America's leading digital banks, with more than 13 million active mobile users in Canada and the United States. TD had $2.1-trillion in assets on Oct. 31, 2025. The bank trades under the symbol TD on the Toronto Stock Exchange and the New York Stock Exchange.