TORONTO, Nov. 17,
2022 /CNW/ - RF Capital Group Inc. (TSX: RCG) (RF
Capital) announces that following an internal selection and
appointment process, David Porter
was selected to fill the board seat vacated by the previous advisor
incumbent, Marc Dalpé. Mr. Porter will join the board effective
January 1, 2023.
The company invited its 914 employees, advisors, and advisor
teams to participate in the selection of an IA nominee director to
be appointed to the board. The following six Richardson Wealth
advisors stood for the run-off election: Stephen Cudmore (Charlottetown), Brad
Gustafson (Calgary),
Rosemary Horwood (Toronto), Susan
O'Brien (Calgary),
David Porter (Edmonton) and Francis
Sabourin (Montreal).
Stephen Cudmore and David Porter were elected to the final ballot by
advisor teams representing 82% of total AUA, along with 383
employees who support them. The board approved both candidates
after conducting due diligence and a final vote by the same
constituency elected Mr. Porter.
"By opening the voting to all active employees, we provided a
unique privilege to everyone in our company. As their nominee on
the board, it was fitting that they had a vote. I was so
overwhelmed with the level of enthusiasm and engagement I witnessed
throughout the process. I was also incredibly impressed with the
caliber of candidates who participated," says Don Wright, Chair of the Board, RF Capital.
"David is ready for this job," said Kish Kapoor, President &
CEO, RF Capital. "He is a 20-year veteran and manages a sizeable
business. He has experience serving on the boards in the private
and non-profit sectors. David's personal and professional passions,
beyond his role as an advisor, have led him down the path of
executive leadership training, board governance and the value they
provide. He will be an excellent contributor."
David Porter adds, "The voice of
the advisor has always been uniquely strong here and this role
ensures that we will continue to elevate our culture of truly
valuing and supporting our advisors and teams."
The company also announced the creation of a new CEO Advisory
Council that will consist of advisor representation across the
country and the five other advisors who stood for election. The
council will meet four times a year to provide direct feedback and
guidance that will help Richardson Wealth continue to further
enhance its overall advisor and client experience.
About RF Capital Group
Inc.
RF Capital Group Inc. is a TSX-listed (TSX: RCG) wealth
management-focused company. Operating under the Richardson Wealth
brand, the Company is one of the largest independent wealth
management firms in Canada with
$34.6 billion in assets under
administration (as of October 31,
2022) and 20 offices across the country. The firm's Advisor
teams are focused exclusively on providing strategic wealth advice
and innovative investment solutions customized for high net worth
or ultra-high net worth families and entrepreneurs. The Company is
committed to maintaining exceptional fiduciary standards and has
earned certification – determined annually – from the Center for
Fiduciary Excellence for its Separately Managed and Portfolio
Management Account platforms. Richardson Wealth has also been
recognized as a Great Place to Work™ for the past three years, a
Best Workplace for Women, a Best Workplace in Canada and Ontario, a Best Workplace for Mental Wellness,
for Financial Services and Insurance, and for Hybrid Work. For
further information, please visit www.rfcapgroup.com and
www.RichardsonWealth.com.
SOURCE RF Capital Group Inc.