TORONTO, Jan. 3, 2023
/CNW/ - RF Capital Group Inc. (the Company) (TSX: RCG) today
reported preliminary month-end assets under administration (AUA) of
$34.9 billion as of December 31, 2022, down 2.5% from last month and
up 4.0% from the end of the third quarter. AUA is a key performance
indicator and one of the financial measures used by management,
investment advisors and the Company's shareholders to assess
operating performance.
|
AUA ($
billions)
|
December 31,
2022
|
November 30,
2022
|
% Change
Month-
Over-Month
|
|
AUA1
|
$34.9
|
$35.8
|
(2.5 %)
|
|
1.
|
Assets under
administration (AUA) is a measure of client assets and is common to
the wealth management business. AUA represents the market value of
client assets managed and administered by Richardson Wealth
Limited, including U.S. RIA, off-book, and Connected Wealth assets
on which the Company earns commissions and fees.
|
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
$34.9 billion in assets under
administration (as of December 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.