TORONTO, Feb. 2, 2023
/CNW/ - RF Capital Group Inc. (the Company) (TSX: RCG) today
reported preliminary month-end assets under administration (AUA) of
$36.3 billion as of January 31, 2023, up $1.4
billion or almost 4% from last month. AUA is a key
performance indicator and one of the financial measures used by
management, investment advisors and the Company's shareholders to
assess operating performance.
AUA ($
billions)
|
January 31,
2023
|
December 31,
2022
|
% Change
Month-Over-Month
|
AUA1
|
$36.3
|
$34.9
|
3.9 %
|
|
|
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.
|
NEW ADVISOR TEAM
The Company is also delighted to announce that Rick Shrum has joined Richardson Wealth's
Kitchener, Ontario office
effective January 30, 2023.
Kish Kapoor, President and CEO of RF Capital said, "On behalf of
the Richardson Wealth team, I would like to extend a warm welcome
to Rick, the first advisor to join us following our transition to
Fidelity Clearing Canada's uniFide® platform. We expect the pace of
advisor team additions to accelerate in the coming quarters, and
that we will continue to build our pipeline of advisors that are
aligned with our vision for Richardson Wealth to be the brand of
choice for Canada's top advisors
and their high-net worth clients."
For more information on the Company's transition to the
Fidelity's uniFide® platform, see January 5,
2023 news release here.
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
$36 billion in assets under
administration (as of January 31,
2023) 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.