TORONTO, April 3,
2023 /CNW/ - RF Capital Group Inc. (the Company)
(TSX: RCG) today reported preliminary month-end assets under
administration (AUA) of $36.0 billion
as of March 31, 2023, unchanged from
last month. AUA is a key performance indicator and one of the
financial measures used by management, investment advisors and the
Company's shareholders to assess operating performance.
AUA ($
billions)
|
March
31,
2023
|
February
28,
2023
|
% Change Month-
Over-Month
|
AUA1
|
$36.0
|
$36.0
|
0 %
|
|
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.
|
WELCOMES THREE NEW ADVISORS
The Company is also pleased to announce the addition of
Scott Warnez, Karim Mohamed and Christopher Puma to Richardson Wealth's growing
Kitchener, Ontario office in
March. The three additions bring the total number of new advisors
during Q1 to four. They are in addition to Rick Shrum who, as previously announced, became
a part of Richardson Wealth earlier in January.
Natalie Bisset, SVP, Corporate
Development of Richardson Wealth commented, "Over the past eighteen
months, we have attracted 10 advisor teams to Richardson Wealth.
Amongst the many reasons, they state that they are drawn to our
entrepreneurial and advisor-centric culture, the rich history of
the name on our door, and the bold steps we have taken to enhance
our advisors' experience, including the significant investments we
have made in new offices and technology solutions. With the
double-digit growth of our pipeline over the past year and a
substantial portion of our transformation initiatives complete, we
expect recruiting momentum to continue throughout the year."
To learn more about the company and its value proposition,
please visit our website to view our 2022 annual report and our
latest recruiting brochure.
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
$36.0 billion in assets under
administration (as of March 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™, 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.