Our growth story

At Richardson Wealth, we believe it’s important to set ambitious goals. In May 2021, we announced a plan to triple our assets under administration (AUA) and revenue by end of 2025. We believe a favourable market backdrop will support our growth and allow us to execute from a position of growing strength.

Renaissance of a bygone era

Our approach to wealth management harkens back to the days when the name on the door meant something, and people and principles mattered.

It’s no wonder a wave of advisors and high-net worth families are opting to leave bank-owned institutions and gravitating to a more “white-glove” experience that only a boutique, independently owned wealth management firm can deliver. We plan to capitalize on that trend.

Our aspirational goals

The market for retail financial wealth in Canada is changing. By 2028, it is expected to grow to $9.7 trillion, up from $5.6 trillion today, creating a considerable opportunity for an independent wealth management firm with national scale.

Richardson Wealth currently has a 0.7% share of Canadian retail wealth. Capturing an additional 1.4% of the existing market or 2% of the expected market growth would allow us to achieve our growth objectives.

Our 2025 targets

AUA 1$33B$100B
Revenue 2$300M$1B
Adj. EBIDTA 3$50M$200-300M
  1. Q1 2021
  2. Annualized Q1 2021
  3. Considered to be a non-GAAP financial measure. Such measures do not have any standardized meaning prescribed by GAAP under IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. For further information please read the “Presentation of Financial Information and Non-GAAP Measures” in our 2021 annual MD&A, which can be found under our profile at www.sedar.com

Our strategic pillars

Our growth strategy rests on three key strategic pillars that we believe will drive considerable growth, improve our operating margin and generate meaningful shareholder value.

Double down on advisor support

Supercharge advisor recruitment

Acquire or partner with like-minded firms