Toronto, November 1, 2023 – RF Capital Group Inc. (the Company) (TSX: RCG) today reported preliminary month-end assets under administration (AUA) of $34.4 billion as of October 31, 2023, down $0.3 billion or 0.8% from last month, as compared with a 3.4% decrease in the TSX over the same period. AUA is a key performance indicator and one of the financial measures used by management, investment advisors and the Company’s shareholders to assess operating performance.
| AUA ($ billions) | October 31, 2023 | September 30, 2023 | % Change Month-Over-Month |
|---|---|---|---|
| AUA1 | $34.4 | $34.7 | (0.8)% |
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 NEW ADVISOR
The Company is pleased to announce Kate Murdoch, a 2020 finalist in the IIAC’s Top Under 40 Award, has joined Richardson Wealth’s Victoria, British Columbia office, bringing the number of new advisors during 2023 to eight.
Natalie Bisset, SVP, Head of Corporate Development at Richardson Wealth commented, “We are delighted to welcome Kate to the Richardson Wealth family. Aligned with our vision for Richardson Wealth to be the brand of choice for Canada’s top advisors, we have been focused on building our pipeline of advisors and adding new talent to our team. Kate was sought after by several firms and cited our culture and entrepreneurial spirit as key drivers in her decision to choose Richardson Wealth.”
To learn more about the Company, 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 $34.4 billion in assets under administration (as of October 31, 2023) and 21 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 Centre 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.
For further information, please contact:
RF Capital Group Inc.
Tim Wilson, Chief Financial Officer
Tel: (416) 943-6169; e-mail [email protected]