Toronto, February 1, 2024 – RF Capital Group Inc. (the Company) (TSX: RCG) today reported preliminary month-end assets under administration (AUA) of $35.8 billion as of January 31, 2024, up $0.6 billion or 1.7% from last month. AUA is a key performance indicator and one of the financial measures used by management, investment advisors and the Company’s shareholders to assess operating performance.
| AUA ($ billions) | January 31, 2024 | December 31, 2023 | % Change Month-Over-Month |
|---|---|---|---|
| AUA1 | $35.8 | $35.2 | 1.7% |
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.
Dave Kelly Appointed COO
Last month, the Company announced the appointment of Dave Kelly as Chief Operating Officer of Richardson Wealth. His focus will be on delivering best-in-class support to the firm’s advisors to drive growth and profitability. Dave’s career spans more than 25 years of progressively senior roles in financial services. Most recently, he was head of Gluskin Sheff and, prior to that, he spent 14 years in wealth management at TD Bank.
Dave and his team, including Neil Bosch and James King, the recently appointed Regional Heads of Advisor Experience & Growth, will concentrate on the Company’s first strategic pillar – doubling down on advisor support. For more details, refer to the press release announcing Mr. Kelly’s appointment here.
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 $35.8 billion in assets under administration (as of January 31, 2024) and 22 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]
