May 4, 2023.
RF Capital says it will ramp up advisor recruitment efforts this year and seek out acquisitions and partnerships in the second half of 2023 in a bid to boost growth following a period of costly transformation.
The firm put its recruitment efforts largely on hold last year while it managed a transition to back-office provider Fidelity Clearing Canada, which began in January 2023, as well as managed a move to new head offices in downtown Toronto.
“The bottom line is much of the heavy lifting is behind us,” said Kish Kapoor, president and CEO of RF Capital, parent firm of independent brokerage Richardson Wealth, at the firm’s annual general meeting on Thursday in Toronto. The firm released its first-quarter results on Wednesday.