TORONTO, June 1, 2023
/CNW/ - RF Capital Group Inc. (the Company) (TSX: RCG) today
reported preliminary month-end assets under administration (AUA) of
$35.4 billion as of May 31, 2023, down $0.9
billion or 2.4% from last month. AUA is a key performance
indicator and one of the financial measures used by management,
investment advisors and the Company's shareholders to assess
operating performance.
AUA ($
billions)
|
May 31,
2023
|
April 30,
2023
|
% Change Month-
Over-Month
|
AUA1
|
$35.4
|
$36.3
|
2.4 %
|
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 TWO NEW
ADVISORS
The Company is also pleased to announce the addition of
Allyson Watson and Jeffrey Watson to Richardson Wealth's
Halifax, Nova Scotia office,
bringing the number of new advisors during the first five months of
2023 to six.
Natalie Bisset, SVP, Head of
Corporate Development at Richardson Wealth commented, "We are
delighted to welcome Allyson and Jeffrey
Watson to Richardson Wealth. This high-caliber team chose to
join our platform for our advisor-centric culture and commitment to
enhancing the advisor experience, especially through investments in
new offices and technology solutions. We are also very pleased to
be building our presence in the Atlantic provinces as we seek to be
the brand of choice for Canadian high-net worth advisors and their
clients."
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
$35.4 billion in assets under
administration (as of May 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 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.