TORONTO,
June 3,
2024 /CNW/ - RF Capital Group Inc. (the
Company) (TSX: RCG) today reported preliminary month-end assets
under administration (AUA) of $37.1
billion as of May 31, 2024, up
$0.6 billion or 1.7% from last month
and $1.9 billion or 5.3% since
year-end 2023. AUA is a key performance indicator and one of the
financial measures used by management, investment advisors and the
Company's shareholders to assess operating performance.
|
AUA ($
billions)
|
May 31,
2024
|
April 30,
2024
|
% Change Month-
Over-Month
|
|
AUA1
|
$ 37.1
|
$36.5
|
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.
|
WELCOMES NEW TEAM IN
HALIFAX
At the beginning of May, the Company's wealth management
subsidiary, Richardson Wealth, announced it added a highly
respected six-woman wealth-management team to its Halifax branch. The team is led by
Mary Ellen Byrne, Portfolio Manager
and Investment Advisor, and includes Julie
Grant, Investment Advisor; Paula
Campbell, Associate Investment Advisor; Jennifer O'Connor, Associate; Lisa Kuehn, Associate; and Noha Elkady, Associate. They moved their
top-tier practice to Richardson Wealth from a leading bank-owned
firm, where they were one of the largest teams, managing close to
half a billion dollars in client assets.
"We are pleased to welcome this extraordinary team and
their clients to our firm. Their decision to join us reinforces
that Richardson Wealth has become a leading destination for top
quality teams. We believe the investments we have made in our
business to better serve advisors and their clients, combined with
our strong brand and independent values, are paying off and that we
are set to accelerate our recruiting growth," said Natalie Bisset, SVP, Head of Corporate
Development.
To learn more about the Company, please
visit our website to view our 2023 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 $37.1
billion in assets under administration (as of May 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.
SOURCE RF Capital Group Inc.