TORONTO, Dec. 2, 2024
/CNW/ - RF Capital Group Inc. (the Company) (TSX: RCG) today
reported preliminary month-end assets under administration (AUA) of
$40.2 billion as of November 30, 2024, up $0.8
billion or 2.2% from last month and $5.0 billion or 14.2% 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.
Dave Kelly, the Company's
President and CEO, commented: "Last week, we achieved a major
milestone in our company's journey. We hit $40 billion in AUA for the first time in
our history." Mr. Kelly continued, "As the engines of our
success, our advisory teams' perseverance and commitment during
challenging times led us to this meaningful moment for Richardson
Wealth. They are to be congratulated for all they do for their
clients."
|
AUA ($
billions)
|
November 30,
2024
|
October 31,
2024
|
% Change
Month-Over-Month
|
|
AUA1
|
$40.2
|
$39.4
|
2.2 %
|
|
1.
|
Assets under
administration (AUA) is a measure of client assets and is common in
the wealth management industry. AUA represents the market value of
client assets administered by Richardson Wealth Limited, including
U.S. RIA, off-book, and Connected Wealth assets on which the
Company earns commissions and fees.
|
To learn more about the Company, please visit our website to view
our latest third quarter 2024 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
$40.2 billion in assets under
administration (as of November 30,
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. For the seventh year in a row,
Richardson Wealth has been certified as a "great place to work" by
Great Place to Work®, a global authority on workplace culture. For
further information, please visit www.rfcapgroup.com and
www.RichardsonWealth.com.
SOURCE RF Capital Group Inc.