- Oops!Something went wrong.Please try again later.
Up $834 million compared with February 2021 and up $1.9 billion in the first quarter of 2021
TORONTO, April 1, 2021 /CNW/ - RF Capital Group Inc. (the Company) (TSX: RCG) today reported preliminary record assets under administration (AUA) of $32.7 billion as at March 31, 2021, which represents an all-time high for the Company. AUA is a key performance indicator and one of the financial measures used by management, investment advisors and the Company's shareholders to assess operating performance.
AUA ($ billions)
Represents wealth management assets at Richardson Wealth Limited, including U.S. RIA, off-book, and Connected Wealth assets on which the Company earns fee income. The comparative figure for February 2021 has been restated to conform to March 2021 presentation.
The Company cautions that AUA is considered to be a non-GAAP financial measure. This measure does not have any standardized meaning prescribed by GAAP under IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers.
ABOUT RF CAPITAL GROUP INC.
RF Capital Group Inc. (RF Capital) currently operates through two business segments: Wealth Management and Operations Clearing; and a Corporate segment. Wealth Management consists of RF Capital's wholly owned subsidiary Richardson Wealth. Richardson Wealth is one of the largest independent wealth management firms in Canada with $32.2 billion in assets under administration (as at March 31, 2021) and 19 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. Richardson Wealth 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™ for the past three years and a Great Place to Work for Women in 2021. Operations Clearing, through RF Securities Clearing LP, provides carrying broker services to Richardson Wealth and other third parties, including trade execution, clearing, settlement, custody, and certain other middle- and back-office services, and other expenses associated with providing such services. RF Capital is listed on the Toronto Stock Exchange under the symbol "RCG". For further information, please visit our corporate website at www.rfcapgroup.com and www.RichardsonWealth.com.
SOURCE RF Capital Group Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2021/01/c2930.html