TORONTO, Aug. 1, 2024
/CNW/ - RF Capital Group Inc. (the Company) (TSX: RCG) today
reported record preliminary month-end assets under administration
(AUA) of $38.3 billion as of
July 31, 2024, up $1.2 billion or 3.0% from last month and
$3.1 billion or 8.6% since year-end
2023. AUA is a key performance indicator and one of the financial
measures used by management, investment advisors and the Company's
shareholders to assess operating performance.
|
AUA ($
billions)
|
July 31,
2024
|
June 30,
2024
|
% Change Month-
Over-Month
|
|
AUA1
|
$ 38.3
|
$37.1
|
3.0 %
|
|
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 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 second quarter 2024 earnings release,
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
$38.3 billion in assets under
administration (as of July 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.