TORONTO, Sept. 3,
2024 /CNW/ - RF Capital Group Inc. (the Company)
(TSX: RCG) today reported preliminary month-end assets under
administration (AUA) of $38.3 billion
as of August 31, 2024, consistent
with last month, up $3.1 billion or
8.8% since year-end 2023. AUA is a key performance indicator and
one of the financial measures used by management, investment
advisors and the Company's shareholders to assess operating
performance.
|
AUA ($
billions)
|
August 31,
2024
|
July 31,
2024
|
% Change
Month-
Over-Month
|
|
AUA1
|
$ 38.3
|
$38.3
|
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 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 August 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.