Toronto, February 16, 2021 – RF Capital Group Inc. (“RF Capital” or the “Company”) (TSX: RCG) today announced that Andrew Marsh has decided to step down effective March 31, 2021 as President and Chief Executive Officer of Richardson Wealth Limited (“Richardson Wealth”), a wholly-owned subsidiary of RF Capital.
“I have truly enjoyed the rare opportunity to build the leading entrepreneurial, independent competitor in Canada’s wealth management industry,” said Mr. Marsh. “As Richardson Wealth embarks on the next chapter, the best thing for me and the firm is to pass the baton to the very capable leadership team currently being assembled by Kish Kapoor. My ongoing role will be as a significant and supportive shareholder, and as an ambassador for Richardson Wealth. I believe the firm we have built together has a very exciting and prosperous future thanks to the spirit and talent of our team, and I will be cheering them on.”
During Mr. Marsh’s 17 years of leadership at the firm, including 11 as CEO, Richardson Wealth grew to more than $30 billion of assets under management, with a national platform and 19 offices across Canada. Mr. Marsh oversaw the merger of GMP Private Client with Richardson Partners Financial, the acquisition of Macquarie Private Wealth Inc. and the addition of many talented advisors to the firm.
TORONTO, ON. (February 12, 2021) – RF Capital Group Inc. (RF Capital) (TSX:RCG) will release its fourth quarter and fiscal 2020 financial results and host an earnings conference call on Friday, March 5, 2021. Financial results are expected to be released at approximately 7:00 a.m. (EST).
FOURTH QUARTER 2020 CONFERENCE CALL AND WEBCAST
A conference call and live audio webcast to discuss RF Capital’s fourth quarter and fiscal 2020 results will be held that morning at 10:00 a.m. (EST). The call will be open to the public. Interested parties are invited to access the quarterly conference call on a listen-only basis by dialing 416-406-0743 or 1-800-898-3989 (toll free) and entering a participant passcode: 8641223#. The conference call will also be accessible as a live audio webcast through the Investor Relations section of our website at www.rfcapgroup.com/Investor-Relations/Quarterly-Information.
A recording of the conference call will be available until Sunday, April 4, 2021, by dialing 905-694-9451 or 1-800-408-3053 (toll free) and entering access code 3500355#. The webcast will be archived at www.rfcapgroup.com/Investor-Relations/Quarterly-Information.
Toronto, February 9, 2021 – RF Capital Group Inc. (“RF Capital”) (TSX: RCG) today announced that its wholly owned subsidiary Richardson Wealth Limited (“Richardson Wealth”) and Bloom Burton & Co. Inc. (“Bloom Burton”), two of Canada's premier independent financial services firms, have entered into a strategic alliance dedicated exclusively on the healthcare sector.
This strategic alliance helps unlock growth potential for both firms. Richardson Wealth expands an already broad shelf of wealth solutions by providing advisors and their high net worth clients preferred access to Bloom Burton’s leading healthcare-specialized research, investment ideas, new issues, investment funds and investor events. Meanwhile, Bloom Burton’s issuer clients and institutional investors will benefit from the investment capacity and expertise of Richardson Wealth’s established and growing network of professional, experienced, and knowledgeable investment advisors. The firms also contemplate extensive cross-referral opportunities to better serve their clients.
"Our talented investment advisors and their clients are front and center to everything we do. Our top priority is to continue supporting them by providing access to a broad and growing suite of innovative wealth management solutions to deliver a differentiated client experience. This powerful alliance with Bloom Burton, and its leadership and expertise in the essential and growing healthcare sector, perfectly complements that commitment to advisors. Bloom Burton covers dozens of healthcare companies in the biotechnology, pharmaceutical, medical technology and healthcare services sectors, and they are at the top of every Canadian healthcare league table for financings and corporate advisory”, said Kish Kapoor, President and CEO of RF Capital Group Inc.
Brian Bloom, Chairman and CEO of Bloom Burton commented, "With over 19 Canadian locations, high calibre investment advisory teams, 32,000 clients and over $30 billion in client assets, Richardson Wealth is the ideal partner for Bloom Burton as we support the Canadian healthcare sector together. We look forward to having greater access to capital and networks, as we partner with one of Canada’s leading independent investment firms.”
Toronto, February 2, 2021 – RF Capital Group Inc. (“RF Capital”) (TSX: RCG) today reported assets under administration (“AUA”) at Richardson Wealth Limited (Richardson Wealth) of $30.6 billion as at January 31, 2021. AUA is a key performance indicator and one of the financial measures used by management, investment advisors and RF Capital shareholders to assess Richardson Wealth’s operating performance.
Toronto, January 25, 2021 – RF Capital Group Inc. (“RF Capital” or the “Company”) (TSX: RCG) today announced the appointment of Tim Wilson as Chief Financial Officer (“CFO”) following a comprehensive internal and external search process. Mr. Wilson will join the Company effective April 5, 2021.
“We are thrilled to welcome a person of Tim's calibre to our leadership team" said, Kish Kapoor, President and Chief Executive Officer of RF Capital. "He possesses a profound understanding of organizational transformation and has considerable experience in building a world class financial organization. His proven track record of delivering profitable growth and improving operational performance is especially relevant to our business today and as we chart the path to future success.”
Mr. Wilson spent the last nine years as Chief Financial Officer of Equitable Bank. During his tenure at the company, he also had accountability for the legal, corporate development, investor relations and technology teams. Mr. Wilson helped Equitable Bank to achieve the highest growth rate of any publicly traded Canadian bank by effectively supporting its challenger bank mission. Over his time with the company, revenue grew by 13% annually to $1.2 billion and earnings by 17% annually to over $200 million. Prior to Equitable Bank, Mr. Wilson was President of Visa Canada, leading the transformation and streamlining of their Canadian operations. Before joining Visa, he was Vice President of Finance in the retail banking division of a large Canadian bank and a management consultant at Monitor Group.
Mr. Wilson has an MBA from Harvard University, a Bachelor of Commerce from Queen’s University and is a Chartered Professional Accountant.
Toronto, January 21, 2021 – RF Capital Group Inc. (“RF Capital” or the “Company”) (TSX: RCG) today announced that Nathalie Bernier has been appointed as an independent member to the Company’s board of directors (the “Board”), effective immediately.
Ms. Bernier brings extensive experience and expertise in the areas of transformation and implementation of innovative growth strategies as well as strong financial, governance and risk acumen acquired over a distinguished career that spans more than 30 years at global multi-services professional firms and one of Canada’s largest pension investment managers.
- Strengthens Board representation in key francophone market
- The Board now comprised of eight directors (including two female directors), six of whom are independent
Toronto, January 5, 2021 – RF Capital Group Inc. (“RF Capital”) (TSX: RCG) today reported assets under administration (“AUA”) at Richardson Wealth Limited (Richardson Wealth) of $30.3 billion. AUA is a key performance indicator and one of the financial measures used by management, investment advisors and RF Capital shareholders to assess Richardson Wealth’s operating performance.
Toronto, December 16, 2020 – RF Capital Group Inc. (“RF Capital”) (TSX: RCG) today announced that Joseph Bakish, Director, Wealth Management, Portfolio Manager and Investment Advisor at Richardson Wealth in Pointe Claire, Quebec has won the Investment Industry Association of Canada’s Top 40 Under 40 Award for 2020. The award celebrates talented young professionals with proven leadership and demonstrated excellence in the investment industry.
Joseph has built an accomplished advisor practice by putting the best interests of his clients at the forefront of his objectives. Joseph and the Bakish Wealth Management team joined Richardson Wealth in 2015 to provide its clients with access to a wider universe of investment options, better technology and more transparency and clarity regarding cost and performance. Joseph specializes in dealing with the wealth complexities physicians face, making the counsel of healthcare professionals a cornerstone of his practice. He holds the Chartered Financial Analyst, Chartered Life Underwriter, Certified Financial Planner and Certified Health Insurance Specialist designations.
Toronto, December 3, 2020 – RF Capital Group Inc. (“RF Capital” or the “Company”) (TSX: RCG) today announced that David Leith has been appointed as an independent member to the Company’s board of directors (the “Board”), effective immediately. Following his appointment, the Board will comprise seven directors, five of whom are independent.
Mr. Leith joins RF Capital’s Board following a distinguished career as an investment banker and corporate director, serving on numerous public and private boards. Most recently, he served as Lead Director of Hudson’s Bay Company until March 2020. From 2009 until 2017 he was the Chair of the Board of Manitoba Telcom Services Inc. until the company’s acquisition by Bell Canada. Mr. Leith was also the inaugural Chair of the Board of the Investment Management Corporation of Ontario (IMCO), which provides fund management services to clients in the broader public sector in Ontario, from 2016 to 2019. Mr. Leith is also the Chair of the Treasury Risk Oversight Committee of the Province of Manitoba.
Toronto, December 2, 2020 – RF Capital Group Inc. (“RF Capital”) (TSX: RCG) today announced it will commence reporting assets under administration (“AUA”) at Richardson Wealth Limited (Richardson Wealth) on a monthly basis as opposed to quarterly. AUA is a key performance indicator and one of the financial measures used by management, investment advisors and RF Capital shareholders to assess Richardson Wealth’s operating performance.