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Highest-Ever AUA and Fee-Based Revenue Fuels Third Quarter 2021 Results



Toronto, November 5, 2021
- RF Capital Group Inc. (RF Capital or the Company) (TSX: RCG) today reported quarterly revenue of $79.7 million, record quarterly assets under administration (AUA) of $34.4 billion and adjusted consolidated EBITDA2 of $13.0 million for the third quarter ended September 30, 2021. Adjusted EBITDA2 in our Wealth Management Segment was $14.8 million in Q3 2021 (including $14.0 million at Richardson Wealth).

“In less than six months since we announced our strategy at our AGM, we have delivered on many of our promises and posted record results while doing so. This quarter was no different. We announced a transaction with Fidelity that will enhance our advisor and client experience by providing them access to a world class digital and custodial platform and it will also result in just under $10 million in operating synergies in the first year following adoption of their platform. We also secured a $200 million credit facility to accelerate our growth and invest in our platform, and we reported highest ever AUA of $34.4 billion and recruiting pipeline of $15 billion. All of this has started to show up in our operating results and the number of high quality advisory teams joining our firm,” said Kish Kapoor, President and CEO.

Commenting further, Mr. Kapoor said, “Our Q3 results demonstrate the effectiveness of both our strategy and our execution. We ended the third quarter with record fee-based revenue (which is now 90% of all commissionable revenue), our highest-ever quarterly AUA and adjusted EBITDA in our Wealth Management segment was $14.8 million. Doubling down on the support we provide advisors, and their clients is clearly resonating with people inside and outside our firm, with a record five new advisors joining our firm this quarter alone (our highest quarterly recruiting total in nearly a decade).”

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RF Capital Reports Record AUA of $35.7 Billion for October 2021

Toronto, November 1, 2021 – RF Capital Group Inc. (the Company) (TSX: RCG) today reported record preliminary month-end assets under administration (AUA) of $35.7 billion as of October 31, 2021.  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.  


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