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RF Capital Reports Second Quarter Results

Toronto, July 30, 2021 - RF Capital Group Inc. (RF Capital or the Company) (TSX: RCG) today reported quarterly revenue of $79.1 million, record assets under administration (AUA) of $34 billion and adjusted consolidated EBITDA of $13.3 million for the quarter ended June 30, 2021.

“We continue to break records month-after-month, ending Q2 with record AUA of $34 billion, record fee-based revenue, and a record recruiting pipeline.  Adjusted EBITDA at Richardson Wealth nearly doubled to $15.1 million in Q2 2021 from $8.2 million in Q2 of last year, and increased 7% from the $14.1 million recorded in Q1 2021.  These strong results reflect the tremendous collaborative effort at every level of our organization to make us the brand of choice for Canada’s top advisors and their clients”, said Kish Kapoor, President and CEO.

Commenting further, Mr. Kapoor said, “Our bold and audacious growth strategy is gaining momentum.  As a result of the many organic growth initiatives underway, we have elevated the advisor experience and enhanced the recruiting value proposition for Canada’s top advisors.  All of this will have long-lasting and positive implications on value creation for all stakeholders.”

[1] Richardson Wealth’s operating results pre-October 20, 2020 are for reference purposes and were not fully consolidated into RF Capital’s financial statements.
[2] Adjusted results are considered to be a non-GAAP financial measure. Such measures do not have any standardized meaning prescribed by GAAP under IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. For further information please read the “Presentation of Financial Information and Non-GAAP Measures” at the end of this press release.

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Richardson Wealth Adds Significant Talent to its National Tax and Estate Planning Team

TORONTO, July 26, 2021 /CNW/ - RF Capital Group Inc. (TSX: RCG) announced today that Christopher J. Curtis, Alysha To and Matthew Castling have joined the national Tax and Estate Planning team, supporting the Western Canadian Region of its wholly-owned subsidiary, Richardson Wealth Limited.

“Tax and estate planning is a cornerstone of our wealth management offering. These key hires have the necessary skills and experience to provide incredible value to our advisors and high-net-worth clients in Western Canada. By choosing Richardson Wealth for the next chapter of their careers, they signal that our bold growth initiative to attract the industry’s top talent is succeeding,” says Kish Kapoor, President and Chief Executive Officer.

Mr. Curtis will serve as Vice President, Western Region, Winnipeg, and brings significant accounting and legal experience to Richardson Wealth. He was previously an accountant in private practice, and after being called to the Manitoba Bar, he joined Canada Life as in-house counsel. His subsequent years working as a wealth and tax planning consultant will be particularly beneficial to our advisory teams.

Joining us as a Senior Financial Planner, Western Region, Vancouver, Ms. To will provide our clients with comprehensive wealth services, including expert insights on tax, intergenerational wealth transfer, philanthropy, and strategic retirement and estate planning. Alysha joins us from Canaccord and is an active member in the industry, serving as Chair of the Programs Committee for the Society of Trust and Estate Practitioners (STEP) Vancouver Executive. She also serves as a mentor to students through various organizations, including Junior Achievement of British Columbia.

Mr. Castling joins us as a highly experienced Financial Planner, Western Region, Calgary. Having started his financial planning career in 2013, he has consistently progressed to work on more complex and sophisticated planning for high-net-worth families. His career path started at T.E. Wealth and progressed through various positions at banking institutions in British Columbia. In addition to holding the Certified Financial Planner (CFP®) designation, Matthew has a Bachelor of Business Administration and Diploma of Technology (Personal Financial Planning) from the British Columbia Institute of Technology.

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RF Capital to Announce Second Quarter 2021 Results July 30, 2021

TORONTO, ON. (July 13, 2021) – RF Capital Group Inc. (TSX: RCG) will release its second quarter 2021 financial results on Friday, July 30, 2021 at approximately 7:00 a.m. (EST).

 

SECOND QUARTER CONFERENCE CALL

A conference call and live audio webcast to discuss RF Capital’s second quarter 2021 results will be held that morning at
10:00 a.m. (EST). 
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 participant passcode 5808679#, or via live audio webcast at https://rfcapgroup.com/Investor-Relations/Quarterly-Information. A recording of the conference call will be available until Monday, August 30, 2021, by dialing 905-694-9451 or 1-800-408-3053 (toll free) and entering access code 2087125#. The webcast will be archived at https://rfcapgroup.com/Investor-Relations/Quarterly-Information.

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Jan Sampson Joins Richardson Wealth to Support Ambitious Growth Agenda

TORONTO, July 5, 2021 /CNW/ - RF Capital Group Inc. (TSX: RCG) (the Company) announced today that Jan Sampson has joined as Director, Operations for its wholly owned subsidiary, Richardson Wealth Limited (Richardson Wealth).

Ms. Sampson joins the Company from CI Financial where she was Senior Vice President, Client Experience. Prior to that, she was Vice President, Channel Initiatives at Assante Wealth Management. With a continually escalating, multi-disciplinary background, Jan has exceptional experience in the financial services industry and proven ability to innovate, drive operational effectiveness and deliver improved results.

"Jan is a results-driven professional with considerable hands-on experience building and leading teams through organizational transformation, acquisitions and corporate growth. Her incredible capacity to drive critical change makes her an excellent fit as we accelerate the execution of our digital transformation agenda and growth initiatives" said Kish Kapoor, President and Chief Executive Officer. "Jan's appointment is another example of our commitment to add bench strength to an already impressive team of top talent to help us deliver on our promise to continually enhance the advisor and client experience."

Jan is also an advocate of Diversity & Inclusion as a founding member of an employee mentoring program for women and volunteering with organizations such as NEXT Canada and the Children's Aid Foundation of Canada. This important work also aligns to Richardson Wealth values.

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RF Capital Reports Record AUA of $34 Billion for June 2021

Toronto, July 5, 2021 – RF Capital Group Inc. (the Company) (TSX: RCG) today reported preliminary month-end assets under administration (AUA) of $34.0 billion as at June 30, 2021, which represents another 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.   

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RF Capital Announces Retirement of Julie Lassonde From Board of Directors

TORONTO, July 2, 2021 /CNW/ - RF Capital Group Inc. (the Company) (TSX: RCG) today announced Julie Lassonde is retiring from the Company's Board of Directors (the Board) to focus more time on the extensive business interests of the Lassonde family, the Pierre Lassonde Family Foundation, and her other philanthropic and social impact initiatives.  Ms. Lassonde has served on the Board since 2018, served as the chair of the Governance Committee and was a member of the Audit Committee.  Following today's announcement, the Company's Board is comprised of 10 members.

Don Wright, Chair of the Board said, "Julie's strategic insights and active engagement have helped guide our transformation into the leading independent wealth management-focused firm we are today.  She played an instrumental role as a member of the independent Special Committees that oversaw the sale of our legacy capital markets business and the consolidation of Richardson Wealth.  Julie was also involved with the recent addition of significant new talent to our Board.  On behalf of the Board, I extend our gratitude and best wishes to Julie."

Julie Lassonde said, "It has been a privilege to work alongside such talented and dedicated Board members.  I am happy that RF Capital (and its extended Richardson Wealth family) now has a bold and audacious growth strategy, considerable operating momentum and a highly experienced leadership team in place to deliver on its promises."

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