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Richardson Wealth Recognized Again for Great Workplace Culture

TORONTO, April 27, 2022 - RF Capital Group Inc. (TSX: RCG) is proud to announce that its wholly-owned subsidiary Richardson Wealth Limited (Richardson Wealth) was named on the 2022 list of Top 50 Best Workplaces™ in Canada for organizations with 100-999 employees by Great Place to Work®, a global authority on workplace culture. Today marks the third time Richardson Wealth has received this accolade.

“This recognition is an undeniable signal that as our company expands, our people firmly believe in our culture and values. Purpose and service drive the culture we have created. And our values of courage, kindness, belonging and trust, as well as our standard of excellence in all we do, are the foundation of our continued success,” says Kish Kapoor, President and Chief Executive Officer. “We are proud that our people shared their voices and are noticing the strides we are making toward our commitment to diversity, equity and inclusion, and growing the number of women at our firm,” says Kapoor.

The Best Workplaces™ in Canada is a substantial study on Canadian business culture and employee experience. Great Place to Work® Canada surveys over 600 organizations with 130,000 employees taking part, across multiple industries and company sizes. Through a confidential survey, employees share their feedback on their organization’s culture.

“Providing an exceptional workplace experience is a must in today’s world of change. Our people-centric culture allows us to develop new ways to meet the needs of an evolving industry and workforce,” says Lynne Brejak, Senior Vice President, Chief People Officer. “The survey was taken during the second year of the pandemic, and we’re pleased the results show how connected our employees stayed to our culture and values during this time. This is also reflected in our recognition as one of the Best Workplaces™ for Hybrid Work earlier this year.”  

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RF Capital to Announce Q1 22 Results and Host Virtual AGM on May 4, 2022

TORONTO, ON. (April 5, 2022) – RF Capital Group Inc. (the Company) (TSX:RCG) will release its first quarter 2022 financial results and hold its annual general meeting of common shareholders (in virtual format) on Wednesday, May 4, 2022 (the Meeting). First quarter results will be released at approximately 7:00 a.m. (EST). The Meeting will be held that morning at 10:30 a.m. (EST).

A description of the matters to be addressed at the Meeting are included in the meeting materials, as defined below.


All shareholders will have the opportunity to participate in the Meeting online. Only registered shareholders and duly appointed proxyholders will be able to ask questions and vote in real time at the Meeting. Unregistered shareholders, guests and media will be able to listen and view online via the live webcast available at the same link. Shareholders who hold their common shares with a bank, broker or financial intermediary and wish to vote at the Meeting must carefully follow the instructions provided by their intermediary.

Delivery of Proxy Material – Notice and Access

For the first time, this year, as permitted by Canadian securities regulators (CSA), the Company is using “notice-and-access” to deliver its latest management information circular, related proxy materials, and annual report (the meeting materials) to both registered and non-registered Shareholders via the Internet. This means that, instead of sending the meeting materials by mail, the Company has posted the meeting materials online for you to access at either www.meetingdocuments.com/TSXT/RCG, on our corporate website www.rfcapgroup.com and on SEDAR at www.sedar.com. Notice-and-access gives shareholders faster access to the meeting materials, reduces the Company’s printing and mailing costs, and is environmentally friendly as it reduces paper and energy consumption.

 

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RF Capital Reports Record AUA of $37.1 Billion for March 2022

Toronto, April 1, 2022 – RF Capital Group Inc. (the Company) (TSX: RCG) today reported record preliminary month-end assets under administration (AUA) of $37.1 billion as of March 31, 2022; an increase of $514 million from February 28, 2022. 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 Completes Common Share Consolidation

TORONTO, March 30, 2022 – RF Capital Group Inc. (Company) (TSX: RCG) today announced that it has completed the previously announced consolidation of its common shares (the Common Shares) on the basis of ten (10) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the Consolidation).

Immediately prior to the Consolidation, the Company had 158,714,254 Common Shares issued and outstanding.  Following the Consolidation, the Company will have 15,871,426 Common Shares issued and outstanding. The Common Shares will continue to be listed on the Toronto Stock Exchange under the symbol “RCG” and are expected to begin trading on a post-Consolidation basis when the market opens on March 30, 2022. The new CUSIP and ISIN numbers for the Common Shares are 74971G401 and CA74971G4016, respectively. 

The Company’s transfer agent, TSX Trust Company, has sent a letter of transmittal to the registered holders of the Common Shares. The letter of transmittal contains instructions on how to surrender Common Share certificates representing pre-Consolidation Common Shares to the transfer agent. Shareholders can obtain a copy of the letter of transmittal under the Company’s SEDAR profile at www.sedar.com. The transfer agent will forward to each registered shareholder who has sent the required documents a new Common Share certificate representing the number of post-Consolidation Common Shares to which the registered shareholder is entitled. If shareholders hold their Common Shares through an intermediary and they have questions in this regard, they are encouraged to contact their intermediaries.

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RF Capital Ends Transformational Year with Record AUA, Revenue, and Adjusted

  • Building blocks to support accelerated long-term value creation in place

  • Growth momentum heading into 2022

  • Announced Normal Course Issuer Bid and Share Consolidation

Toronto, March 4, 2022 - RF Capital Group Inc. (RF Capital or the Company) (TSX: RCG) today reported record revenue and tight expense management, which fuelled full year 2021 consolidated Adjusted EBITDA5 of $50.8 million. Total revenue grew to $329 million, driven largely by record recurring fee revenue. Assets under administration (AUA) ended the year at an all-time high of $36.8 billion. Adjusted EBITDA5 in the Wealth Management segment was $59.2 million in 2021 (including $56.8 million at Richardson Wealth). The Company’s performance benefited from the fact that its Richardson Wealth subsidiary registered an operating expense ratio5,7 of 67.7%, a six percentage point improvement from 2020. The Company’s full year reported net loss was $20.2 million, which included $34.4 million of pre-tax transformation charges and other provisions ($27.5 million after-tax).

Fourth quarter revenue of $86.1 million was up 42% from Q4 last year and 8% from Q3 of 2021. Consolidated Adjusted EBITDA5 was $12.3 million and reported net loss was $2.4 million in Q4 2021. Adjusted EBITDA5 in our Wealth Management segment was $14.4 million this quarter (including $13.6 million at Richardson Wealth). Excluding expenses related to compensation program changes in our private client capital markets group, as discussed in the Q4 and 2021 Items of Note section in this press release, consolidated Adjusted EBITDA4 would have been $13.7 million in Q4 and Adjusted EBITDA4 at Richardson Wealth would have been $15.0 million.

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RF Capital Reports AUA of $36.6 Billion for February 2022

Toronto, March 2, 2022 – RF Capital Group Inc. (the Company) (TSX: RCG) today reported preliminary month-end assets under administration (AUA) of $36.6 billion as of February 28, 2022. 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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Richardson Wealth Donates $50,000 to Empower Black communities in Canada

TORONTO, February 1, 2022 - Richardson Wealth Limited (Richardson Wealth), a wholly owned subsidiary of RF Capital Group Inc. (TSX: RCG) announced today a $50,000 donation to the Black Opportunity Fund (BOF). This donation will support the charitable organization in its powerful mission to help Black communities reach greater economic and social success.

“As a founding member of Black Opportunity Fund, I am proud of Richardson Wealth’s continued commitment to elevating Black communities in Canada,” says Michael Williams, SVP, Chief Risk Officer. “By putting a spotlight on the unique — and often misunderstood — challenges Black people face with the entrenchment of anti-Black systemic racism, we can drive critical initiatives and lead conversations that mobilize real and sustainable change.”

“We are grateful to Richardson Wealth for their generous donation. Their continued support for Black Opportunity Fund is a positive endorsement of the mission and mandate that drives us forward as we collectively work to combat anti-Black racism and promote economic empowerment in Black communities across Canada. We look forward to continuing to grow this important partnership,” says Craig Wellington, Executive Director, Black Opportunity Fund.

Richardson Wealth champions diversity, equity and inclusion and supports initiatives aimed at creating conditions that help Black communities build and sustain generational wealth.

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RF Capital to Announce Fourth Quarter and Year-End 2021 Results March 4, 2022

TORONTO, ON. (February 4, 2022) – RF Capital Group Inc. (RF Capital) (TSX: RCG) will release its fourth quarter and fiscal 2021 financial results and host an earnings conference call on Friday, March 4, 2022.  Financial results are expected to be released at approximately 7:00 a.m. (EST).

Fourth Quarter 2021 Conference Call and Webcast

A conference call and live audio webcast to discuss RF Capital’s fourth quarter and fiscal 2021 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: 2556699#. 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 Monday, April 4, 2022, by dialing 905-694-9451 or
1-800-408-3053 (toll free) and entering access code 7889591#. The webcast will be archived at www.rfcapgroup.com/Investor-Relations/Quarterly-Information.

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Richardson Wealth Partners with Women's Executive Network by sponsoring Prestigious Women of Courage Award

TORONTO, Feb. 2, 2022 /CNW/ - Richardson Wealth Limited (Richardson Wealth), a wholly owned subsidiary of RF Capital Group Inc. (TSX: RCG) (RF Capital), is honoured to join forces with Women's Executive Network by sponsoring the 2022 and 2023 Women of Courage Award. This award is presented to extraordinary women who champion our country and its values across a diverse range of causes, with courage and compassion, even if it means risking their careers, reputations and, sometimes, their lives.

"For Richardson Wealth, this is reflective of our cultural values that began with Muriel Sprague Richardson, an exceptional woman of courage," says Kish Kapoor, President and CEO, RF Capital Inc. "Muriel became the fifth President of James Richardson & Sons Limited in 1939 and demonstrated remarkable bravery during times of adversity and difficulty. Her legacy continues to inspire us to advocate fiercely for the advancement of women."

Past recipients of Women of Courage award include The Honourable Rona Ambrose, Nathalie Fagan, Lieutenant Colonel Tania Maurice, Chief Petty Officer First Class Alena Mondelli, Samra Zafar and in memoriam, Captain Jenn Casey, Sub-Lieutenant Abbigail Cowbrough and Constable Heidi Stevenson.

"We are proud to partner with like-minded companies such as Richardson Wealth that demonstrate a profound commitment to empowering women and creating diverse and inclusive work environments," says Sherri Stevens, owner and CEO, Women's Executive Network.

"Richardson Wealth is attracting strong, talented women because they are seeing that we recognize the immense value of diverse perspectives and experiences," says Lynne Brejak, SVP, Chief People Officer. "With our alignment to the Women's Executive Network's Diversity Council through this meaningful sponsorship, we will continue to redefine what it means to be courageous; and in doing so, we will attract even more women to our incredible company."

Richardson Wealth expects its advisor population will be 50% female within five years, a massive undertaking in a male-dominated industry.  Within the last year, the firm added several women to senior leadership positions and to its board of directors.

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RF Capital Reports AUA of $36.5 Billion for January 2022

Toronto, February 2, 2022 – RF Capital Group Inc. (the Company) (TSX: RCG) today reported record preliminary month-end assets under administration (AUA) of $36.5 billion as of January 31, 2022. AUA decreased by 1% in the month of January compared with record AUA in December due to market volatility. 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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