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RF Capital Reports Record AUA of $33.2 Billion for April 2021

Toronto, May 4, 2021 – RF Capital Group Inc. (the Company) (TSX: RCG) today reported preliminary assets under administration (AUA) of $33.2 billion as at April 30, 2021, which represents an 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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Richardson Wealth Named as Finalists for 2021 Wealth Professional Awards

TORONTO – April 28, 2021 - RF Capital Group Inc. (TSX: RCG) is pleased to announce that five advisors of its wholly owned subsidiary Richardson Wealth Limited (Richardson Wealth) are finalists for the upcoming 2021 Wealth Professional Awards, the leading independent awards program for the wealth management industry.

 

Over the last year, these advisors have been nominated for their outstanding leadership in five categories:

 

  1. Canadian Advisor of the Year: Ida Khajadourian
  2. Advisor of the Year – Alternative Investments: Francis Sabourin, Ida Khajadourian & Rory O'Connor
  3. Advisor of the Year – Responsible Investments: Francis Sabourin
  4. Portfolio/ Discretionary Manager of the Year: Francis Sabourin & Marc Dalpé
  5. Excellence in Philanthropy and Community Service: Jonathan Ross

 

Commenting on the finalists, Kish Kapoor, President and Chief Executive Officer, said, “We are a firm of incredibly strong advisors so it’s no surprise our professionals are being recognized for their leadership in such a wide range of categories. Being nominated is wonderful recognition of the incredible work they are doing for their clients and their communities. We congratulate them on a job very well done.”

 

Winners will be announced at the celebratory awards show on June 3, 2021. More information can be found at https://wpawards.ca/

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RF Capital Continues Enhancing Board Strength with Nomination of Three Additional Highly Qualified Candidates

Toronto, April 26, 2021 - RF Capital Group Inc. (TSX: RCG) announced today the nomination of Vincent Duhamel, Jane Mowat, and Sandy Riley to stand for election to the Company’s board of directors (Board) together with the Company’s eight current directors at its upcoming virtual annual shareholder meeting to be held on May 26, 2021. 

 

Mr. Duhamel, until 2020, was Fiera Capital’s Global President and Vice-Chair, where he played a significant role in strategic acquisitions as a member of that firm’s strategic development committee.  He is a highly accomplished financial services executive with three decades of senior leadership experience at major international investment firms.  Prior to joining Fiera Capital, Mr. Duhamel was Partner and CEO at asset manager Lombard Odier in Asia, CEO of State Street Global Advisors Asia, and a former Managing Director of Goldman Sachs Asset Management in Asia.    

 

Ms. Mowat is a seasoned corporate director and a former technology executive.  She was the former lead director of Via Rail Canada Inc., former CFO of TSX-listed software company, Centrinity, and former General Manager, IBM Americas.  Ms. Mowat also brings extensive corporate finance and acquisition expertise.

 

Mr. Riley is currently CEO of Richardson Financial Group Limited, the Company’s largest shareholder.  He brings significant wealth management expertise to the Company as co-founder of one of the predecessor firms to Richardson Wealth and past Chair, President and CEO of Investors Group Inc.   

 

Don Wright, Chair of the Board commented, “We are delighted that Vincent, Jane and Sandy have chosen to join our Company at a time when we are inspiring Canada’s top advisors to make Richardson Wealth their brand of choice during the current renaissance for independent wealth managers. With the nomination of these highly sought-after director candidates, we have taken another important step toward supporting and advancing our bold and ambitious transformational growth agenda.   Core to this transformation is a highly engaged, majority independent and resolute Board.  And, significant growth momentum over the past six months evidence that we remain on the right track, with the right plan and a powerful brand to unlock our Company’s full potential.”

 

The Board will be comprised of eleven directors following the annual shareholder meeting, subject to shareholder approval, nine of whom will be independent.

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Dean Manjuris joins Richardson Wealth as Vice Chair to Support Ambitious Growth Strategy

Toronto, April 19, 2021 - RF Capital Group Inc. (TSX: RCG) announced today the appointment of Dean Manjuris to the newly created position of Vice-Chair for its wholly owned subsidiary, Richardson Wealth Limited (Richardson Wealth). Mr. Manjuris will join the company effective May 3, 2021.

 

Kish Kapoor, President and Chief Executive Officer commented, “We are thrilled to have Dean join our leadership team. His extensive knowledge of the industry and his unparalleled experience working with advisors across Canada will be instrumental as we deliver on our promise to enhance our advisor experience, grow our business significantly and build upon the pre-eminent Richardson brand. Dean will play an important role in the execution of our strategic objectives designed to attract the best talent in the industry.”

 

Dean has almost three decades of senior leadership experience in financial services, including serving as Global Head, Full Service Investing BMO, then Vice-Chairman, BMO Nesbitt Burns for over a decade.  During that time, Dean was responsible for setting and executing the strategic direction of a company of 3,000 people. Under his leadership, the business grew by $90 billion. Dean commented “Richardson Wealth is a firm with massive potential for growth. Recently, Kish and his strong, proud and determined leadership team made a commitment to make the Richardson brand the only destination for their existing advisors and their high net worth clients, and the number one choice for Canada’s top advisors who are looking to move their practices to the right entrepreneurial culture and the right environment. I’m excited to be part of this work and help to advance this agenda.”

Dean has almost three decades of senior leadership experience in financial services, including serving as Global Head, Full Service Investing BMO, then Vice-Chairman, BMO Nesbitt Burns for over a decade.  During that time, Dean was responsible for setting and executing the strategic direction of a company of 3,000 people. Under his leadership, the business grew by $90 billion. Dean commented “Richardson Wealth is a firm with massive potential for growth. Recently, Kish and his strong, proud and determined leadership team made a commitment to make the Richardson brand the only destination for their existing advisors and their high net worth clients, and the number one choice for Canada’s top advisors who are looking to move their practices to the right entrepreneurial culture and the right environment. I’m excited to be part of this work and help to advance this agenda.”

 

Along with our other recent strategic hires, Dean will be an excellent addition to our team in this exciting new phase of growth at Richardson Wealth.

 

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RF Capital to Announce First Quarter 2021 Results

TORONTO, ON. (April 15, 2021) – RF Capital Group Inc. (TSX:RCG) will release its first quarter 2021 financial results on Monday, May 10, 2021 at approximately 7:00 a.m. (EST).

 

FIRST QUARTER CONFERENCE CALL

A conference call and live audio webcast to discuss RF Capital’s first 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 416-406-0743or 1-800-898-3989 (toll free) and entering participant passcode 3214531#, or via live audio webcast at https://rfcapgroup.com/Investor-Relations/Quarterly-Information. A recording of the conference call will be available until Thursday, June 10, 2021, by dialing 905-694-9451 or 1-800-408-3053 (toll free) and entering access code 2283108#. The webcast will be archived at https://rfcapgroup.com/Investor-Relations/Quarterly-Information.

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RF Capital Board Once Again Determines that it will Not Engage with Competitor's Unsolicited Proposal

Toronto, April 9, 2021 - RF Capital Group Inc. (TSX: RCG) (RF Capital or the Company) today announced, in response to an unsolicited April 6, 2021 follow-up letter from competitor Canaccord Genuity Group Inc. (Canaccord) regarding its previous unsolicited proposal for all of the outstanding shares of the Company, that its Board of Directors (the Board) has once again unanimously determined to not engage with Canaccord. The Board has again replied directly to Canaccord that a transaction with them is not in the best interest of the Company, its shareholders, advisors, clients, and other stakeholders.

The Board believes that the Company can best build value for shareholders by pursuing its independent growth strategy.

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Richardson Wealth Announces Doug Mair appointment to Alberta Securities Commission

Toronto, April 5, 2021 - RF Capital Group Inc. (TSX: RCG) today announced that Doug Mair, Director, Wealth Management and Investment Advisor at Richardson Wealth Limited (Richardson Wealth) in Calgary, was appointed to the Alberta Securities Commission (ASC) for a three-year term beginning
April 1, 2021. 

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering fair and efficient capital markets in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate, and harmonize the regulation of Canada's capital markets.

Commenting on this appointment, Kish Kapoor, President and Chief Executive Officer, said, "Doug is a highly accomplished professional and is recognized as an industry champion in the province of Alberta.  I am confident that Doug will be an outstanding addition to the ASC and the important role it plays in administering the province's securities laws.” 

Mr. Mair joined Richardson Wealth in 2004 as a founding partner in Calgary. He and The Mair/McIntyre Team and their clients were attracted to the Richardson family’s principles of professionalism, integrity, transparency, and respect. 

 

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RF Capital Reports Record AUA of $32.7 billion for March 2021

Toronto, April 1, 2021 – RF Capital Group Inc. (the Company) (TSX: RCG) today reported preliminary record assets under administration (AUA) of $32.7 billion as at March 31, 2021, which represents an 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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Richardson Wealth Named Best Workplace for Women

Toronto, March 26, 2021 - RF Capital Group Inc. (TSX: RCG) today proudly announced that its whollyowned subsidiary Richardson Wealth Limited (Richardson Wealth) was named on the 2021 list of Best Workplaces for Women by Great Place to Work™, a global authority on workplace culture.

Commenting on this recognition, Kish Kapoor, President and Chief Executive Officer, said, "Richardson Wealth has long been a champion of women’s financial empowerment at all levels of our organization and industry. In a recent survey, 95% of our employees acknowledged we are a diverse and inclusive workforce. Most rewarding is that this recognition is based on the direct feedback from the many talented women who already work for us today. I can’t think of a stronger endorsement than that of our own people who live our culture every day. Our people-first founding principle and culture ensure there are no barriers to ambition and that everyone has an equal opportunity to succeed at Richardson Wealth."

To be eligible for the Best Workplaces™ for Women list, organizations must be Great Place to Work Certified™ in the past year, headquartered in Canada and have a minimum of 15 female employees. At least 90% of employees must agree that people are treated fairly, regardless of gender. Great Place to Work™ determined the best based on female employees’ overall Trust Index score.

Richardson Wealth was previously also recognized as a Top 50 Workplace in Canada and Best Workplace for Financial Services in Canada.

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RF Capital Announces Conversion Results for its Cumulative Preferred Shares

TORONTO, ON (March 18, 2021) – RF Capital Group Inc. (TSX:RCG)(the Company) announced today that after having taken into account all election notices received by the March 16, 2021 conversion deadline in respect of the Cumulative 5-Year Rate Reset Preferred Shares, Series B (the Series B Shares) and Cumulative Floating Rate Preferred Shares, Series C (the Series C Shares), if the Company were to give effect to such notices there would be only 905,752 Series C Shares outstanding after the conversation date of March 31, 2021 (the Conversion Date).

The terms of the Series B Shares provide that if, after giving effect to all election notices at the close of business on March 16, 2021, there would be outstanding less than 1 million Series C Shares after the Conversion Date, then no holders of Series B Shares are permitted to convert their Series B Shares into Series C Shares. Accordingly, the holders of the Series B Shares are not entitled to convert their shares.

The terms of the Series C Shares provide that if, after giving effect to all election notices at the close of business on March 16, 2021, there would remain outstanding less than 1 million Series C Shares after the Conversion Date, then all remaining outstanding Series C Shares will automatically convert into Series B Shares, on a one-for-one basis, on the Conversion Date. Accordingly, on March 31, 2021, all Series C Shares will automatically convert to Series B Shares on the basis of one Series B Share for each Series C Share.

Effective as of the Conversion Date there will be 4.6 million Series B Shares listed on the Toronto Stock Exchange under the symbol RCG.PR.B.

The Series B Shares and Series C Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act) or the securities laws of the United States. Accordingly, the Series B Shares and Series C Shares may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to transactions exempt from registration under the U.S. Securities Act or under the securities laws of the applicable state. This press release does not constitute an offer to sell or a solicitation of an offer to buy any security.

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