RCG:CC - RF CAPITAL REPORTS AUA OF $33.6 BILLION FOR SEPTEMBER 2022
Canada NewsWire
TORONTO , Oct. 3, 2022 /CNW/ - RF Capital Group Inc. (the Company) (TSX: RCG) today reported preliminary month-end assets under administration (AUA) of $33.6 billion as of September 30, 2022 . AUA decreased 3.3% in September 2022 compared with declines in the S&P/TSX Composite and S&P 500 indices of 4.6% and 10.0%, respectively, over the same period. AUA is a key performance indicator and one of the financial measures used by management, investment advisors and the Company's shareholders to assess operating performance.
AUA ($ billions) |
September 30, |
August 31, |
% Change Month- |
AUA 1 |
$33.6 |
$34.8 |
(3.3) % |
|
|
1 |
Assets under administration (AUA) is a measure of client assets and is common to the wealth management business. represents the market value of client assets managed and administered by Richardson Wealth Limited, including U.S. RIA, off-book, and Connected Wealth assets on which the Company earns commissions and fees. |
RF Capital Group Inc. is a TSX-listed (TSX:RCG) wealth management-focused company. Operating under the Richardson Wealth brand, the Company is one of the largest independent wealth management firms in Canada with $33.6 billion in assets under administration (as of September 30, 2022 ) and 20 offices across the country. The firm's Advisor teams are focused exclusively on providing strategic wealth advice and innovative investment solutions customized for high net worth or ultra-high net worth families and entrepreneurs. The Company is committed to maintaining exceptional fiduciary standards and has earned certification – determined annually – from the Center for Fiduciary Excellence for its Separately Managed and Portfolio Management Account platforms. Richardson Wealth has also been recognized as a Great Place to Work™ for the past three years, a Best Workplace for Women, a Best Workplace in Canada and Ontario , a Best Workplace for Mental Wellness, for Financial Services and Insurance, and for Hybrid Work. For further information, please visit www.rfcapgroup.com and www.RichardsonWealth.com .
SOURCE RF Capital Group Inc.
View original content: http://www.newswire.ca/en/releases/archive/October2022/03/c5590.html
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