Canada NewsWire
TORONTO , July 4, 2022 /CNW/ - RF Capital Group Inc. (the Company) (TSX: RCG) today reported preliminary month-end assets under administration (AUA) of $33.9 billion as of June 30, 2022 . AUA decreased 5.1% in June 2022 compared with declines in the S&P/TSX Composite and S&P 500 indices of 9.0% and 8.4%, respectively, over the same period. AUA is a key performance indicator and one of the financial measures used by management, investment advisors and the Company's shareholders to assess operating performance.
AUA ($ billions) | June 30, 2022 | May 31, 2022 | % Change Month-Over-Month |
AUA 1 | $33.9 | $35.7 | (5.1) % |
1. | Assets under administration (AUA) is a measure of client assets and is common to the wealth management business. AUA represents the |
ABOUT RF CAPITAL GROUP INC.
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 $33.9 billion in assets under administration (as of June 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.
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