- RF Capital (RCG) reported preliminary month-end assets under administration (AUA) of $34.8 billion as of August 31, 2022
- AUA decreased 1.2 per cent in August 2022 compared with declines in the S&P/TSX Composite and S&P 500 indices of 1.8 per cent and 4.2 per cent, respectively
- AUA is a key indicator to assess operating performance
- RF Capital is a wealth management company which operates under the Richardson Wealth brand
- RF Capital Group Inc. (RCG) is down by 0.97 per cent, trading at C$14.30 per share at 2:38 pm ET
RF Capital (RCG) reported preliminary month-end assets under administration (AUA) of $34.8 billion.
AUA decreased 1.2 per cent in August 2022 compared with declines in the S&P/TSX Composite and S&P 500 indices of 1.8 per cent and 4.2 per cent, respectively.
AUA is a key performance indicator. Management, investment advisors and the company’s shareholders use this indicator as one of the financial measures to assess operating performance.
RF Capital is a wealth management company which operates under the Richardson Wealth brand. The company is one of the largest independent wealth management firms in Canada with $34.8 billion in assets under administration and 20 offices across the country.
The company’s operating segment includes Wealth Management and Corporate. It generates maximum revenue from the Wealth Management segment. The Operations segment provides broker services to third parties, including trade execution, clearing, and settlement services.
The firm’s Advisory team focuses exclusively on providing strategic wealth advice and innovative investment solutions. It is customized for high net worth or ultra-high net worth families and entrepreneurs.
RF Capital Group Inc. (RCG) is down by 0.97 per cent, trading at C$14.30 per share at 2:38 pm ET.
