Press Release: RF Capital Reports First Quarter 2024 Results

Dow Jones05-02

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 $37.0 billion in assets under administration (as of March 31, 2024) and 22 offices across the country. The firm's Advisor teams are focused exclusively on providing strategic wealth advice and innovative investment solutions customized for high net worth or ultra-high net worth families and entrepreneurs. The Company is committed to maintaining exceptional fiduciary standards and has earned certification -- determined annually -- from the Centre for Fiduciary Excellence for its Separately Managed and Portfolio Management Account platforms. Richardson Wealth has also been recognized as a Great Place to Work$(R)$, 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 to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/01/c6099.html

/CONTACT:

RF Capital Group Inc., Tim Wilson, Chief Financial Officer, Tel: (416) 943-6169, e-mail twilson@rfcapgroup.com

Copyright CNW Group 2024

(END) Dow Jones Newswires

May 01, 2024 17:40 ET (21:40 GMT)

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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 Centre for Fiduciary Excellence for its Separately Managed and Portfolio Management Account platforms. Richardson Wealth has also been recognized as a Great Place to Work<a href=\"https://laohu8.com/S/R\">$(R)$</a>, 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. 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Operating under the Richardson Wealth brand, the Company is one of the largest independent wealth management firms ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2432621651","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432621651","pubTimestamp":1714599600,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"-- Ending AUA1,2 increased to $37.0 billion, up 3% or $1.0 billion, driven. -- Revenue increased 2% to $89.4 million, led by a 5% increase in fee. revenue and a 21% increase in insurance commissions. -- Gross margin increased 2% to $52.8 million, consistent with the increase. -- Adjusted EBITDA1 increased 4% to $13.5 million, due to revenue growth. million, as the Company has completed its transformation journey and did. TORONTO, May 1, 2024 /CNW/ - RF Capital Group Inc.   today reported revenue of $89.4 million in the first quarter of 2024, up 2% as compared to the prior year. The increase in revenue was driven by AUA(1,2) growth of 3% or $1.0 billion, which is attributable mainly to strong equity markets. With year-over-year growth in adjusted operating expenses contained to 2%, Adjusted EBITDA increased 4% to $13.5 million.Kish Kapoor, President and Chief Executive Officer, commented, \"2024 has started off strong with AUA(1,2) reaching $37.0 billion at the end of Q1, up $1.8 billion","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4211":"区域性银行","RF":"地区金融","BK4585":"ETF&股票定投概念"},"translate_title":"新闻稿：RF Capital报告2024年第一季度业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RF":1},"content_text":"RF Capital Group Inc. is a TSX-listed (TSX: RCG) wealth management-focused company. 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