Mr. Rocco Colella reports

RF CAPITAL REPORTS AUA OF $34.8 BILLION FOR AUGUST 2022

RF Capital Group Inc. had preliminary month-end assets under administration (AUA) of $34.8-billion as of Aug. 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, over the same period. AUA is a key performance indicator and one of the financial measures used by management, investment advisers and the company's shareholders to assess operating performance.

About RF Capital Group Inc.

RF Capital Group is a Toronto Stock Exchange-listed wealth management-focused company. Operating 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 (as of Aug. 31, 2022) and 20 offices across the country. The firm's adviser teams are focused exclusively on providing strategic wealth advice and innovative investment solutions customized for high-net-worth or ultrahigh-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.