The Globe and Mail reports in its Tuesday edition that Dave Kelly, the former head of independent wealth manager Gluskin Sheff, has re-emerged in the industry as the new chief operating officer of Richardson Wealth. The Globe's Clare O'Hara writes that on Monday afternoon, RF Capital's chief executive officer Kish Kapoor announced the addition of Mr. Kelly as COO, a new position for the company that will help accelerate its goal of hitting $100-billion in assets. The addition of a COO comes on the heels of the third anniversary of Richardson revamping its business operations. In 2020, Richardson Wealth -- formerly known as Richardson GMP Ltd. -- broke apart from former parent GMP Capital Inc. and began the lengthy process of becoming a stand-alone, publicly traded wealth-management business. Today, the company manages $35.2-billion in assets, with 159 adviser groups. In 2021, Mr. Kapoor announced an ambitious goal to hit $100-billion in assets by 2026. Part of that plan involved a major overhaul to move Richardson's in-house back-office operations to a new custody, clearing and trade settlement service agreement with Fidelity Clearing Canada ULC. It was a cumbersome ordeal that caused frustration for some advisers.