Mr. Dave Kelly reports

RF CAPITAL ANNOUNCES RECORD MONTHLY AUA OF $39.0 BILLION FOR SEPTEMBER 2024; CEO SUCCESSION PLAN; AND NEW ADVISOR TEAM

RF Capital Group Inc. has recorded record preliminary month-end assets under administration of $39.0-billion as of Sept. 30, 2024, up $700-million or 1.7 per cent from the past month, and $3.8-billion or 10.7 per cent since year-end 2023. 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.

New president and chief executive officer Dave Kelly takes the reins

As previously announced, effective today, Mr. Kelly succeeds Kish Kapoor as president and CEO of RF Capital and of Richardson Wealth Ltd. Mr. Kelly has also been appointed as a member of the RF Capital's board of directors.

Mr. Kelly commented: "I'm honoured to have the opportunity to lead this outstanding organization forward, building on the tremendous hard work done by Kish and the team to transform the company and ready it for even more success and growth. Since joining the company, what I have seen has only served to drive home what I already knew: that this is a talented team and a great platform and that we can accomplish incredible things becoming the leading independent wealth management firm in Canada."

"Dave is an extraordinary leader with a deep understanding of the wealth management industry," said Kish Kapoor, director, RF Capital. "With the foundation built for growth, I am confident Dave will unlock the significant potential of our platform to make Richardson Wealth the brand of choice for Canada's top advisers and their clients."

Richardson Wealth welcomes new advisor team in Southwestern Ontario

Richardson Wealth announced in September that Ben Troiani, portfolio manager, wealth adviser and investment adviser, and Troiani Wealth Management joined the firm.

Richardson Wealth's footprint in Southwestern Ontario has grown to 15 adviser teams with the addition of Troiani Wealth Management. The team's practice is approaching $400-million in assets under administration, and includes Andree Crocker, associate; Joe Tirone, associate; and Lisa DiMaria, assistant.

Natalie Bisset, senior vice-president, head of corporate development, at Richardson Wealth, commented: "We are very pleased that after significant research, Ben and his team made a strategic decision to move their practice to our firm. He has seen what so many are seeing: Richardson Wealth allows our advisers to flourish with the support they need and a real feeling of belonging. We are delighted to welcome Ben, Andree, Joe and Lisa as new colleagues."

About RF Capital Group Inc.

RF Capital 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 $39.0-billion in assets under administration (as of Sept. 30, 2024) and 22 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 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 best workplace for women, a best workplace in Canada and Ontario, and a best workplace for mental wellness for financial services and insurance and for hybrid work.