Bullboard - Stock Discussion Forum RF Capital Group 5 Year Rate Reset Cumulative Pref Shs Series B T.RCG.PR.B

Alternate Symbol(s): GMPFF

RF Capital Group Inc. is a Canada-based wealth management-focused company. The Company operates under the Richardson Wealth brand. The Company operates through two business segments: Wealth Management and Corporate. The Company is focused on providing strategic wealth advice and innovative investment solutions customized for high net worth or ultra-high net worth families and entrepreneurs. The... see more

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TSX:RCG.PR.B - Post Discussion

RF Capital Group 5 Year Rate Reset Cumulative Pref Shs Series B > Record AUA of $35.7 Billion for October 2021

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Post by Betteryear2 on Nov 01, 2021 3:20pm

Record AUA of $35.7 Billion for October 2021

Up $1.3 billion over last month, and $5.4 billion in 2021

TORONTO, Nov. 1, 2021 /CNW/ - RF Capital Group Inc. (the Company) (TSX: RCG) today reported record preliminary month-end assets under administration (AUA) of $35.7 billion as of October 31, 2021. AUA is a key performance indicator and one of the financial measures used by management, investment advisors and the Company's shareholders to assess operating performance.

AUA ($ billions)	October 31, 2021	September 30, 2021	% Change Month-Over-Month
AUA1,2	$35.7	$34.4	+3%

1.	Represents wealth management assets at Richardson Wealth Limited, including U.S. RIA, off-book, and Connected Wealth assets on which the Company earns fee income.

2.	The Company cautions that AUA is considered to be a non-GAAP financial measure. This measure does not have any standardized meaning prescribed by GAAP under IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers.