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 through two business segments: Wealth Management and Corporate. It provides a suite of wealth management services including investment, financial planning, insurance, and tax and estate planning services. The Company operates under the Richardson Wealth brand. The Company is focused on providing... 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.