RF Capital Group Profile
RF Capital Group Inc. engages in wealth management and operations clearing businesses.
Segments
The company operates through Wealth Management and Operations Clearing segments.
Wealth Management
Richardson Wealth Limited (Richardson Wealth) is the company’s wealth management brand. Richardson Wealth has 160 advisor teams that focus on providing strategic wealth advice and investment solutions to their high net worth clients across Canada. The company offers advisors working under its brand with a platform, including technology, a product shelf, and operational support that enables them to deliver value to existing clients and attract new ones. The following includes the products and services offered by Richardson Wealth:
Strategic Planning for High Net Worth Families: Preparation of a wealth balance sheet, tax and estate planning, retirement planning, risk management and wealth preservation, and cross-border taxation (Canada/the U.S.).
Planning for Entrepreneurs: Business succession strategies, multiplication of the capital gains exemption, use of family trusts, and group benefits and pension plan focus, as well as financial, tax and estate planning for shareholders.
Charitable giving Strategies: Establishing private foundations and donor advised funds, donations of publicly listed securities and stock options, creating a legacy on death, and gifts of life insurance.
Risk Management – Insurance Solutions: Estate preservation and optimization strategies, strategies to protect your financial situation in case of illness or disability, key person insurance, and customized protection to ensure the continuity of business.
Operations Clearing
Operations Clearing, through the company’s wholly owned RF Securities Clearing LP, provides carrying broker services, including trade execution, clearing, settlement, custody, and certain other middle- and back-office services - to Richardson Wealth. It also provides such services to Stifel Nicolaus Canada Inc., concurrent with the sale of its capital markets business to Stifle. This segment also includes the company’s securities borrowing and lending business.
Maintaining a wholly owned clearing business allows the company to control the quality of service provided to its advisors. It also creates option value in the event that market conditions change, and it becomes attractive to provide these services to third parties.
History
RF Capital Group Inc. was founded in 1995. The company was formerly known as GMP Capital Inc. and changed its name to RF Capital Group Inc. in November 2020.
