RF CAPITAL ACHIEVES MILESTONE MONTHLY AUA OF $40.2 BILLION

TORONTO, Dec. 2, 2024 /CNW/ - RF Capital Group Inc. (the Company) (TSX: RCG) today reported preliminary month-end assets under administration (AUA) of $40.2 billion as of November 30, 2024, up $0.8 billion or 2.2% from last month and $5.0 billion or 14.2% since year-end 2023. 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.

Dave Kelly, the Company's President and CEO, commented: "Last week, we achieved a major milestone in our company's journey. We hit $40 billion in AUA for the first time in our history." Mr. Kelly continued, "As the engines of our success, our advisory teams' perseverance and commitment during challenging times led us to this meaningful moment for Richardson Wealth. They are to be congratulated for all they do for their clients."

AUA ($ billions)	November 30, 2024	October 31, 2024	% Change Month-Over-Month
AUA1	$40.2	$39.4	2.2 %

1.

Assets under administration (AUA) is a measure of client assets and is common in the wealth management industry. AUA represents the market value of client assets administered by Richardson Wealth Limited, including U.S. RIA, off-book, and Connected Wealth assets on which the Company earns commissions and fees.

To learn more about the Company, please visit our website to view our latest third quarter 2024 report and our latest recruiting brochure.

ABOUT RF CAPITAL GROUP INC.

RF Capital Group Inc. is a TSX-listed (TSX: RCG) wealth management-focused company. Operating under the Richardson Wealth brand, the Company is one of the largest independent wealth management firms in Canada with $40.2 billion in assets under administration (as of November 30, 2024) and 22 offices across the country. The firm's Advisor teams are focused exclusively on providing strategic wealth advice and innovative investment solutions customized for high net worth or ultra-high 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. For the seventh year in a row, Richardson Wealth has been certified as a "great place to work" by Great Place to Work®, a global authority on workplace culture. For further information, please visit www.rfcapgroup.com and www.RichardsonWealth.com.

SOURCE RF Capital Group Inc.

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