QUEBEC CITY & TORONTO, November 01, 2025 — iA Financial Corporation Inc. (“iA”) (TSX: IAG) and RF Capital Group Inc. (“RF Capital”) (TSX: RCG) announced today the successful completion of the previously announced acquisition of RF Capital.
RF Capital is a leading independent wealth management company based in Canada, operating under the Richardson Wealth1 brand. It is renowned for providing comprehensive, client-focused financial advisory services tailored to the high-net worth market, with more than $43.6 billion in assets under administration (as of September 30, 2025).
“We are proud to mark the closing of this strategic acquisition, which not only creates compelling opportunities for accelerated growth, but also underscores our commitment to the value of advice,” said Denis Ricard, President and CEO of iA. “This transaction further reinforces iA Wealth’s position as a leading non-bank wealth platform in Canada and will generate meaningful synergies, expanded capabilities and long-term shareholder value.”
iA Financial Group’s total assets under management2 and total assets under administration2, combined with RF Capital’s total assets under administration2, surpassed $330 billion as of September 30, 2025. Following this transaction, iA Wealth now serves more than 500,000 clients through over 1,450 advisor teams.
“With the combination of iA and RF Capital strengths, we elevate our value proposition and personalized financial solutions for advisors and clients through best-in-class technology and product offering,” said Stephan Bourbonnais, Executive Vice-President Wealth Management. “Since the announcement, advisor engagement has been remarkably strong. This positive response reflects advisors’ confidence in our long-term vision, the benefits of scale and the significant growth opportunities.”
“This marks an exciting new chapter for RF Capital, unlocking powerful opportunities for our advisors and clients,” said Dave Kelly, President and CEO of RF Capital. “RF Capital and its advisors maintain their operational independence and valued culture, and we are thrilled to join iA and collaborate to bring the best of both organizations to power the ongoing success of our advisors and financial security for our clients.”
Dave Kelly remains committed to executing RF Capital’s strategic plan and ensuring a smooth transition of the business following the completion of the Arrangement.