iA Financial Corporation Inc. and RF Capital Group Inc. have completed their announced acquisition. This marks a key milestone in Canada’s wealth management sector. RF Capital, operating as Richardson Wealth, manages over $43.6 billion in assets. It is known for offering tailored financial advice to high-net-worth clients. “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.
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The combined entity now manages more than $330 billion in total assets, serving over 500,000 clients through 1,450 advisor teams. According to Stephan Bourbonnais, EVP of Wealth Management at iA, the merger enhances the firm’s “value proposition and personalized financial solutions for advisors and clients through best-in-class technology and product offering.” Dave Kelly, President and CEO of RF Capital, added that this partnership preserves RF Capital’s operational independence while unlocking “powerful opportunities for our advisors and clients,” signaling a seamless integration and a strengthened foundation for long-term growth.
