RENAISSANCE
OF A BY-GONE ERA

Richardson Wealth is riding high on a wave of advisors and high net worth families opting to leave bank-owned institutions and gravitating to a more personal, “white-glove” experience that only a boutique, independently-owned wealth management firm can deliver.

Richardson Wealth is successful in attracting new partnerships largely because of the name on the door and everything it stands for. The Richardson family business has been a cornerstone of commerce in this country for 164 years, including a rich, 90-year history in financial services.

That inspiring story of entrepreneurial spirit and its demonstrated vision, long-term stability and commitment are powerful draws for advisors and their clients to work with a firm where the name on the door means something. Richardson Wealth is not only delivering the promise of the values of a bygone era, but standing by them day in and day out.

1929: James A. Richardson and Winston Churchill emerge from the Winnipeg Grain Exchange

OUR GROWTH
STORY

In May 2021, we unveiled the details of our five-year growth strategy. Our ambition is to triple our AUA and revenue over that period. We believe that our goals are ambitious but achievable, as a favourable market backdrop will support our growth and as we execute from a position of growing strength. The market for retail financial wealth in Canada is expected to grow from $4.4 trillion today to $7.7 trillion[1] by 2028, creating a considerable opportunity for an independent wealth management firm with national scale. Richardson Wealth currently has a 0.7% share of Canadian retail wealth. Capturing an additional 1.4% of the existing market or 2% of the expected market growth would allow us to achieve our growth objectives. 

We are in the early stages of our transformation and growth plan. Our focus in 2021 was on making strategic and advisor-centric investments in our digital capabilities, managed account platform, communications and brand marketing strategies, advisor service teams, and practice management curriculum. We also transformed our leadership team and Board. These investments will enable us to deliver on our promise of enhancing the experience of our advisors and their clients.

Our growth strategy rests on three key strategic pillars that, we believe, will drive considerable growth, results in operating margin improvement, and generate meaningful shareholder value.