Richardson Wealth
Richardson Wealth is a Canadian independent wealth management firm serving high-net-worth individuals, families, and business owners through 30+ advisory offices across Canada. It delivers personalized financial planning, investment management, and estate services, now operating as a subsidiary of iA Financial Group.
- Company typePrivate
- Founded1857
- HeadquartersToronto, Canada
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What Richardson Wealth does
Richardson Wealth is a Canadian independent wealth management firm that provides personalized financial planning, investment management, estate and tax planning, insurance, retirement, and succession services to high-net-worth individuals, families, business owners, women investors, next-generation investors, and retirees. The firm distributes its services through a national network of independent advisors operating from 30+ offices across Canada, supported by an online Find-an-Advisor portal and a bilingual (English/French) client experience. Its core technology stack centers on the proprietary My NextGen Plan collaborative digital planning tool, supplemented by the CapIntel client proposal platform and the Envestnet trading platform for advisor portfolio management, with clients accessing accounts via the MyRichardsonWealth online portal.
The firm is regulated by the Canadian Investment Regulatory Organization (CIRO) and is a member of the Canadian Investor Protection Fund (CIPF). Following the October 31, 2025 acquisition of parent RF Capital Group Inc. by iA Financial Corporation Inc. for approximately $172 million, Richardson Wealth operates as a wholly-owned subsidiary of iA Financial Group, one of Canada's largest insurance and wealth management firms. The transaction preserves the Richardson Wealth brand, its partnership-based advisor culture, and entrepreneurial autonomy, while extending access to iA's broader product shelf and balance sheet. Headquartered in Toronto, the firm employs 501-1000 staff and maintains an Ontario-domiciled corporate entity (Richardson Wealth Limited) with a French-language trade name, Patrimoine Richardson.
Richardson Wealth generates revenue primarily through asset-based management fees on client assets under administration, augmented by fees from alternative investments, private placements, and proprietary and third-party investment solutions. Its go-to-market is field-led and relationship-driven: advisors recruit clients directly, supported by a content marketing engine that includes the Conversations on Wealth podcast, Market Ethos commentary, the Wealth Strategies blog, and outreach initiatives targeting women and next-generation investors. The firm also acts as a brokered private placement agent for third-party funds, expanding its capital markets distribution reach. Leadership is headed by President and CEO Julie Gallagher, appointed March 2025, who is also publicly advocating for regulatory change to permit advisor incorporation.
Richardson Wealth firmographics
Firmographics- Name
- Richardson Wealth
- Legal name
- Richardson Wealth Limited
- Website
- https://richardsonwealth.com
- Company type
- Private
- Founded year
- 1857
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Richardson Wealth is a Canadian independent wealth management firm serving high-net-worth individuals, families, and business owners through 30+ advisory offices across Canada. It delivers personalized financial planning, investment management, and estate services, now operating as a subsidiary of iA Financial Group.
- Ownership category
- akta.pro rank
Richardson Wealth industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)
- akta.pro secondary industries
- Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI), Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite) (FSAAACAH), Digital/Hybrid Private Wealth (Robo-Enabled HNW Service) (FSAAABAO), Private Banking & UHNW Wealth Advisory (FSAEABAC)
Keywords
Where Richardson Wealth is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices23 records
Markets served
Richardson Wealth business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Asset Management Fees: Wealth management services primarily generating revenue through asset-based management fees charged on client assets under administration. The firm offers a comprehensive product shelf including alternatives, private placements, proprietary and third-party investment solutions.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Richardson Wealth product offering
Product offeringCore offering
Richardson Wealth is an independent wealth management firm offering personalized financial advisory and investment management services through a national network of independent advisors across Canada. The firm provides comprehensive wealth planning including investment management, estate planning, retirement planning, tax strategies, insurance solutions, and specialized services for business owners, women investors, and next-generation investors. Revenue is generated primarily through asset-based management fees on client assets under administration.
Product overview
Richardson Wealth operates as a comprehensive independent wealth management firm offering a unified suite of financial advisory services through a national network of advisors across Canada. The core offering is the firm's personalized wealth management approach, supported by a proprietary digital planning tool called My NextGen Plan that provides interactive financial snapshots, retirement readiness reports, cash flow analysis, and legacy planning. Clients access their accounts through the MyRichardsonWealth online portal. The firm augments its advisory services with educational content through the Conversations on Wealth podcast series. Wealth strategies span estate planning, business owner services, insurance planning, investing, retirement planning, tax savings strategies, women and wealth advisory, finance for seniors, life events planning, and next-generation investor services. Richardson Wealth is regulated by CIRO and protected by CIPF, with its parent company being iA Financial Corporation following an acquisition completed on October 31, 2025.
Differentiator
Problem solved
Functional benefit
Products and services
- Wealth Advice Personalized wealth management advice covering investments, advanced strategies, and comprehensive wealth planning solutions for clients at every stage of life.
- My NextGen Plan A proprietary digital financial planning tool providing interactive financial snapshots, retirement readiness reports, cash flow analysis, and legacy planning tools. Clients can visualize their financial plan today and model future scenarios.
- MyRichardsonWealth Client Portal Client online portal providing secure access to Richardson Wealth accounts and information anytime, anywhere.
- Estate Planning Services Wealth strategy covering estate planning, executor responsibilities, intergenerational wealth transfers, and protecting family assets and legacy.
- Business Owners Services Wealth management and financial planning services tailored for business owners, including succession planning, incorporation strategies, and business sale preparation.
- Insurance Planning Insurance solutions integrated into comprehensive wealth plans, covering life insurance, long-term care insurance, and insurance for each stage of life.
- Investing Services Customizable and goal-based investment options including alternative investments, private placements, and proprietary and third-party investment solutions.
- Retirement Planning Retirement planning services focused on income goals, lifestyle planning, longevity considerations, and liquidity management for retirees.
- Tax Savings Strategies Tax-efficient wealth strategies including capital gains planning, charitable giving, Alternative Minimum Tax planning, and federal budget analysis.
- Women & Wealth Advisory Specialized wealth advisory services and insights for female investors, focusing on financial empowerment, strategic giving, and building a better investment experience.
- Finance for Seniors Financial planning services addressing retirement, aging journey, trusted contact persons, and protecting seniors' finances.
- Life Events Planning Financial guidance for significant life transitions including cohabitation, marriage, starting a family, career changes, and major purchases.
- Next Gen Investors Services Financial education and planning resources designed to help younger investors get started, including money tips for young adults and intergenerational wealth conversations.
Quantifiable outcome
- Strong advisor retention and client satisfaction evidenced by testimonials
- +1 more outcomes
Companies that use Richardson Wealth
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles5 records
Richardson Wealth technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
Richardson Wealth partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- iA Financial Corporation Inc.flagshipiA Financial Corporation Inc. completed acquisition of RF Capital Group Inc. (parent of Richardson Wealth) effective October 31, 2025. This transformational move creates Canada's premier independent wealth management firm, preserving Richardson Wealth's brand, partnership approach, and entrepreneurial culture while adding resources of a large Canadian wealth management partner.
- CapIntelcoreRichardson Wealth has implemented CapIntel's technology platform to improve client proposal processes. The fintech company, which raised $11 million to enhance wealth management proposal and analytics platforms, works with multiple Canadian and US wealth management firms to improve advisor-client communication.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Richardson Wealth competitors and assessment
Company assessmentDirect peers
- Raymond James Ltd. (Canada): Canadian wealth management arm of Raymond James Financial, offering independent advisor-led wealth services across Canada. Directly comparable to Richardson Wealth in target market (HNW Canadians), product shelf (open architecture), and partnership/advisor model.
- Wellington-Altus Private Wealth: One of Canada's largest independent wealth management firms, with a national advisor network serving HNW clients. Closely comparable in independent partnership model, target client segment, and product shelf; even co-led a recent private placement with Richardson Wealth.
- Canaccord Genuity Wealth Management: Canadian wealth management business of Canaccord Genuity Group, providing discretionary portfolio management and advisory services to HNW individuals and families. Closely comparable in advisor-led independent model, HNW focus, and product breadth.
Broad incumbents
- Scotia Wealth Management: Wealth management business of Scotiabank serving HNW and UHNW clients with full-service advisory, private banking, and investment solutions. Comparable in comprehensive service suite and HNW focus, with global bank parent backing.
- TD Wealth: Wealth management arm of TD Bank Group offering advisory, private banking, and investment management to HNW clients across Canada. Comparable in HNW segment and product breadth, with significant bank-distribution advantages.
- BMO Wealth Management: Wealth management business of Bank of Montreal providing investment advisory, financial planning, and private banking to HNW Canadians. Comparable in HNW client focus and breadth of services, with bank-owned scale advantages.
- IG Wealth Management (IGM Financial): Canadian wealth manager and segment of IGM Financial, offering financial planning, investment products, and advisor-led services to mass-affluent and HNW clients. Comparable in HNW advisory focus but is a much larger, captive, and publicly listed incumbent.
- RBC Wealth Management: Wealth management arm of Royal Bank of Canada serving HNW and UHNW individuals globally. Comparable client segment and product offering, but vastly larger scale, captive distribution, and proprietary product focus.
- CI Direct Trading / CI Financial Wealth: Wealth and investment management platform of CI Financial, offering advisor-led wealth services and direct investing to Canadian HNW and mass-affluent clients. Comparable in Canadian wealth advisory focus, with hybrid traditional-direct capabilities.
Regional players
- National Bank Financial Wealth Management: Wealth management arm of National Bank of Canada, primarily serving Quebec and broader Canadian HNW market. Comparable in HNW advisory focus and advisor-led model, with regional strength in Quebec where Richardson also operates.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Richardson Wealth social profiles
Digital presenceRichardson Wealth compliance and trust
Trust signalCompliance2 records
Richardson Wealth financial estimates
Financial estimateRevenue estimate
Valuation estimate
Richardson Wealth leadership team
Management profileNumber of profiles
Profiles8 records
Richardson Wealth funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Richardson Wealth M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Richardson Wealth
What does Richardson Wealth do?
Richardson Wealth is an independent wealth management firm offering personalized financial advisory and investment management services through a national network of independent advisors across Canada. The firm provides comprehensive wealth planning including investment management, estate planning, retirement planning, tax strategies, insurance solutions, and specialized services for business owners, women investors, and next-generation investors. Revenue is generated primarily through asset-based management fees on client assets under administration.
Is Richardson Wealth a public or private company?
Richardson Wealth is a private company. It is classified as corporate owned and is currently operating.
When was Richardson Wealth founded?
Richardson Wealth was founded in 1857. It employs 501 to 1,000 people.
Where is Richardson Wealth based?
Richardson Wealth is headquartered in Toronto, Canada, in the North America region.
How does Richardson Wealth make money?
One revenue line is on record: asset Management Fees.
Who are Richardson Wealth's main competitors?
Direct peers on record are Raymond James Ltd. (Canada), Wellington-Altus Private Wealth and Canaccord Genuity Wealth Management. Broad incumbents are Scotia Wealth Management, TD Wealth, BMO Wealth Management, IG Wealth Management (IGM Financial), RBC Wealth Management and CI Direct Trading / CI Financial Wealth. National Bank Financial Wealth Management is listed as a regional player.
Does Richardson Wealth have an API?
No public API is recorded for Richardson Wealth.
What industry is Richardson Wealth in?
Richardson Wealth's product category is Wealth Management. Its primary akta.pro industry code is FSAAACAA, Comprehensive/Full-Service RIAs & Independent Wealth Managers, with a secondary code of FSAAACAI, Insurance-Integrated Wealth Managers (RIA + Insurance Solutions). Its NAICS code is 523940 and its SIC code is 6282.