Richardson Wealth

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.

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

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

• Wealth management services
• Investment advisory
• Financial planning
• Estate planning
• Portfolio management

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices23 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. 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

Core 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

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• iA Financial Corporation Inc.flagshipStrategic or Co-development Partner · 31 October 2025iA 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.
• CapIntelcoreTechnology or IntegrationRichardson 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

Direct 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

• Xx.com/NextGenOfWealth
• Facebookfacebook.com/RichardsonWealthLimited
• LinkedInlinkedin.com/company/richardson-wealth

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Richardson Wealth