Richardson GMP

Richardson GMP, now operating as Richardson Wealth, is an independent wealth management firm in Canada serving high-net-worth families, entrepreneurs, and business owners. The firm's history is linked to James Richardson & Sons, Limited (JRSL), a grain merchandising business founded in 1857. The modern iteration of the wealth management firm emerged from the 2009 combination of GMP Private Client L.P. and Richardson Partners Financial Limited (RPFL), which created Richardson GMP Ltd. At that time, GMP Capital Inc. and Richardson Financial Group Ltd. each held a 35% ownership stake, with the remaining 30% held by investment advisory and management teams.

In October 2020, following the sale of its capital markets business, GMP Capital Inc. consolidated its ownership to acquire 100% of Richardson GMP. This strategic shift allowed the parent company to focus exclusively on wealth management. Subsequently, GMP Capital Inc. was renamed RF Capital Group Inc., and Richardson GMP was rebranded as Richardson Wealth to align with the Richardson family's long-standing brand in Canadian financial services. Andrew Marsh is the President and CEO of Richardson Wealth, while Kishore Kapoor is the President and CEO of the parent company, RF Capital Group Inc.

Richardson Wealth provides comprehensive financial management strategies covering investment management, tax and estate planning, insurance, risk management, and philanthropic pursuits. The business model centers on providing personalized advice through its network of investment advisor teams across Canada. The firm caters to clients seeking a boutique experience from a non-bank-owned entity, offering access to a range of investment products and services. Revenue is generated from wealth management services provided to its client base.

Keywords: wealth management, investment advisory, high-net-worth individuals, financial planning, estate planning, Canadian financial services, investment management, asset administration, independent wealth management, private wealth, business succession, risk management, family office, tax planning, philanthropy, client-focused advice, financial advisory, Canadian entrepreneurs, investment solutions, asset management