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iA Financial Acquires RF Capital for $597 Million

7/29/2025

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Summary

Story summary

iA Financial Corporation is acquiring RF Capital Group Inc. for $597 million, increasing assets under administration by $40 billion.
The acquisition values RF Capital at $20 per share, reflecting a 107% premium over the last closing price.
This move aims to strengthen iA's position in the high-net-worth client market, pending regulatory approval.
iA intends to keep the Richardson Wealth brand for 30 months following the acquisition.

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Story summary

iA Financial Corporation is acquiring RF Capital Group Inc. for $597 million, increasing assets under administration by $40 billion.
The acquisition values RF Capital at $20 per share, reflecting a 107% premium over the last closing price.
This move aims to strengthen iA's position in the high-net-worth client market, pending regulatory approval.
iA intends to keep the Richardson Wealth brand for 30 months following the acquisition.