iA Financial buying RF Capital Group for $370 million

News Room
By News Room 2 Min Read

QUÉBEC – iA Financial Corp. Inc. says it has reached a deal to buy RF Capital Group Inc., which operates under the Richardson Wealth brand, for $370 million.

Quebec City-based iA Financial says it’s paying $20 per common share in cash for the independent wealth management firm, while financial obligations including debt and preferred shares bring the total consideration to $597 million.  

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