A Strong and Complementary Combination 

• Bringing together two of the largest and longest-standing independent wealth management businesses in Canada would create the preeminent independent wealth management business in Canada
• Combined AUA would be over $60 billion with significant growth potential on a proven platform
• Strong commitment to clients and well-positioned to serve the complex needs of Canada’s most successful entrepreneurs, ultra/high-net worth investors as well as a diverse population of private clients
• Unbiased product offering, freedom to do what is best for their clients

Significant advantages for Investment Advisors and their Clients 

• Richardson Wealth advisors can grow their businesses faster and more sustainably on CG’s platform
• More than six consecutive years of substantial profitability gains has given Canaccord Genuity a significant head start in investing to advance its technology and product offering. Investment Advisors and their clients benefit from a state-of-the-art integrated UMA platform powered by Envestnet, enhanced investment & advisory solutions, wealth, estate & tax planning, practice management, marketing support, and digital private placement capabilities
• CG is a leading equity underwriter in Canada. Close collaboration between CG Capital Markets and Wealth Management provides considerable ECM opportunities that may not be available at RF Capital or bank-owned dealers

CG’s Proven Track Record of Creating Substantial Value in the Wealth Management Segment 

• Over the past decade CG has invested more than$350 million in acquisitions, recruiting, and technology to support the growth of its wealth management businesses in Canada, the UK & Crown Dependencies and Australia. The combined business would benefit from this investment in value creation
• Canaccord Genuity Wealth Management has consistently delivered growth and profitability through a range of market environments. Firmwide client assets have grown steadily and substantially for more than six consecutive years, from C$32 billion in 2015 to C$88 billion in 2021 (as at February 28, 2021)
• CG has a proven track record of successfully integrating new IAs and acquisitions across our wealth management operations

The Value Proposition is Clear 

• The Proposal at $2.30 per share values 100% of RFC equity at approximately $367 million and aligns with the formal valuation commissioned by the Special Committee of RFC’s Board of Directors in connection with the recently completed RGMP transaction, which resulted in a valuation range of $2.00-$2.55/per share.
• The Proposal represents a 30% premium to the VWAP for the 20 trading days ended on March 12, 2021
• The Offer provides RFC shareholders – including Richardson Wealth IAs - an opportunity to participate in the ongoing success of Canaccord Genuity and the additional value of the combined wealth management business in Canada
• Substantial synergies and economies of scale would be accretive to CG earnings