- Richardson GMP Investment Advisors, employees and leaders overwhelmingly support the RGMP Transaction
- Investment Advisors, the engine of future growth, will align their interests with GMP shareholders by owning 28.5% of GMP Capital on closing
TORONTO, Sept. 15, 2020 /CNW/ – Richardson GMP Limited (“Richardson GMP” or the “Company”), a leading independent wealth management Company, announced today that Investment Advisors with approximately 97% of assets under administration support the terms of the previously announced transaction (the “RGMP Transaction”) under which 100% of the Company would be acquired by GMP Capital Inc. (“GMP”).
A list of Richardson GMP Investment Advisors, employees and leaders who have consented to have their names printed in support of the RGMP Transaction is provided at the end of this news release.
Richardson GMP Investment Advisors overwhelmingly support the RGMP Transaction. Shareholders of GMP should disregard claims from a dissident GMP shareholder that he can renegotiate the RGMP Transaction and that he can gain the support of Richardson GMP’s Investment Advisors.
“Richardson GMP’s Investment Advisors believe that the RGMP Transaction is the best – by far the best – plan to optimally position the combined firms for future growth,” said Richardson GMP Investment Advisors Marc Dalpé and Neil Bosch, the Investment Advisor representatives on the Richardson GMP Board. “Our advisor partners believe the timing is perfect for growth in the business, with the wealth management industry poised for a wave of expansion and demand for exactly the kind of face-to-face advice that Richardson GMP provides.”
“The dissident’s plan does not have our support because it weakens the balance sheet and extends the period of uncertainty regarding our ownership. We as Investment Advisors have been advocating for the RGMP Transaction over a period of years. We believe the current terms, which were negotiated over many months, are a fair and balanced compromise. We simply don’t believe the dissident’s claim that he can now achieve terms that are more favourable for us. We are certain that if the RGMP Transaction is rejected, the outcome will be deadlock and downside risk to RGMP’s business as we expect Investment Advisors will leave for Richardson GMP’s competitors.”
Added Andrew Marsh, President and CEO of Richardson GMP, “Despite aggressive recruitment tactics by our competitors, our Investment Advisors remain loyal based on our history of success and the potential we have if the RGMP Transaction is approved. What we need now is a quick end to uncertainty regarding the ownership of Richardson GMP so that we can attract new colleagues and retain the Investment Advisors that we already have.”
“Our success is predicated on three key pillars – best advisors, powerful brand and a well-capitalized balance sheet. We will have those pillars if the RGMP Transaction proceeds and it will allow us to create significant long-term value for all shareholders by retaining and attracting the very best Investment Advisors and clients across Canada.”
As previously disclosed by GMP, the RGMP Transaction, if it proceeds, would see GMP increase its ownership of Richardson GMP to 100% from 33.2% through a share exchange. Richardson GMP’s Investment Advisors would collectively own approximately 28.5% of GMP on completion of the RGMP Transaction. As an expression of confidence, the Investment Advisors have agreed to place their GMP shares in escrow for three years.
Here is the list of Richardson GMP Investment Advisors, employees and leaders who have consented to have their names printed in support the RGMP Transaction.
We support the terms of the Richardson GMP Transaction.
So should all GMP Capital shareholders.
As Richardson GMP Investment Advisors, Employees and Leaders, we remain committed to our clients and our growth strategy.
We believe the Richardson GMP Transaction is the best – by far the best – plan for our collective future. It allows us to build an even better company as the destination of choice for Canada’s outstanding Advisors and their Clients for years to come.
Count us in for our Clients. Count us in for the future.
Count us in to support the Richardson GMP Transaction.
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We the undersigned
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Sandy Roux Traci Sady Evelyn Santos Maria Llamas
Kersti Muzaffar Bernabe Niverba Faye McDonald Philip Yu Maria Oppedisano
Eleanor Macleod Rong Tian Emilie Giusti Harshna Sharma Deanna Cooley
Michael Fernandopulle Daniel To Adam Brookes Brad Gustafson Trevor Chow
Brett Gustafson Michael Fry Jay Patel Joanne Ashby Samara Weeks
Jordan Mullin Dawn MacNeal Sofia Gabrielli Chloe Villamor Jane Capt
Graydon Harris Tara Martin Jeannette Dewar Angela Halwa Heather McDiarmid
Diane Moreira Cassandra Toda Simon Bowes Cindy Parmelee Samantha Nicol
Lisa Johnson Rosa Golanowski Hazel Peloso Lina Iodice Melanie Cote
Nora Powell Michelle Shaw Williams Alex Craig Alexandre Dalpe Janice Coulter
Axandra Coulter Jonathan Saldana Alexander Litinsky Brenda Merriam Tanya Polecrone
Volt Chan Corey Eccles Karin Tracey Andrew Blake Gau Jessica Dewey
Julie Connolly Rita Blosmanis Jocelyn Smith Gordon Kennedy Cheryl Cadieux
Gail Morden Jaimie Kehler Brenda Geib Deidre Alexander Cynthia McKillop
Wendy Lloyd Joel Tam Lori Visser Leah Case Lori Hazell
Athina Ivziku Sharon Dammann Pina Tria Toni Hicks Jimy Castanho
Jennica Vegelahn Rita Penno Jacqueline Paule Maryam Fejvai Dolapo Oni
Courtney Baillie Josée Mailhot Luanne Coady Josie Grassia Kelsy Nelson
David Broderick Tracey Ziemer Cameron Lienau Austin McBrine-Ellis Karen Rowell
Lori Wright Marija Jakovcic Karen Chen Trang Florea Trevor Fiell
Mikayla Penner Kathryn Shiels Andrea Pacitti Vivien Mumba Linda MacDonald
Erin Toews Lauren Shneer Soma Choudhury David Lalach Sarah Kelley
Mona Schoenfeld Karen Boudewyn Noel Pariseau Jean-Philippe Phaneuf Gina Freelend
Rory Hyland Jeremy Ruban Nathan Biren Cheri Blain Heather Esplen
Elina Surkov Matthew McKenna Mikaela Carson Steph Rasiuk Shannon Jones
Francesca Pannunzio Anna Gastaldi Katya Faraj Wesley Stephenson Stephanie Vicari
Shannon Pyper Jennifer MacLean Mikko Nagai Steven Clarke Mona Chong
Christina Giusti Gregory Fenerdjian Brenan Formosa Emilio Castagnetti Vera Siu
Brad Conklin Garth Doiron Anne Marie Jess Don Bowman Elizabeth Johnson
Jorge Saban William McCormick Emily Krieger Jason Melo Danielle O’Neill
Colin Beck Leona Silva Carita Yosurack Gillian Seguin Justine Pohl
Adam Sefton Fraser Betkowski Cory McKay Michael MacDonald Dennis Field
Michelle Cianflone Bill Green Cecilia Cristobal Ethan Marsh Miranda Lam
Rachel Leblanc Katalinic Gerdy Gerdy Katalinic Louise Cooke Tricia Anderson
Jean Claude Lareau Marisa Ting Rita Leung Charlotte Shindruk Luiza Young
Dexter Charles Mandeep Kaur Tracey Ann Fernandez Allison Darroch Martin Boulianne
Stephen Cudmore Lily Wang Raissa Bernabe Bradley Bedford Danny Tung
Gail Hewitt-Begg David Durbin Laurel McBrine Kimberley Sevcik Christopher Harrison
Elliot Muchnik Michael Williams Craig Basinger Keshini Budhoo Pushpa Patel
Scott Moore Mike Hull Marc Beauchamp Guylaine Raby |
Christine Venne
Prasad Janakaraj Mavia Benjamin Greg Hartman Ian Royer Stephen Clancy
Elden Nuqui Mariezel Nicdao Irene Estrella Rowena Palacol Jeffrey Uy
Claire Ona Jo-Anne Saez Anubha Thapliyal Masudur Rahman Bhuiyan Jeff Manjuris
Janet Cassidy Joseph Bakish Michael Andersen Eric Richards Robert McDermott
Paul Adair Doug Goodman Garreth Fallis Douglas Goodman Henrik Bruusgaard
Fadi Ephtimios Bruce Bennett Todd Tanchak Wynn Harvey Diana Orlic
Valerie Wowryk Neil Kumar Jeffrey Brumer Robert Smith Michelle Bradet-Simpson
John Horwood Dan Dervaitis James Price Darrin Hopkins Scott Stennett
Patty Konstantinidis Lynne Brejak Richard Wong Frank Cestnik Mike Ankers
Walter McCormick Philip Richmond Tricia Leadbeater Hilliard MacBeth Doug Mair
Maryanne McIntyre Nancy Nicol Robert Kruzel Tim Pinkoski James King
Marc Le Sieur Mounir El-Ayari John Tierra Paul McKenna Eric Falkenberg-Poetz
Ian Gray Kathleen Wronski Lane Mosby John Reyes David Hunt
Matthew Campbell Hal Biren Nicholas Waddell Rob Campbell Will Mactaggart
Matthew Langsford Simon Partington Serge Zaina Neil Bosch Nevin Chernick
Robert Caldwell John Nelson John Sanchez Ken Martin Joanne Lee
Jari Stromberg Michael Pickard Alex Senkiw Brad Hunter Mark Begg
Rosemary Horwood Benji Miles Blake Dalton Chris Martin Richard Herman
Alexandra Horwood Elizabeth Harding Sean Seidman Ida Khajadourian Tyler Steele
Francis Sabourin Jonathan MacLeod Andy Zylstra William Ellis Paula O’Brien
Allan Fenerdjian Ty Cooke Matthew Phillips Michael Brook Gareth Watson
Yaron Orgil James Gellman Ron Hutner Sarah Widmeyer Cally Wong
Rebecca Horwood Kieran Young Brad Conacher Lucito Fernandez Mark Wood-Salomon
Anthony Rodrigues Tania Rehel Jennifer Kirou Nicole Langer Fadi Atiyeh
Dorotea Masacayan Lyndsay Huthmann Virginia Greey Taher Fityani Helen Hatzitzanakis
Antoine Niding Alan Young Collin Noble Peter Churchill-Smith Kim McCartney
Tessy Karolia Mark Tetrault Jason McCallum Jason MacDonald Mark Ramage
Michael Pidhirniak Jonathan Ross Justin Caldwell Marc Istanboulie Scott Baillie
Peter Bacsalmasi Tracey Curtis Barry Takemura Jill Rogers-Vertz Francois Normandeau
Jennifer Bowen Tommaso De Marco Jody Bent Greg Bieber Lynn MacNeil
Patrick Tenpenny Ashley Currin Michael Will Jeff Torchia Kent Racz
Serena Cheng Ryan Yeo David Friesen Manon Girardin Haixin Li
Matt Finlay Antonio Minicucci Colin Chovin Rick Arora Saulo Lula
Khang Ngo Ricardo Alexandre Ryan Counsell Steve Aleksovski Mario Sandoval
Sherryann Bower Shirley Khuu Ahsan Mahmood Michael Tan Khalifa Ahsan Mahmood
Bob Grabiec Deepak Soni Camelita Forester Mike Maillet Jeremy Yu
Celia Cardenas Alisdair Piercy Stacey Kempe Rosie Jackson Jessie Lam
Shirley Hermann Rosario Fernandez Jean Pitre Michael Cann |
Irena Kryzhanovski
John Rego William Woo Kim MacDonald Kate Weldon D’Souza Judith Winstanley
Tim Willett Joanne Salituro Debbie Mugridge Susanne Fontaine Rina Davda
Vadim Movtchan James Wilcock Ryan Goddard Loretta Cleary Raquel Liao
Duane Langis JP Janson Luiz Almeida Reza Shokraie Eric Ngabonziza
Abdullahi Abdulkadir Praveen Mohanan Fleur Hobro Arlene Davis-Melhado Melissa Jack
Wilhelm Klaudusz Manpreet Bagga James Rogers James Mackie Dustin Van Der Hout
Kristopher Viel Charles Crick Jacob Baranowski Craig Machel Steve Damberger
Sean Hickey Jon Germain Marc Dalpe Greg Phillips Edmun Tsang
Lily Khosla Rene Gendreau Kurt Pedersen Cliff Robertson George Halkidis
Kelly Milne Kent Coulter Bev Evans Edward Gudewill Mike Hryn
Dawn Carey Gilles Deraspe Derek Benedet Ken MacNeal Christian Strigl
David Porter Kyle Johnson Nancy Bounadere Max Nykanorov Brenden Soley
Fred Banwell Robert Byler Steve Reimer Trevor Stark Rory O’Connor
Vincent Yu Greg Cunningham Jeffrey Mackie Annie Deveault Grant MacEachern
Jason Ramdial Andrew Marsh Toni San Gabriel Neil Thompson Nichola Gallello
Chad Thorpe Helen Tran Alfred Thai Debbie Oswald Donald Ziol
Charles Fong Christy Neufeld Zamil Hirji Andy Tungol Isobel Turnbull
Ashley Litster Niall Mac Mahon Nick Bakish Andrew Innis Chloe Martin
Keenan MacNeal Lloyd Leonard Tanjou Bell Susan Thibodeau John Pantitis
Jeffrey Yee Allan Liao Lynn Kotsopoulos Denny Sempasa Kayla Gao
Kevin Pedra Pinal Gadhvi Ken Doll Brett Burke Pascal Alonzo
Marie-Luisa De Benedictis Ryan Knipfel Sean Hsu Marcus Christensen Andrew Feindel
Kyle Richie Diana Dowhaluk Joel Kruzich Andy Rafelman Tim Engelbert
George Fisher Mirelle Vitale Randall Bergh Panesh Mistry Vladimir Levtsun
Vanessa Gajilomo Don McPherson Keith Bekker Darren Harrold Duarte Freitas
Ben Trinh Leonor Agulto Sanjeev Shantharam Esme Hom Luca Di Vito
Genan Zamt Javier Velásquez Cathy Macleod Bob Goldberger Mohamed El Tagi
Francois Filion James Fray Anne Patterson Robert Hancock Michael Drayton
David Rubin Blair Pytak Lou Caci Lorne Searle Marshall Drozduk
Stephen Brice Darren Midgley Alan Nelson Adrian Wong Chris Housepian
Jim Dennis Gary Rasiuk Nargis Sunderji Ryan Sumner Nicole Budney
Alan Sinclair Maureen Glenn Robert Mendenhall Randy Gray Paul Landry
Charles De Kovachich Peter MacDougald Olga Constantopoulos Anna Greig Blair Robert Panes
Kathy Federkiewicz Talya Brown Edmund Chan Jeffrey Fray Joanne Burke
Ivo Mandadjiev Brandon Vignando Sylvia Azoulay Romain Marguet Kelly Johnston
George Adu Kerri-Ann Clare Sylvestre Margaret Chow Jasmine Ariss An Nguyen
Brian Terra Susan Fry Andrea Hazlewood Andrew Burnett Anson Lee
Tom Courteau Myron Kowaliw Nick Twyman Tim Pritchard Cielo Carin
Leah Bourgeois Craig Ripenburg Nazia Rehman
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About Richardson GMP
As one of Canada’s leading wealth management firms, Richardson GMP provides exclusive and innovative investment solutions to successful families and entrepreneurs across Canada. Since 2010, Richardson GMP has been awarded top rankings in the Investment Executive Brokerage Report Card for products and services dedicated to high net worth investors. Reflecting their commitment to high standards, Richardson GMP has earned certification – determined annually – from the Center for Fiduciary Excellence for their Separately Managed and Portfolio Management Account platforms. For the second consecutive year, Richardson GMP was recognized as a Great Place to Work™. For further information, please visit our corporate website at www.RichardsonGMP.com.
SOURCE Richardson GMP Limited
