Richardson GMP Investment Advisors with 97% of assets under administration support the terms of GMP Capital’s proposed acquisition of Richardson GMP

Christel Deskins

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 […]

  • 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”).

Investment Advisors with approximately 97% of assets under administration support the terms of the RGMP Transaction (CNW Group/Richardson GMP Limited)

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.

We the undersigned



 

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

 

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

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