RF Capital Group Inc. announced that following an internal selection and appointment process, David Porter was selected to fill the board seat vacated by the previous advisor incumbent, Marc Dalpé. Mr. Porter will join the board effective January 1, 2023. The company invited its 914 employees, advisors, and advisor teams to participate in the selection of an IA nominee director to be appointed to the board.

The following six Richardson Wealth advisors stood for the run-off election: Stephen Cudmore (Charlottetown), Brad Gustafson (Calgary), Rosemary Horwood (Toronto), Susan O'Brien (Calgary), David Porter (Edmonton) and Francis Sabourin (Montreal). Stephen Cudmore and David Porter were elected to the final ballot by advisor teams representing 82% of total AUA, along with 383 employees who support them. The board approved both candidates after conducting due diligence and a final vote by the same constituency elected Mr. Porter.

The company also announced the creation of a new CEO Advisory Council that will consist of advisor representation across the country and the five other advisors who stood for election. The council will meet four times a year to provide direct feedback and guidance that will help Richardson Wealth continue to further enhance its overall advisor and client experience.