Richardson Wealth, Bloom Burton in healthcare alliance to expand wealth solutions

Richardson Wealth, a unit of RF Capital Group (TSX:RCG), and Bloom Burton, two Canadian financial services firms, entered into a strategic alliance dedicated exclusively on the healthcare sector.

The strategic alliance would enable Richardson Wealth to expand an already broad shelf of wealth solutions by providing advisors and their high net worth clients preferred access to Bloom Burton’s leading healthcare-specialized research, investment ideas, new issues, investment funds and investor events.

In addition, Bloom Burton’s issuer clients and institutional investors will benefit from the investment capacity and expertise of Richardson Wealth’s established and growing network of professional, experienced, and knowledgeable investment advisors.

“Our talented investment advisors and their clients are front and center to everything we do,” Kish Kapoor, president and CEO of RF Capital, said in a statement. The alliance with Bloom Burton, and its leadership and expertise in the healthcare sector, “perfectly complements that commitment to advisors.”

Brian Bloom, chairman and CEO of Bloom Burton, said that with more than 19 Canadian locations, high caliber investment advisory teams, 32,000 clients and over $30-billion in client assets, “Richardson Wealth is the ideal partner for Bloom Burton as we support the Canadian healthcare sector together. We look forward to having greater access to capital and networks, as we partner with one of Canada’s leading independent investment firms.”