Staff
Richardson GMP’s revenue increased to $73.4 million in Q4 2016, an 11% increase over the same period a year earlier.
The increase was primarily driven by higher management fees and client trading commissions, GMP Capital says in its earnings release for the fiscal quarter ended December 31, 2016. GMP Capital owns a non-controlling 31% interest in Richardson GMP; the remainder is owned by the Richardson family and RGMP advisors.
Richardson assets under administration increased 12% to $29.4 billion from the same period a year earlier. Assets are administered by 199 advisor teams, with an average AUA per team of nearly $150 million.
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