Richter Family Office expands into Calgary
“This has been probably one of the most prolific wealth creation areas in the country,” partner Michael Kaumeyer said in an interview at Calgary’s Ranchmen’s Club.
Partners named in June
In a June 4 news release, Richter announced that Kaumeyer and Errol Kuszner had joined as partners. Kaumeyer, who is rooted in Calgary, was to help anchor the firm’s Western Canada expansion. The firm said it already served clients in Alberta and British Columbia.
Founded in 1926, Richter marked its 100th anniversary this year. It describes itself as Canada’s only Business Family Office.
Ultra-wealthy ranks grow
Ultra-wealthy Canadians, defined as those worth US$30 million or more, number close to 13,000 this year. That is up about 20% from 2021, the Financial Post reported, citing Knight Frank. Knight Frank’s 2026 wealth sizing model put the global count at 713,626, up from 551,435 in 2021.
The wealth gap in Canada, meanwhile, continued to widen last year. Statistics Canada defines it as the difference in net worth share between the top 20% and bottom 40% of households. It reached 62.7 percentage points at the end of 2025, up 0.6 points over the year. The top 20% held 65.7% of household net worth, and the bottom 40% held 3.0%.
