Business

Finding Financial Freedom With the Help of CEO Richard Dolan

Published

5 years ago

January 4, 2021

Richard Dolan is the CEO and founder of LEGACY, a Toronto-based privately held boutique firm specializing in providing resources to those looking to understand their finances better.

He is a wealth merchant specializing in bringing financial life education, solutions and possibility to his clients with power, grace and ease. The company offers mentorship, advisory services, and coaching to its thousands of clients worldwide. With years of experience in the industry, Richard has perfected his strategies for helping others achieve financial freedom.

Having started as an understudy to financial global thought leaders, investment advisors, and institutions, Richard has come to obtain a great deal of knowledge about different aspects of the industry. He’s used it to help him create the best resources for every client who approaches his company for help, and it’s safe to say he’s found that winning approach.

Richard and his company have collaborated with a number of big brands in the finance industry, including ING, Trimark Mutual Funds, BNP Paribas, Societé Generale, Fidelity Investments, CIBC, TD Bank, Royal Bank (RBC), Scotiabank, and National Bank of Canada.

Within the last 30 years of his career, Richard has come a long way from where he started at the age of 16. Richard’s first introduction to wealth management was shortly after he was kicked out of his home and had to fend for himself. He found a job at a Bay Street firm, where he was tasked with cold calling clients all day, every day.

As Richard watched all the businessmen in the office, he knew that he wanted to reach the same level of success one day. None of them ever brought a lunch to work, always going out in their luxury cars, then coming back to talk about what they did at their summer homes. That wealth is what Richard set his sights on, and for the next few years, he worked hard until he co-founded his first asset management company at the age of 23.

After scaling his business for a few years and raising $1 billion in assets, Richard and his partner sold it for $144 million. This experience taught Richard a fair deal of essential things, like persistence and going for one’s goals. He went on to apply both of these to all future ventures, including when he obtained a position as the president and partner of one of North America’s longest-running private real estate investing network groups before selling his share in 2019.

Today, Richard focuses on LEGACY and helping others reach the heights he has. Public speaking has been an excellent tool for that. He’s even found himself on stage alongside Michelle Obama, Hillary Clinton, Oprah Winfrey, Ellen Degeneres, Sir Richard Branson, Deepak Chopra, and others. Richard has also toured with US presidents Bill Clinton, George W. Bush, Barack Obama, and Donald Trump.

Richard shares his experiences on his Instagram, @Richie_Dolan, and offers insight into his life. More information can be found on his website, RichardDolan.com.

Business

Black Banx Group — Third Quarter 2025 Results

Published

1 day ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.