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Stock Market & Financial Investment News

News Breaks
January 17, 2014
06:08 EDTRCAPRCS Capital agrees to acquire J.P. Turner
RCS Capital announced that it has entered into an agreement to purchase J.P. Turner & Company, an independent brokerage and investment banking firm, and its affiliated investment advisory company, J.P. Turner & Company Capital Management. Following the acquisition, J.P. Turner will become part of the independent financial advisor network at RCAP and will complement and help to further diversify RCAP's revenue base, which presently is derived from its wholesale distribution business, investment banking and capital markets services activities, investment management work, and transaction management and transfer agency lines of business. The transaction is expected to close later in 2014 and is subject to certain regulatory approvals and filings and certain customary and other closing conditions, including completion by RCAP of its pending acquisition of Cetera Financial Holdings.
News For RCAP From The Last 14 Days
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October 16, 2014
09:09 EDTRCAPJMP Group enters into distribution agreement with RCS Capital
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09:02 EDTRCAPJMP Services announces distribution agreement with RCS Capital
JMP Group (JMP) announced that JMP Securities has entered into an agreement with RCS Capital Corporation (RCAP). Based on this agreement, JMP Securities will have the capacity to distribute initial public offerings and other securities offerings to more than two million retail brokerage customers through RCS Capitalís network of more than 9,700 financial advisors, vastly increasing JMP Securitiesí access to retail investors.

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