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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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May 5, 2015
06:21 EDTRCAPRCS Capital raised $457M of total equity in April
RCS Capital announced that its wholesale broker-dealer subsidiaries, Realty Capital Securities, SC Distributors, and The Hatteras Funds raised approximately $457M of total equity capital in the month of April through 30 direct investment programs and registered investment companies. Sales of direct investment programs in April totaled nearly $430M, which represents an 85% increase over November 2014 sales. Total equity capital raised of $457M represents a 75% increase over November 2014 sales.
May 1, 2015
06:04 EDTRCAPRCS Capital expands board
RCS Capital announced the appointment of R. Lawrence Roth and Brian Jones to the company's board, effective immediately. Roth currently serves as CEO of Cetera Financial Group while Jones currently serves as the CFO of RCS Capital.

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