Tagged: michael weil

Brief: RCS Capital Forms Agreement With Lenders to Covenant Modifications

RCS Capital Corporation (NYSE:  RCAP) (“RCS Capital”) announced on Tuesday that it has agreed with its first and second lien lenders under its existing credit facilities to certain leverage ratio covenant amendments in addition to other modifications. Michael Weil, Chief Executive Officer of RCS Capital, commented: “We… Read More

RCS Capital Corporation Acquires Girard Securities

RCS Capital Corporation (“RCS Capital”), announced today that on March 18, 2015, it closed its previously announced acquisition of independent broker-dealer Girard Securities, Inc. (“Girard”).  Girard has over $10 billion of assets under administration and 250 financial advisors, bringing Cetera Financial Group’s total assets under administration to $236 billion and nearly… Read More

RCS Capital Corporation Completes VSR Group, Inc. Acquisition

RCS Capital Corporation (“RCS Capital”) (NYSE:  RCAP), announced today that on March 11th, 2015, it closed its previously announced acquisition of VSR Group, Inc. and its wholly-owned subsidiary, VSR Financial Services, Inc. (collectively, “VSR”). VSR, a family owned broker-dealer for 30 years based in Overland Park, Kansas, is a respected regional… Read More

RCS Capital Corporation Announces $9.7 Billion 2014 Wholesale Distribution Sales

RCS Capital Corporation (NYSE:  RCAP) (“RCS Capital” or the “Company”) announced on Monday (January 5th) that its wholesale broker dealer subsidiaries, Realty Capital Securities, LLC, (“Realty Capital Securities”), SC Distributors (“Strategic Capital”) and The Hatteras Funds, raised $9.7 billion for calendar year 2014, maintaining its leading market share for… Read More

Brief: Mark Auerbach is New Board Chairman at RCS Capital

RCS Capital has made several changes to the Board of Directors including the appointment of Mark Auerbach as Board Chair, effective immediately.  Auerbach succeeds Nicholas Schorsch who has decided to step down. Simultaneously William Kahane has resigned from the RCS board as well. Auerbach commented… Read More

RCS Capital Corporation Issues Statement Regarding Recent Market Developments

RCS Capital Corporation (“RCS Capital”), in light of recent market developments, issued the following statement: CEO of RCS Capital, Michael Weil stated,”The fundamentals driving the success of our business remain strong and unchanged.  Our confidence in the long-term prospects for the company is resolute. There… Read More

RCS Capital Corporation Announces Exchange of Existing Convertible Preferred Shares

RCS Capital Corporation (NYSE:  RCAP) announced today that it has entered into an agreement to exchange RCS Capital’s existing Series A convertible preferred stock owned by Luxor Capital Group LP and its affiliates (“Luxor”) for a new series of perpetual preferred and a new series of… Read More

RCS Capital: Certain Broker Dealers Have Resumed Sales of Products While Executives Buy Shares in Own Company

In a company release RCS Capital Corporation (NYSE: RCAP) stated that certain broker-dealers have resumed sales of products distributed by RCS Capital the company’s wholesale distribution business, pursuant to 51 recently reinstated selling agreements. RCS Capital states it has 1,020 active selling agreements and works… Read More

RCS Capital Corporation Announces Agreement with JMP Securities to Distribute Securities Offerings Through Cetera Financial Group

RCS Capital Corporation (NYSE: RCAP), Realty Capital Securities, LLC, a FINRA-member broker-dealer subsidiary of RCAP, and JMP Securities LLC (NYSE: JMP), the investment banking and capital markets division of JMP Group Inc., announced on Thursday (October 16th) an agreement that provides the over 9,700 financial advisors at Cetera… Read More

Docupace Technologies Announces Significant Investment from RCS Capital

Los Angeles-based Docupace Technologies (Docupace), a provider of secure and compliant electronic processing technology for financial institutions and the wealth management industry, announced on Thursday (September 18th) that RCS Capital Corporation (NYSE: RCAP) will help drive Docupace’s next stage growth plans with a significant investment in the… Read More

RCS Capital Corporation Launches “We Are Crowdfunding” Platform

RCS Capital Corporation (NYSE: RCAP) announced on Monday (September 8th) the launch of “crowdfunding 2.0” investment platform, We Are Crowdfunding. The new website is designed to provide investors direct access to high caliber, institutional quality public and private investment offerings. We are Crowdfunding will offer… Read More

RCS Capital to Launch Investment Crowdfunding Site: “We R Crowdfunding”

Simultaneously Announces Acquisition of Trupoly. RCS Capital Corporation (NYSE: RCAP), has announced that it is establishing an investment crowdfunding platform which it will operate under the name, “We R Crowdfunding.”  Concurrent with this announcement, RCAP revealed they had acquired Trupoly, a New York based white… Read More

Send this to a friend