Private-equity giant Apollo Management has agreed to pay $25 million for the wholesaling business of broker-dealer holding company RCS Capital (RCAP). In a separate deal, the company's largest shareholder, Nicholas Schorsch, and his partners will receive a huge payday in return for a stake in a new ...
Deni DuFault, ChFC, of Deni DuFault Financial Services, Recognized as 2015 Five-Star Wealth Manager
Now that RCS Capital Corp. has sold its wholesaling business, the cost-cutting can begin in earnest at the 11 broker-dealers with 9,500 advisers who make up its Cetera Financial Group, led by CEO Larry Roth.
Apollo Global Management Announces Strategic Transactions
Fallout from ARCP hurt wholesaling unit but executives remain confident in recovery.
RepliCel Presenting at InvestMNT Investor Conference in Minneapolis
Billionaire's family office is boosting its holding in RCS Capital Corp. to 5%, according to regulatory filings.
The number of closed-end funds available has shrunk by nearly one fifth since 2011.