9-12-13 7:12 PM EDT | Email Article

For 2013 YTD, Realty Capital Securities, LLC Enjoys 38% Market Share of Direct Investment Program Industry, Measured by Equity Capital Raised

Direct Investment Industry Year-over-Year Growth in Equity Capital Raised Tops 79%

NEW YORK, Sept. 12, 2013 /PRNewswire/ -- RCS Capital Corporation ("RCAP") (NYSE: RCAP) announced today that Realty Capital Securities, LLC ("Realty Capital Securities" or "RCS"), its FINRA-registered wholesale broker-dealer subsidiary, reported August 2013 direct investment equity capital raised of $895.9 million. When used in reference to RCS, "equity capital raised" represents the dollar volume of the aggregate gross proceeds from equity in direct investment programs sold by retail broker-dealers with whom RCS had an exclusive dealer manager relationship. See Table A below.  Year-to-date direct investment equity capital raised for RCS through the end of August 2013 totaled $6.1 billion, representing a 38.2% market share of all direct investment equity capital raised for the industry.

(Logo: http://photos.prnewswire.com/prnh/20130404/NY89181LOGO)

(Logo: http://photos.prnewswire.com/prnh/20130522/NY19075LOGO)

William M. Kahane, Chief Executive Officer of RCAP, commented, "We are pleased with our firm's performance during this year of record direct investment equity capital raised, and are gratified to see market acceptance of the direct investment programs distributed by RCS."

In addition, according to Robert A. Stanger & Co., Inc., year-to-date equity capital raised by direct investment programs through the end of August 2013 has topped $15.6 billion, representing a 79.3% increase over 2012. See Table B below.

Larry Roth, Chief Executive Officer of Realty Capital Securities, stated, "We believe that growth of the direct investment industry can be traced to a number of factors, including improvements in industry best practices and investor understanding of the positive attributes of alternative investments, including current income and low correlation to broader traded markets.  As the leader in the direct investment industry, RCS strives to be continually focused on how to meet the needs of independent broker-dealers and the financial advisor community and strives to place investors first."

Table A - Realty Capital Securities August 2013 and YTD Equity Capital Raised





($ in Millions)









August 2013


2013 YTD


RCS Equity

Capital Raised

Market Total

RCS Market Share


RCS Equity Capital Raised

Market Total

RCS Market Share

Equity REITs

$            837.0

$         2,177.4

38.4%


$         5,500.3

$       12,064.7

45.6%

Mortgage REITs

5.3

11.8

44.9%


276.1

799.1

34.6%

BDCs

53.6

477.7

11.2%


315.2

3,001.4

10.5%

Other

-

7.0

0.0%


-

89.3

0.0%

Total

$            895.9

$         2,673.9

33.5%


$         6,091.6

$       15,954.5

38.2%

Source: Robert A. Stanger & Co.







 

Table B - Direct Investment Industry Equity Capital Raised YTD 2013 and 2012

($ in Millions)





YTD 2013

YTD 2012

% Change 2012 to 2013

Equity REITs

$       12,064.7

$         6,422.6

87.8%

Mortgage REITs

799.1

516.4

54.7%

BDCs

3,001.4

1,819.4

65.0%

Other

89.3

141.7

-37.0%

Total

$       15,954.5

$         8,900.1

79.3%

Source: Robert A. Stanger & Co.



 

About RCAP

RCAP is a publicly traded Delaware holding company listed on the New York Stock Exchange formed to operate and grow businesses focused on the retail direct investment industry. RCAP holds a direct minority economic interest in RCS, a FINRA-registered wholesale broker-dealer and an investment banking and capital markets business, American National Stock Transfer, LLC, an SEC-registered transfer agent, and RCS Advisory Services, LLC, a transaction management services business. Additional information about RCAP can be found on its website at www.rcscapital.com. RCAP may disseminate information about itself, including the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn and Twitter.

About Realty Capital Securities

Realty Capital Securities was founded by Nicholas S. Schorsch, William M. Kahane and Michael Weil in February 2008.  RCS is led by Michael Weil, Chairman, Larry Roth, Chief Executive Officer, Louisa Quarto, President, Alex MacGillivray, Executive Vice President and National Sales Manager, and Richard Arnitz, Executive Director. RCS acts the dealer manager for various non-traded REITs and registered investment companies sponsored by American Realty Capital, as well as other non-traded REITS sponsored by other sponsors.

Important Notice

The statements in this press release include statements regarding the intent, belief or current expectations of RCAP and members of our management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "strives," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should" or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements, including those set forth in the Risk Factors section of RCAP's prospectus. Further, forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

SOURCE RCS Capital Corporation; Realty Capital Securities, LLC

Add a Comment

News   More...

Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - 2013/9/12 - RCS Capital Corporation Announces It Has Served as Dealer Manager With Respect to $896 Million of Direct Investment Equity Capital Raised in August
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: RCS Capital Corporation Announces Fourth Quarter and Full Year 2013 Operating Results Exceeding Management Guidance: $100.6 Million 2013 Income Before Taxes and $107.2 Million EBITDA  |  Next: RCS Capital Corporation Announces Third Quarter 2013 Operating Results In Line With Projections