RCS Capital Corporation Provides Update on Ongoing Initiatives to Transform to Cetera-Only Independent Retail Business
RCS Capital Corporation today announced that, as part of its previously announced strategic initiatives to transform to a Cetera-only independent retail business, the Company has filed a prearranged plan of reorganization under Chapter 11.
RCS Capital Corporation Announces Agreement in Principle with Majority of First- and Second-Lien Lenders to Establish Cetera Financial Group as Wholly-Owned by Restructured Privately-Held Company and Obtain a $150,000,000 New Investment
RCS Capital Corporation announced that it has reached an agreement in principle with certain of its key stakeholders for a new investment of $150 million and the restructuring of its debt and capital structure. This agreement, which is supported by a steering committee of first- and second-lien lenders representing a majority of the principal amount outstanding, will allow the Company to restructure its debt and balance sheet and to focus on its retail advice division, Cetera Financial Group.
Cetera Financial Group Broker-Dealers Win Prestigious Industry Awards from WealthManagement.com for Contributions to Practice Management and Advisor Transition Support
Cetera Financial Group announces that it won two prestigious industry awards in the categories of Transition Support for its 90-in-90 plan and Practice Management for First Allied Securities Pentameter® tool at the inaugural WealthManagement.com 2015 Industry Awards, designed to recognize companies making outstanding contributions to support financial advisor success.
Financial Planning magazine's Charles Paikert highlights the most recent example of the growing importance of large regional advisory offices, as Cetera Advisor Networks LLC welcomes Gough Financial, a $300 million Wichita, Kan., advisory firm.
Cetera Advisor Networks to Provide Broker-Dealer Services to Gough Financial Group Advisors
Cetera Advisor Networks LLC welcomes the Gough Financial Group team (“Gough Financial”) to its broker-dealer platform. The Gough Financial team is aligning with Transcendent Advisor Networks, a Cetera Advisor Networks region, for supervisory and practice management support.
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