RCS Capital Corporation raised $9.7 billionStaff writer ▼ | January 5, 2015
RCS Capital Corporation announced that its wholesale broker dealer subsidiaries, Realty Capital Securities, SC Distributors, and The Hatteras Funds, raised $9.7 billion for calendar year 2014, maintaining its leading market share for non-traded investment programs.
Good results Wholesale broker dealer subsidiaries
Additionally, RCS Capital announced that 123 of its previously suspended selling agreements had been reinstated to date. Between those reinstated selling agreements and those that were never suspended, Realty Capital Securities ended 2014 with 87% of its active selling agreements in place.
The company noted that several programs previously distributed on the Realty Capital Securities platform successfully completed their equity raises and were closed for new sales since October 30, 2014, and are no longer available. As such, those selling agreements will not be reinstated.
Realty Capital Securities currently has an industry leading 1,097 active selling agreements and works with over 325 broker dealers and registered investment advisors or "RIA's" to distribute alternative investment solutions. The further integration of Strategic Capital's unaffiliated programs has allowed the company to expand its distribution.
Inclusive of programs distributed by Strategic Capital, the company currently has 1,487 active selling agreements. As such, over 90% of the combined Realty Capital Securities and Strategic Capital prior selling group are currently able to sell products distributed on each of their platforms.
This is indicative of the benefits and the value broker dealers, financial advisors and their clients see in the alternative investment offerings supplied by these platforms. ■