RCS Capital Corporation acquires Strategic Capital Companies
RCS Capital Corporation has acquired Strategic Capital Advisory Services (SCA), a provider of advisory and operational services to non-exchange traded alternative investment vehicles, and SC Distributors (SCD), a financial services distribution organisation focused on alternative investment products.
SCA and SCD (together SC) will continue to be operated by its current management under the Strategic Capital brand.
"We are extremely pleased to have completed the acquisition of Strategic Capital, further enhancing our industry leading wholesale distribution platform," says William M Kahane, chief executive officer of RCAP. "We believe the integration of Strategic Capital's superior investment product offerings coupled with its proven distribution model and technology platform will enable us to continue to execute on our vision to provide a diversified, high-quality portfolio of investment solutions, particularly with investment products beyond American Realty Capital-sponsored products. It will further help us expand our alternative investment solutions platform to meet the needs of the retail investor."
"We are excited to join the RCAP family," says Patrick Miller, co-founder of SC and president of SCD. "We are confident that our product sponsors and broker-dealer partners will realise significant benefits from our partnership with RCAP."
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