Schorsch swoops for Cetera

01/16/2014 | InvestmentNews (free registration)

RCS Capital, the broker-dealer holding company led by Nicholas Schorsch, has announced that it is buying Cetera Financial Group for $1.15 billion. The move will add four broker-dealers and 6,600 registered representatives and financial advisers to Schorsch's holdings, making it the third- or fourth-largest network.

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