Schorsch again expands financial services holdings

11/21/2013 | InvestmentNews (free registration)

Nicholas Schorsch and RCS Capital have acquired broker dealer Summit Financial Services Group for $49 million. The move is the latest by Schorsch into financial services, adding to recent acquisitions of First Allied Securities and Investors Capital Holdings and bringing his network of registered representatives and financial advisers to about 2,300.

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