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RCS Capital Corporation Completes Acquisition of Cetera Financial Group

Apr 29, 2014 - PR Newswire
Board and Executive Moves-Mergers and Acquisitions

  $1.15 Billion Transaction Establishes RCS Capital as the Second Largest Independent Financial Advisor Network in America     NEW YORK, April 29, 2014 /PRNewswire/ -- RCS Capital Corporation ("RCAP") (NYSE: RCAP), announced today that it has closed its previously announced acquisition of the Cetera Financial Group ("Cetera"), a leading independent broker-dealer headquartered in El Segundo, CA, from affiliates of Lightyear Capital for $1.15 billion in cash.         The transactio...