On June 13, 2014, RCS Capital Corporation (NYSE: RCAP) announced the closing of its acquisition of Atlanta, Georgia-based J.P. Turner & Company, and its affiliate J.P. Turner & Company Capital Management, in a cash and stock deal.
On June 13, 2014, RCS Capital Corporation (NYSE: RCAP) announced that on June 12, 2014, it completed its acquisition of Atlanta-based J.P. Turner & Company, LLC, an independent brokerage and investment banking firm, and its affiliated investment advisory company, J.P. Turner & Company Capital Management, LLC. RCS Capital Corporation is a New York-based investment firm that engages in wholesale distribution and investment banking and capital markets business activities. The acquisition will add approximately $4 billion in assets under administration and 323 financial advisors to RCS Capital's retail advice platform. To read the press release, please click here.