RCS Capital Announces Agreement to Acquire J.P. Turner

January 22, 2014

On January 17, 2014, RCS Capital Corporation (NYSE: RCAP) announced that it will acquire J.P Turner & Company, an independent brokerage and investment banking firm, and J.P. Turner & Company Capital Management, its investment advisory affiliate.


On January 17, 2014, RCS Capital Corporation (NYSE: RCAP) announced that it will acquire J.P. Turner & Company, LLC and J.P. Turner & Company Capital Management, LLC (collectively, “J.P. Turner”).  J.P. Turner will become part of RCS Capital’s independent financial advisor network.  The transaction, expected to close later this year, is subject to regulatory approval and customary closing conditions.  The terms of the transaction were not disclosed.  RSC Capital is a publically traded holding company that operates, and owns a minority stake in, businesses in the retail direct investment industry. 

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Categories

Investment Manager M&A, Transactions