American Realty Capital
A private sponsor and manager of alternative investment, particularly nontraded REITs
Known as ARC, this full-service investment advisory firm is by far the largest current sponsor of nontraded REITs and other illiquid alts.
Six large, ARC-sponsored nontraded REITs and BDCs that have raised equity in 2014:
RCS Capital Corp. (RCAP)
A publicly traded securities firm
Cetera Financial Group
When all deals are completed, will have 9,700 reps providing retail financial advice on about $214B in current asset.
American Realty Capital Properties Inc. (ARCP)
A listed, net-lease real estate investment trust
$21.3B in total assets. Also manages nontraded REITs sponsored by Cole Capital with about $5B in assets.
Significant M&A
Other businesses
Mr. Schorsch's empire doesn't stop at the entities listed above. Two others of note:
Wealth Consulting Group, Coastline and Maridea report fresh capital, acquisitions and asset growth as advisor M&A keeps climbing
Carson Group's Dani Fava, Jason Pereira of Woodgate Financial, and Sally George of Convergency Partners led the raise as the growth-tech startup builds out its AI platform and leadership bench.
New teams from William Blair, Ameriprise and UBS bring more than $560 million in combined client assets to the firm's employee and independent channels.
Regulators this year approved UBS Bank USA’s conversion to a nationally chartered bank.
How a subprime lender’s car-loan bonds allegedly unraveled before bankruptcy.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income