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:
North American wealth deal count rises 20% but value drops as big-ticket transactions vanish.
Benchmark sale to Söderberg & Partners tightens wealth focus ahead of $13.5B US deal
A trustee says it has no record of the investor now suing it for $50 million
Legislation seeks to loosen access to private markets to include professional advice from RIAs and broker-dealers, not just income or net worth.
"I just feel like I can get a lot further [by] opening a 529 account," said one respondent to the BabyCenter survey on Trump accounts.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.