Nicholas Schorsch's American Realty Capital Advisors and rival nontraded-REIT sponsor KBS Capital Advisors are locked in a legal battle over proprietary information and trade secrets. Bruce Kelly reports.
Inland Diversified Real Estate Trust has agreed to merge with a publicly traded REIT in a $2.1 billion all-stock deal. The transaction represents average annualized return of 8% for investors. Bruce Kelly reports.
Move is the latest in a series of management changes at Cetera Financial Group.
Moving in to new position as executive VP for national sales.
In a head-turning move, newcomer to the independent broker-dealer industry Nicholas Schorsch is pulling off the largest independent-broker-dealer acquisition in years, with a cash deal to buy Cetera Financial Group.
Bringing light and due diligence should be a priority for the investment advice industry.
Plans to help Edgerton & Weaver, which specializes in representing B-Ds, RIAs and registered reps, build its consulting business.
One of Nicholas Schorsch's RCS Capital broker-dealer subsidiaries has an analyst questioning its future management structure after a change in the B-D's leadership.
No reason given for Donald Runkle's departure; worked at firm for 21 years.
