RCS Capital Corporation Announces Agreement in Principle with Majority of First- and Second-Lien Lenders to Establish Cetera Financial Group as Wholly-Owned by Restructured Privately-Held Company and Obtain a $150,000,000 New Investment
RCS Capital Corporation announced that it has reached an agreement in principle with certain of its key stakeholders for a new investment of $150 million and the restructuring of its debt and capital structure. This agreement, which is supported by a steering committee of first- and second-lien lenders representing a majority of the principal amount outstanding, will allow the Company to restructure its debt and balance sheet and to focus on its retail advice division, Cetera Financial Group.
First Allied Securities, a Cetera Financial Group Firm, To Provide Broker-Dealer and Registered Investment Advisory Services to Sawchuk & Langenstein Wealth Strategies Team
First Allied Securities announces that it will provide broker-dealer and, through its affiliate First Allied Advisory Services, registered investment advisory services to advisors with Sawchuk & Langenstein Wealth Strategies, which provides both fee- and commission-based wealth management advice.
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