Schorsch Strikes Again: ARCP to Buy Red Lobster Properites
American Reality Capital will pick up more than 500 restaurant leases via a $1.5 billion deal.
FINRA OKs RCAP’s Cetera Deal; Schorsch Group May Buy NorthStar Realty
Cetera adds about 6,600 reps to Realty Capital's growing brokerage operations.
Schorsch’s RCAP Grabs Cetera, Aims to Catch Up to LPL
Nicholas Schorsch could barely contain his enthusiasm about the deal, which brings his BD empire to about 8,900 advisors with $190 billion in client assets.
NEXT Financial Seen as Ripe for Schorsch’s Next Big Buy
An industry expert says the rep-owned IBD could be next in the real-estate magnate’s buying spree.
Schorsch’s American Realty to Buy Rival Cole REIT
The deal comes on the heels of purchases of First Allied and Investors Capital.
New Hire Roundup: U.S. Bank Names Jeppson CIO of Private Client Group
This week in new hires, Mary Martuscelli joined The Private Client Reserve as west region president, and Moss Adams announced a transition in leadership.
Top Portfolio Products: E*Trade Launches Bond Center; Goldman Adds New Funds
The latest iShares debut, as well as details on a new REIT and the latest annuity introductions.
Cole Real Estate Launches Daily NAV Non-Traded REIT
Cole Real Estate Investments' latest investment offering is a non-traded REIT registered with the SEC but nonetheless tied to the fund’s daily net asset value.
Top Portfolio Products: Global X Adds Greece ETF; Vanguard Cuts Purchase Fee
New products introduced over the last week include a new Greece-centric ETF from Global X, a purchase fee cut on a Vanguard fund, and two new ETNs from Deutsche Bank and Invesco.
New Hire Roundup: Dubois and Wassmann Join LPL; Jenks Goes to Putnam; Adams to EBRI
This week in new hires, Dubois and Wassmann join LPL; Stephen Jenks went to Putnam Investments; Nevin Adams joined EBRI; Donald L. McDonald became CEO at Prime Advisors; HighTower brought in Ann Rieder; and Barclays added 6 new advisors.