JMP Securities, a full-service investment bank, has inked a distribution agreement with RCS Capital.
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Under the agreement, JMP Securities will distribute initial public offerings and other securities offerings to more than two million retail brokerage customers through RCS Capital’s retail brokerage platform.
In addition, the partnership aims to complement JMP Securities institutional equities platform and will also benefit its investment banking clients by providing them access to retail investors.
Carter Mack, president of JMP Group, said: "We believe that this agreement will be of great value to our corporate clients who turn to us for underwriting services, while also providing RCS Capital’s retail brokerage customers with the opportunity to participate in JMP Securities’ future offerings."
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