RCS Capital Corporation (RCAP), a financial services firm, has completed the takeover of Strategic Capital Advisory Services (SCA) and SC Distributors (SCD) a financial services provider focused on alternative investment products.
The acquisition will boost RCA’s investment solutions offerings and will also expand its distribution platform focused on alternative investments.
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Following the transaction, SC will operate its current management under theStrategic Capital brand.
William Kahane, CEO of RCAP, said: ""We believe the integration of Strategic Capital’s superior investment product offerings coupled with its proven distribution model and technology platform will enable us to continue to execute on our vision to provide a diversified, high-quality portfolio of investment solutions, particularly with investment products beyond American Realty Capital-sponsored products.
"It will further help us expand our alternative investment solutions platform to meet the needs of the retail investor," he added.
Patrick Miller, co-founder of SC, and President of SCD, said: "We are confident that our product sponsors and broker-dealer partners will realize significant benefits from our partnership with RCAP."
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