RCAP Holdings, the private equity firm best known as an innovator in the non-traded REIT industry, surprised many observers by announcing it will buy the 26th largest independent broker dealer in the country, First Allied Holdings.

However, independent broker-dealers should ready themselves for a lot more of the same, according to RCAP founder and CEO Nick Schorsch, and another key executive involved in the First Allied deal.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access