(Bloomberg) -- RCS Capital -- the struggling broker-dealer cobbled together by real estate magnate Nicholas Schorsch -- has put its main operating unit, Cetera Financial, on the market and may take a huge loss, sources say.

The New York-based company is seeking at least $700 million for the division, which it bought just last year for about $1.2 billion, according to one of the sources. Cetera is a prominent network of 11 broker-dealers offering various wealth and asset management services. Cetera is on track this year to generate about $100 million in EBITDA, a key gauge of cash flow, a source says.

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