RCS Capital Closes Acquisition Of Investors Capital - Quick Facts

(RTTNews) - RCS Capital Corp. (RCAP) announced the closing of its previously announced acquisition of Investors Capital Holdings, Ltd. (ICH) an independent broker-dealer headquartered in Lynnfield, Massachusetts.

Commenting on ICH, the company said it is a financial services holding company that operates primarily through its wholly-owned broker-dealer and registered investment advisor subsidiary, Investors Capital Corporation.

Also, ICH will continue to operate under its existing management team and brands as part of the RCAP retail advice platform, RCS Capital said.