February 2, 2016
RCAP sets aside $50M retention pool for Cetera’s advisers
Company doesn’t release any other details of the plan, including how many of its 9,000 brokers will qualify Feb 1, 2016 @ 1:06 pm | By Bruce Kelly | Investment News As …

Read more

Company doesn’t release any other details of the plan, including how many of its 9,000 brokers will qualify

Feb 1, 2016 @ 1:06 pm | By Bruce Kelly | Investment News

Debt Relief, Just Ahead Green Road Sign Over Dramatic Sky, Clouds and Sunburst.

As part of its Chapter 11 bankruptcy, RCS Capital Corp. has set aside at least $50 million for retention bonuses slated for some of the 9,000 financial advisers affiliated with the broker-dealers that comprise its Cetera Financial Group, according to the firm’s bankruptcy court filing.

RCS Capital, or RCAP, gave no details in the court filings, filed in federal bankruptcy court in Delaware on Sunday evening, as to how that bonus pool would be doled out to its financial advisers.

Cetera advisers, as well as competitors and third-party recruiters, have been wondering since RCAP said it intended to file for bankruptcy at the beginning of January what a retention package would look like.

Full Article Located Here

Recent

Shorehaven Mixed-Use Development Tops Out in Tempe

Shorehaven Mixed-Use Development Tops Out in Tempe

Cantor Fitzgerald and Silverstein Properties mark a milestone with Shorehaven, a new luxury mixed-use project on Tempe Town Lake, featuring residential units, retail, and community amenities for a premier waterfront experience.
Leitbox White Paper: Generating Liquidity

Leitbox White Paper: Generating Liquidity

Read Leitbox's white paper for key insights on overcoming liquidity challenges and innovative strategies for effective capital return in today's market.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now