Is AIG Advisor Group the next big fish Schorsch wants to land?
May 23, 2014by Bruce Kelly, Investment News There are a lot of reasons why RCAP might be trolling for Larry Roth's old firm To build a network of 20,000 advisers, RCS Capital Corp. and Larry Roth, the newly anointed chief executive of its retail brokerage umbrella unit, Cetera Financial Group, are undoubtedly considering another big and bold move. Cetera will have about 9,800 registered reps and advisers under the roofs of its far-flung network, once a few pending deals close by the end of June. That rep headcount would put the Cetera network second in the industry, behind only LPL Financial, with 13,600 reps and advisers. Second place, however, isn't good enough for RCS Capital, known by its ticker RCAP, and its executive chairman, the hard-charging, nontraded real estate investment trust czar Nicholas Schorsch. Indeed, RCAP and Mr....
