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RCS Capital equity sales total USD816m in August

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RCS Capital Corporation (RCAP) saw USD816 million of equity sales for the month of August, equivalent to USD38.9 million per day.

The company has also reaffirmed a USD12 billion to USD14 billion wholesale equity sales target for 2014, including sales from Strategic Capital.
 
A total of 31 investment programmes offering over USD40 billion in registered equity currently in distribution or registration.
 
Additional selling agreements signed during the month create selling group of approximately 370 firms with over 80,000 financial advisors.
 
"In the heart of the summer and during August, which is typically an exceptionally slow month for sales, we are pleased to have delivered solid August sales across our wholesale portfolio," says Michael Weil, president of RCAP. "Investors continue to demonstrate their confidence in our platform and in alternative investments, and continue to recognise the significant benefits they provide.  We are pleased with the strong reception that our diverse product offerings have gained in the marketplace. As a result, we believe we are seeing positive momentum in our sales trends in the alternatives space heading into the balance of the year and remain confident in our 2014 total equity sales target."

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