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Rcs capital ss july 2014


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This investment firm is one of the best values in the financial sector

Published in: Economy & Finance, Business
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Rcs capital ss july 2014

  1. 1. RCS Capital Corporation: An Investment Firm With 27% Upside Potential
  2. 2. Who is RCS Capital? • Retail advice • Wholesale distribution • Investment management • Investment banking • Research RCS is a full-service investment firm with operations in: Source: company
  3. 3. • RCS focuses on individual retail investors • The company’s mission is to protect, support, grow and maximize value for its advisors and clients
  4. 4. Retail Advice • RCS has the second largest retail financial advisor network in the U.S. – Over 9,000 representatives and advisors in all 50 states
  5. 5. Investment research • Subsidiary SK Research provides broker-dealers and advisors with analytical resources needed to evaluate investments • Services include – Due diligence services – Research publications – Training and education for financial advisors
  6. 6. Wholesale distribution • Through RC Securities and soon-to-be- acquired SC Distributors, the company distributes alternative investment offerings • The company is the number one non- traded platform of equity offerings in the market – 34% market share
  7. 7. Types of investments offered by RC Capital • Public, non-traded Business Development Company • Business Development Corporation of America (BDCA), which has produced 31% total return over the past two years • Income funds (ARC) • REITS, like New York City REIT • Many others, listed on RCS’s website
  8. 8. Investment Management • Subsidiary Hatteras Funds provides unique alternative investment funds such as – Hedged Strategies – Managed futures – Debt/equity – Venture capital funds
  9. 9. Investment Banking and Capital Markets • RCS is one of the only investment banks focused on the underserved alternative investment sector • The company advised on $35 of capital markets and M&A activity in 2013 and YTD 2014 and more than $10 billion in debt markets transactions
  10. 10. Why do analysts like RCS? • New products • RCS had a record quarter for new products in Q1 with the introduction of four new investment products • $6.3 billion in new equity distributions • Acquisitions improve efficiency • The company plans to integrate its six retail advice platforms, which will improve the efficiency of operations
  11. 11. A good value! • RCS trades for just 12 times 2014’s projected earnings of $1.79 per share • Industry average is 18.2 times earnings • The consensus calls for earnings to grow by more than 50% by 2016
  12. 12. Are these dividend stocks an even better investment than RCS Capital?