NEW YORK CITY—RCS Capital Corp. is launching acrowdfunding investment platform, acquiringlocally based Trupoly Inc. as part of theinitiative. RCAP president Michael Weil will leadthe new platform, which will be branded under the name We RCrowdfunding and is expected to launch in September usingRCAP's existing broker-dealer network.
“We expect 'We R Crowdfunding' to provide investors directaccess to public and private offerings," says Weil. These includeRegulation A and Regulation D offerings, mutual funds andclosed-end fund offerings, "in a variety of industries andsectors.”
He says the platform will permit investors, whether on their ownor working with financial advisors, “to access, investigate andparticipate in a wide range of offerings from a vast pool of assetclasses. We are making a small capital investment at this time togain access to a significant potential market that we expect todevelop over the next several quarters.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.