Date: 09.02.15

Cetera Financial Institutions Welcomes Alabama Credit Union Investment Services Team to Broker-Dealer Platform

Newly Branded ACU Investment Services to Focus on Growth and Strengthen Relationship with Existing Credit Union Membership

St. Cloud, MN – Cetera Financial Institutions, a firm with Cetera Financial Group®, the retail advice platform of RCS Capital Corporation (NYSE: RCAP), announced today that it will provide broker-dealer services and solutions to Alabama Credit Union’s (ACU) investment management program. The new offerings will be marketed as ACU Investment Services with the support of Cetera Financial Institutions, which provides customized investment solutions to more than 600 financial institutions nationwide.

Organized in 1957 as a not-for-profit entity to serve the University of Alabama, today the Tuscaloosa, AL.- based ACU is Alabama’s fastest growing credit union. It has a client base spanning 24 branches across the state and a membership consisting of people who live, work or attend school in over 20 counties in Alabama, and one in Florida. The ACU Investment Services team is comprised of Ray Pfeiffer, with 15 years of experience as an Investment Representative and 35 years working in the insurance industry, and Jennifer Beatty, Investment Executive with 5 years of experience. With approximately $40 million in brokerage assets as of June 2015, the team offers product and service support in the areas of financial planning, investments and insurance.

Catherine Bonneau, President and Chief Executive Officer of Cetera Financial Institutions, commented, “We are excited to welcome the Alabama Credit Union Investment Services team to our platform and look forward to helping them realize their growth aspirations. We anticipate working closely together to strengthen and expand upon their relationship with ACU’s existing membership and are happy to offer them the same individualized and one-on-one support they offer their members. Additionally, we are eager to provide them with access to all the resources we dedicate to bank and credit union investment services programs, including marketing and enhanced technology capabilities.”

Mr. Pfeiffer said, “We are eager to work with Cetera Financial Institutions, who will help ensure our clients remain at the center of our investment strategies and business decisions. As we stand behind our membership to help them pursue their financial dreams, Cetera Financial Institutions stands behind the ACU Investment Services team and supports our business. By providing us with enhanced resources, we’re better able to service our membership and improve their client experience. Our most important relationship is with our clients and working with Cetera Financial Institutions, we are confident that our members’ objectives will continue to drive the decisions we make.”

“We look forward to our new relationship with Cetera Financial Institutions. We selected them because we felt they were the firm who would be able to move our program forward in a way that best suited the needs of our members. Cetera Financial Institutions’ culture and values are a good fit for us and we are pleased to have their support as we continue growing our investment program,” concluded Steve Swofford, President and Chief Executive Officer of ACU.

About Alabama Credit Union

Alabama Credit Union is a progressive, member-owned financial cooperative whose mission is to improve the quality of life of its members with the highest level of service and building member trust. Alabama Credit Union, based in Tuscaloosa, AL., was organized in 1957 to serve The University of Alabama. Today, its membership base spans 24 branches across Alabama, with a community consisting primarily of students and faculty affiliated with several schools and universities in the state. As a not-for-profit entity, it operates without taxpayer funding. To learn more, please see or visit to learn more about ACU Investment Services.

About Cetera Financial Institutions

Cetera Financial Institutions is the marketing name of Cetera Investment Services LLC, a self-clearing registered broker-dealer that delivers customized investment and insurance solutions to nearly 500 financial institutions nationwide. Cetera Financial Institutions helps institutions expand their financial offerings, which allows clients to pursue their financial goals through a holistic approach while delivering sound and strong financial solutions. Through Cetera Investment Advisers LLC, an SEC registered investment adviser firm, financial advisors receive a wide array of solutions and back-office support, so that they can focus on their clients.

Cetera Investment Services LLC and Cetera Investment Advisers LLC are part of Cetera Financial Group, the retail advice platform of RCS Capital Corporation (NYSE: RCAP), which provides wealth management and advisory platforms and innovative technology to approximately 9,500 independent financial advisors nationwide. Cetera Investment Services is a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA). For more information, see

About Cetera Financial Group

Cetera Financial Group® is the retail investment advice platform of RCS Capital Corporation (NYSE: RCAP). It is comprised of eleven firms – four legacy Cetera-branded firms (Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services, marketed as Cetera Financial Institutions, and Cetera Financial Specialists) along with First Allied Securities, Investors Capital, J.P. Turner and Company, The Legend Group, Summit Brokerage and recently acquired VSR Financial Services and Girard Securities. The platform is the second largest independent financial advisor network in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions. Cetera Financial Group® delivers award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, and innovative technology to approximately 9,500 independent financial professionals and over 600 financial institutions nationwide. Through its distinct firms, Cetera Financial Group® offers the benefits of a large, established broker-dealer and registered investment adviser, while serving independent and institutions-based financial advisors in a way that is customized to their unique needs and aspirations. Cetera Financial Group® is committed to helping advisors grow their businesses and strengthen their relationships with clients. For more information, visit

About RCS Capital

RCS Capital Corporation (NYSE: RCAP) is a full-service investment firm expressly focused on the individual retail investor. With operating subsidiaries including retail advice services, wholesale distribution, investment banking, capital markets, investment research, investment management and crowdfunding, RCS Capital’s business is designed to capitalize, support, grow and maximize value for the investment programs it distributes and the independent advisors and clients it serves. Additional information about RCS Capital can be found on its website at RCS Capital may disseminate information about itself, including the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn and Twitter.

Important Notice

The statements in this press release include statements regarding the intent, belief or current expectations of Cetera Financial Institutions and Cetera Financial Group and members of their respective management teams, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should," "look forward" or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements due to certain factors. Additional factors that may affect future results are contained in RCS Capital's filings with the SEC, which are available at the SEC's website at Further, forward-looking statements speak only as of the date they are made, and none of Cetera Financial Institutions, Cetera Financial Group or RCS Capital undertakes any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

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