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Tuesday, 11/17/2015 1:08:40 AM

Tuesday, November 17, 2015 1:08:40 AM

Post# of 30300
RCAP's New CEO: "We believe Cetera Financial Group remains a strong franchise, and we are confident in our core business as we continue to see opportunities to gain market share and capitalize on the growing need for independent, high quality retail advice," said R. Lawrence "Larry" Roth, Chief Executive Officer of Cetera Financial Group. "We have had continued success recruiting and retaining advisors as a result of the size, scale and resources we offer through our platform, and we remain optimistic on recruiting and advisor retention for the balance of 2015 as well as the coming year. Despite market headwinds, which included market volatility and a continuing low interest rate environment, we saw encouraging trends within the business as retention and net new asset trends remained strong. Moving forward, we are continuing to focus on driving growth in our advisory business, both through traditional and digital channels, particularly in response to pending industry reforms led by the Department of Labor. We expect to see continued earnings improvement within the Retail Advice division as our ongoing initiatives take hold while we continue to implement new cost management procedures to improve our bottom line performance."

http://www.prnewswire.com/news-releases/rcs-capital-corporation-announces-third-quarter-2015-operating-results-from-continuing-operations-300179719.html

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