Nicholas Schorsch is continuing his acquisition spree with the intended purchase of Investors Capital Holdings, a move that was announced by Schorsch’s RCS Capital Corporation (RCAP) Wednesday.

The transaction, which is expected to close in the first quarter of 2014 and significantly expands RCAP’s reach into the independent broker-dealer sector of the industry, comes one day after the announcement that the public holding company will acquire Hatteras Funds Group.

Investors Capital is a financial services holding company that operates primarily through its wholly owned broker-dealer and registered investment advisor subsidiary, Investors Capital Corporation. It will continue to operate under the leadership of Tim Murphy, president and CEO.

The acquisition of Investors Capital, which has approximately 550 registered representatives across the United States, is expected to complement and diversify RCAP’s revenue stream from its other lines of business. Schorsch is a leader in the nontraded REITs market.

On Tuesday it was announced that the fast-growing RCAP is expanding its presence in the alternative investments space with the acquisition of Raleigh, N.C.-based Hatteras Funds Group. The transaction will provide more financial resources to Hatteras, a leader in the emerging market for liquid alternative investments.

Only last week it was announced that RCAP finalized its acquisition of First Allied Holdings, a San Diego-based broker-dealer. Last month, its New York-based RC Securities unit hired former Advisor Group CEO Larry Roth to oversee investment banking business, as well as its distribution company and transfer agency