B. Riley Financial Provides Update on Wealth Management Business

Nov 1, 2024 · Enters into Agreement with Stifel Financial Corp. to Sell a Portion of Wealth Management Business. LOS ANGELES, Nov. 1, 2024 /PRNewswire/ -- B. Riley Financial, Inc. …

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B. Riley To Sell Portion Of Wealth-Management Unit To Stifel

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Nov 1, 2024 · (Bloomberg) -- B. Riley Financial Inc. agreed to sell a portion of its wealth-management business to Stifel Financial Corp. for as much as $35 million in cash, the latest in …

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B. Riley Sells Part Of Wealth Unit To Stifel Amid Broker Exits

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Nov 1, 2024 · B. Riley Financial Inc. agreed to sell a portion of its wealth-management business to Stifel Financial Corp. for as much as $35 million, the latest in a series of asset deals aimed at …

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Stifel Financial In Talks To Buy B. Riley's Wealth Management Unit ...

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Sep 20, 2024 · Embattled investment bank B. Riley Financial is in talks to sell its wealth management business to Stifel Financial for more than $100 million, a source familiar with the …

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Seeking To Raise Cash, B. Riley To Sell Part Of Wealth Business To ...

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B. Riley Financial is selling a portion of its wealth management business to Stifel Financial for as much as $35 million as the troubled financial-services company continues to try to ease its ...

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Seeking To Raise Cash, B. Riley To Sell Part Of Wealth Business To ...

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B. Riley says Stifel will pay between $27 million and $35 million in cash for the wealth management unit. The deal is expected to close early in the second quarter of 2025. Write to …

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Stifel Strikes Deal For B. Riley’s Employee Brokerage Unit

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B. Riley Keeps Indy Reps After Selling Employees To Stifel For Far Less ...

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Nov 1, 2024 · According to a report in September from Reuters, Stifel was in talks to buy B. Riley’s retail brokerage group for $100 million. At the time it was questioned whether Stifel had …

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B. Riley Financial To Sell Wealth-Management Assets To Stifel …

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Nov 5, 2024 · B. Riley Financial Inc. announced it will sell part of its wealth-management business to Stifel Financial Corp. for up to $35 million in cash, aiming to reduce its debt load. According …

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B. Riley Sells Unit For $203 Million - Los Angeles Business Journal

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Dec 2, 2024 · In another move, B. Riley entered into an agreement to sell part of its wealth management business in November to Stifel Financial Corp., a wealth management and …

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B. Riley To Sell Portion Of Wealth-Management Unit To Stifel

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Nov 1, 2024 · B. Riley Financial Inc. agreed to sell a portion of its wealth-management business to Stifel Financial Corp. for as much as $35 million in cash, the latest in a series of asset sales …

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FAQs about B. Riley Financial Provides Update on Wealth Management Business Coupon?

Will B Riley Financial sell its wealth management business to Stifel?

(Reuters) - Investment bank B. Riley Financial said on Friday it had agreed to sell a portion its traditional wealth management business to Stifel in a deal expected to fetch between $27 million and $35 million in cash. ...

Is Riley Financial selling its W2 wealth management business to Stifel Financial?

Play(1min) metamorworks/iStock via Getty Images B. Riley Financial (NASDAQ:RILY) is selling a portion of its traditional (W-2) Wealth Management business to Stifel Financial (NYSE:SF) for estimated net consideration of $27M to $35M in cash, as the company continues to refocus on its core middle marketfinancial services business. ...

Is B Riley a 'traditional' wealth management company?

The deal concerns what B. Riley calls its “traditional” wealth management business, composed of W-2 employees. The company says its roughly 190 independent advisors and 90 tax professionals aren’t included in the sale. Chairman Bryant Riley says the company remains committed to staying in the wealth management space. ...

Who is Riley Financial?

About B. Riley Financial B. Riley Financial is a diversified financial services company that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. B. ...

How has the past year impacted B Riley Financial?

Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, commented: "The past year has proved disruptive to our Wealth Management business, with competitors taking advantage of the noise surrounding our principal investments business. ...

How much money Will Stifel acquire?

Stifel is expected to acquire 40 to 50 financial advisors overseeing $3.5 billion to $4.5 billion in assets through the transaction, the companies say. The deal concerns what B. Riley calls its “traditional” wealth management business, composed of W-2 employees. ...