Stifel reportedly in talks to buy B. Riley’s wealth division - Citywire

Sep 23, 2024 · Los Angeles-based investment bank B. Riley Financial is in talks to sell its wealth management unit to Stifel Financial for a price of more than $100m, according to a Friday …

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Stifel Reportedly In Talks To Buy B. Riley’s Wealth Division - Citywire

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Sep 23, 2024 · Los Angeles-based investment bank B. Riley Financial is in talks to sell its wealth management unit to Stifel Financial for a price of more than $100m, according to a Friday …

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

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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 Seeks $100 Million Deal For B. Riley's Wealth Unit

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Stifel's potential acquisition could bulk up its wealth management services, while B. Riley looks to reinforce its finances. Investors should watch these talks closely. Plus, B. Riley’s Great …

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Stifel To Buy Portion Of B. Riley Wealth Management Biz For Up To …

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As covered by Dakota in September, Stifel and B. Riley were reportedly in discussions over a sale of the wealth management unit of 400 independent and employee advisors for $100M or more. …

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Stifel Financial Mulls Buying Wealth Management Unit From B. Riley

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Sep 24, 2024 · Stifel Financial Corp.SF is in discussion with B. Riley Financial to acquire its wealth management business for more than $100 million. This was reported by Reuters, citing …

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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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Stifel Financial To Buy Part Of LA-based B. Riley Financial's Wealth ...

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Nov 4, 2024 · The transaction announcement follows a September report by Reuters, citing people familiar with the matter, that Stifel was in talks with B. Riley to pay over $100 million to …

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Report: Stifel Looks To Buy B. Riley Wealth Unit For $100M

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Jan 30, 2023 · Stifel Financial is said to be in talks to buy Los Angeles-based B. Riley’s wealth management unit of 400 independent and employee advisors for over $100M, an anonymous …

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B. Riley Financial Sells Wealth Unit To Stifel For Up To $35 Million

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Nov 1, 2024 · LOS ANGELES - B. Riley Financial, Inc. (NASDAQ: RILY), a diversified financial services company, has agreed to sell a segment of its wealth management business to Stifel …

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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 Stifel reportedly in talks to buy B. Riley’s wealth division - Citywire Coupon?

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

(Reporting by David French in New York, editing by Deepa Babington) 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 matter said on Friday. ...

Will Riley Financial sell its 'traditional' wealth management business?

B. Riley Financial Inc. (NASDAQ: RILY), a Los Angeles-based brokerage and investment bank, said it has agreed to sell part of its "traditional" wealth management business to St. Louis-based Stifel Financial Corp. for between $27 million and $35 million in cash. ...

Will Stifel Financial acquire wealth management business?

Stifel Financial Corp. SF is in discussion with B. Riley Financial to acquire its wealth management business for more than $100 million. This was reported by Reuters, citing a source familiar with the matter. The discussions arise as B. Riley seeks to raise capital following a second-quarter loss warning. ...

Would Stifel be interested in B Riley's independent advisers?

At the time, some industry executives wondered if Stifel would be interested in B. Riley's nearly 200 independent advisers, who are under contract rather than employees, trade journal Investment News reported. B. Riley has been losing retail financial advisers as it deals with turmoil in other parts of its business. ...

How has the past year impacted B Riley Financial's wealth management business?

"The past year has proved disruptive to our Wealth Management business, with competitors taking advantage of the noise surrounding our principal investments business," Bryant Riley, B. Riley Financial's chairman and co-CEO, said in Friday's press release. ...

Is Riley Financial under pressure with high debt burden?

Riley is under pressure with high debt burden, SEC scrutiny. The future of B. Riley Financial’s wealth management unit is uncertain as the under pressure investment bank is reportedly in talks to sell. ...