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

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 Strikes Deal For B. Riley’s Employee Brokerage Unit

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Stifel Makes Offers To B. Riley Brokers As It Nears Deal–Sources

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Oct 8, 2024 · B. Riley has 428 brokers, roughly 60% of whom are independent contractors, according to an investor presentation in December. They manage around $26 billion in assets …

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

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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 To Sell Portion Of Wealth-management Unit To Stifel - MSN

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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 …

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

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Nov 1, 2024 · The sale does not include B. Riley's approximately 190 independent advisors and 90 tax professionals. The final sale amount will be determined based on the actual number of …

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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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Stifel Mulls Buying B. Riley’s Wealth Unit For $100 Million–Report

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Sep 20, 2024 · Stifel Financial is exploring a deal to buy the wealth management unit of the beleaguered investment bank B. Riley Financial for $100 million, according to a Reuters report …

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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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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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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 CEO Cites 'Very Competitive' Market As Broker Recruiting …

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3 days ago · Stifel’s broker headcount slipped almost 2% year-over-year to 2,342. ... the firm in the first half of the year will close its acquisition of B. Riley’s brokerage unit, which could add …

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Stifel Mulls Acquisition Of Embattled Investment Bank B. Riley ...

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Sep 23, 2024 · The future of B. Riley Financial’s wealth management unit is uncertain as the under ... more than 400 independent advisors and employees join Stifel. With roughly 60% of …

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FAQs about Stifel Strikes Deal for B. Riley’s Employee Brokerage Unit Coupon?

Will Riley Financial sell its wealth management business to Stifel?

Nov 1 (Reuters) - Investment bank B. Riley Financial (RILY.O) said on Friday it had agreed to sell a portion its traditional wealth management business to Stifel (SF.N) in a deal expected to fetch between $27 million and $35 million in cash. ...

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. ...

How much Will Stifel pay?

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 [email protected] ...

Is Riley Financial selling a portion of its W2 wealth management business?

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 market financial services business. ...

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. ...

Who is 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. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. ...