B. Riley Financial Provides Update on Wealth Management Business

Enters into Agreement with Stifel Financial Corp. to Sell a Portion of Wealth Management BusinessLOS ANGELES, Nov. 1, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has signed a definitive agreement to sell a portion of its traditional (W-2) Wealth Management business to Stifel Financial Corp. (NYSE: SF) ("Stifel") for estimated net consideration of $27 million to$35 million in cash. The transacti ...