National Holdings
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company founded in 1997, providing financial services, communications, retail, and investment solutions, with its core platform serving small-cap and middle market companies through capital markets, M&A, wealth management, and consumer telecom services.
- Company typePublic
- Founded1997
- HeadquartersNew York, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What National Holdings does
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company founded in 1997 and headquartered in Los Angeles, California. The company operates through a platform-plus-subsidiaries architecture consisting of three primary segments: financial services, communications, and retail, supplemented by opportunistic investment activities. The core financial services platform is anchored by B Riley Securities, a full-service investment bank offering capital markets, sales, trading, research, merchant banking, M&A advisory, and restructuring services, and Briley Wealth, which provides wealth management, brokerage, investment management, insurance, and tax preparation. The communications segment includes CREDO Mobile, United Online, magicJack, Lingo, and GA Group, delivering consumer and business services including mobile, cloud phone, internet, data, security, and email. The retail segment is anchored by Targus, offering mobile computing accessories and home furnishings.
The company primarily serves small-cap and middle market companies through a relationship-driven, sales-led go-to-market motion. BRC Group Holdings leverages nearly 30 years of C-Suite access in an opaque, fragmented market and long-standing relationships with strategic advisors and stakeholders to deliver complex, customized solutions at every stage of the enterprise life cycle. Revenue is generated through professional services (financial services), subscription/recurring models (communications), and hardware/retail sales, with additional revenue from opportunistic investments in equity, debt, and venture capital deployed both inside and outside the core platform. The company employs 1,600 team members, has served 900,000 clients historically, and operates across 100 global markets.
National Holdings firmographics
Firmographics- Name
- National Holdings
- Legal name
- BRC Group Holdings, Inc.
- Website
- https://nhldcorp.com
- Company type
- Public
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company founded in 1997, providing financial services, communications, retail, and investment solutions, with its core platform serving small-cap and middle market companies through capital markets, M&A, wealth management, and consumer telecom services.
- Ownership category
- akta.pro rank
National Holdings industry classification
Industry- Product category
- Diversified Financial Services
- NAICS
- Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Miscellaneous Financial Investment Activities (523999), Offices of Other Holding Companies (551112)
- SIC
- Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Investors, Nec (6799)
- akta.pro primary industry
- Corporate Finance & Capital Advisory (BPAHADAB)
- akta.pro secondary industries
- Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Private Client/High-Net-Worth Advisory (FSAEAAAN), Private Banking & UHNW Wealth Advisory (FSAEABAC)
Keywords
Where National Holdings is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
National Holdings business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Financial Services: Core financial services platform providing capital markets, sales, trading, research, merchant banking, M&A, and restructuring services. Wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation.
- Communications: Consumer and business services including traditional, mobile and cloud phone, internet and data, security, and email services.
- Retail: Mobile computing accessories and home furnishings retail operations.
- Investment Activities: Investments in equity, debt and venture capital deployed both inside and outside the core financial services platform to generate shareholder value through opportunistic investments.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels1 record
National Holdings product offering
Product offeringCore offering
National Holdings operates as a diversified holding company with a core financial services platform that delivers capital markets, sales, trading, research, merchant banking, M&A advisory, and restructuring services to small-cap and middle market companies. The platform also includes wealth management and financial planning (brokerage, investment management, insurance, tax preparation), communications services (mobile, cloud phone, internet, VoIP), and retail operations (mobile computing accessories and home furnishings).
Product overview
BRC Group Holdings operates as a diversified holding company with a platform-plus-subsidiaries architecture. The core financial services platform consists of B Riley Securities (investment banking with capital markets, M&A, trading, research) and Briley Wealth (wealth management, brokerage, insurance, tax preparation). The communications segment includes CREDO Mobile, United Online, magicJack, Lingo, and GA Group, providing consumer and business telecom services including mobile, cloud phone, internet, data, security, and email. The retail segment includes Targus, offering mobile computing accessories and home furnishings. The company also makes opportunistic investments in equity, debt, and venture capital.
Differentiator
Problem solved
Functional benefit
Brands
- B Riley Securities: Capital markets, sales, trading, research, merchant banking, M&A, and restructuring services.
- Briley Wealth
- CREDO mobile
- United Online
- magicJack
- Lingo
- Targus
- GA Group
Products and services
- B Riley Securities
Companies that use National Holdings
Customer profileSegments1 record
Ideal customer profiles2 records
National Holdings technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
National Holdings partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
National Holdings competitors and assessment
Company assessmentBroad incumbents
- Houlihan Lokey: Global investment bank with strong restructuring and M&A advisory practices serving middle-market companies. Directly overlaps with B Riley Securities' restructuring and M&A capabilities.
- Jefferies Financial Group: Diversified financial services holding company with investment banking, sales & trading, and asset management. Comparable diversified structure with a larger institutional footprint.
- Cowen (now TD Securities): Formerly an independent diversified financial services firm with investment banking, equities, and alternatives — directly comparable to B Riley Securities prior to its acquisition by TD Cowen in 2023.
- Stifel Financial Corp. Diversified brokerage and investment banking firm with institutional securities, wealth management, and trading. Operates in the same mid-market investment banking and wealth management categories at greater scale.
- Piper Sandler Companies: Larger diversified investment bank and asset manager with advisory, equities, and fixed income businesses. Comparable mid-market investment banking focus with broader institutional scale.
Direct peers
- StoneX Group: Diversified financial services holding company with global institutional brokerage, trading, and retail wealth management. Comparable multi-vertical holding company structure with operating subsidiaries.
- Oppenheimer Holdings: Diversified financial services holding company with private client wealth management, full-service investment banking, and institutional equities. Closely comparable business mix to BRC Group Holdings' core platform.
- Ladenburg Thalmann Financial Services: Diversified financial services holding company (now part of Advisor Group/Raymond James) that historically operated independent advisory and brokerage networks for retail and high-net-worth clients, comparable to Briley Wealth.
- Canaccord Genuity Group: Independent full-service investment bank with wealth management operations, focused on growth and mid-market companies. Closely mirrors B Riley Securities' capital markets and M&A franchise.
- National Holdings Corporation: Formerly a publicly traded diversified financial services holding company with broker-dealer and wealth management operations that was acquired by B. Riley Financial (predecessor to BRC Group Holdings) in 2021. Direct predecessor peer in retail brokerage and investment banking.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
National Holdings social profiles
Digital presenceNational Holdings financial estimates
Financial estimateRevenue estimate
Valuation estimate
National Holdings leadership team
Management profileNumber of profiles
National Holdings subsidiaries and ownership
Company hierarchySubsidiaries8 records
National Holdings funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
National Holdings M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about National Holdings
What does National Holdings do?
National Holdings operates as a diversified holding company with a core financial services platform that delivers capital markets, sales, trading, research, merchant banking, M&A advisory, and restructuring services to small-cap and middle market companies. The platform also includes wealth management and financial planning (brokerage, investment management, insurance, tax preparation), communications services (mobile, cloud phone, internet, VoIP), and retail operations (mobile computing accessories and home furnishings).
Is National Holdings a public or private company?
National Holdings is a public company. It is classified as public and is currently operating.
When was National Holdings founded?
National Holdings was founded in 1997. It employs 1,001 to 5,000 people.
Where is National Holdings based?
National Holdings is headquartered in New York, United States, in the North America region.
How does National Holdings make money?
Four revenue lines are on record. Financial Services are the primary driver. The others are communications, retail and investment Activities.
Who are National Holdings's main competitors?
Broad incumbents on record are Houlihan Lokey, Jefferies Financial Group, Cowen (now TD Securities), Stifel Financial Corp. and Piper Sandler Companies. Direct peers are StoneX Group, Oppenheimer Holdings, Ladenburg Thalmann Financial Services, Canaccord Genuity Group and National Holdings Corporation.
Does National Holdings have an API?
No public API is recorded for National Holdings.
What industry is National Holdings in?
National Holdings's product category is Diversified Financial Services. Its primary akta.pro industry code is BPAHADAB, Corporate Finance & Capital Advisory, with a secondary code of FSAAABAD, Advisory Portfolio Management (Non-Discretionary). Its NAICS code is 523940 and its SIC code is 6282.