B. Riley Wealth

What B. Riley Wealth does

B. Riley Wealth is the wealth management and financial planning arm of BRC Group Holdings, Inc. (Nasdaq: RILY), a publicly traded diversified holding company founded in 1997 and headquartered at 11100 Santa Monica Blvd, Los Angeles. The firm delivers brokerage, investment management, insurance, and tax preparation services to two primary client groups: (1) individuals and institutions seeking traditional wealth management and financial planning, and (2) small-cap and middle market companies whose executives and stakeholders rely on the firm's integrated advisory capabilities. Across the broader BRCGH platform, the firm claims a cumulative 900k clients served and reach across 100 global markets, with 1,600 team members spanning the holding company's portfolio companies.

The underlying operating model is relationship-driven rather than technology-led; core technology is not explicitly disclosed in available sources and no proprietary AI/ML features, APIs, or productized technology stack are documented. Revenue mechanics combine recurring wealth management fees (brokerage, investment management, ongoing planning), episodic transaction-based income, insurance commissions, and tax preparation fees, all delivered through direct client relationships established via the holding company's decades-long C-Suite network in the small-cap/middle market. The firm sits within a multi-segment holding company whose other operations include capital markets (B. Riley Securities), communications (CREDO Mobile, United Online, magicJack, Lingo), retail (Targus), and other financial services (GA Group).

In April 2026, BRCGH announced the planned merger of B. Riley Securities with B. Riley Wealth by year-end 2026 (subject to FINRA Rule 1017 approval) to create a unified investment banking and wealth management platform, accompanied by a leadership restructuring at BRS. The parent reported Q1 2026 net income of $211.3M and Adjusted EBITDA of $262.2M, and BRC Specialty Finance has begun deploying capital into adjacent verticals, including a $20M senior secured loan to an AI-driven HPC data center infrastructure provider. These moves indicate an active consolidation and capital deployment strategy intended to expand the wealth franchise's addressable market and deepen wallet share within existing small-cap/middle market relationships.

Name

B. Riley Wealth

Legal name

BRC Group Holdings, Inc.

Website

https://brileyfin.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

B. Riley Wealth is the wealth management and financial planning subsidiary of BRC Group Holdings (Nasdaq: RILY), offering brokerage, investment management, insurance, and tax preparation services to individual/institutional clients and to executives of small-cap and middle market companies.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)

akta.pro secondary industries

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA), Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)

Keywords

• Wealth management services
• Financial planning
• Investment advisory
• Brokerage services
• Tax preparation

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Wealth Management Services: Wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation
2. Capital Markets Services: Comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring as part of integrated financial services platform

Go-to-market motion1 record

Distribution channels1 record

Core offering

B. Riley Wealth delivers wealth management and financial planning services, including brokerage, investment management, insurance, and tax preparation, to individual and institutional clients. Operating as the wealth management sub-brand of BRC Group Holdings, Inc. (Nasdaq: RILY), the firm serves the personal and professional financial needs of small-cap and middle market executives and their families as part of an integrated investment banking and wealth management platform.

Product overview

B. Riley Wealth operates as a sub-brand within BRC Group Holdings' financial services platform, offering wealth management and financial planning services. It is part of a unified investment banking and wealth management platform being consolidated with B. Riley Securities. The company's core offerings include brokerage services, investment management, insurance, and tax preparation, serving small-cap and middle market clients alongside the affiliated B. Riley Securities investment banking operations.

Differentiator

Problem solved

Functional benefit

Products and services

• B. Riley Wealth Management Wealth management and financial planning services for individual and institutional clients, offered as part of BRC Group Holdings' integrated financial services platform.
• Brokerage Services Brokerage services for individual and institutional wealth management clients.
• Investment Management Investment management services for wealth management clients.
• Insurance Services Insurance products and advisory services for wealth management clients.
• Tax Preparation Services Tax preparation services for wealth management and financial planning clients.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• B. Riley SecuritiescoreStrategic or Co-development Partner · 20 April 2026BRC Group Holdings announced plans to merge B. Riley Securities with B. Riley Wealth by year-end to create a unified investment banking and wealth management platform. The merger consolidates ownership (repurchasing approximately 8% minority shares) and integrates capital markets and wealth management capabilities to better serve small-cap and middle market clients. Subject to regulatory approval including FINRA review under Rule 1017.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Cetera Financial Group: Independent advisor-focused wealth management platform serving individual investors through financial advisors. Comparable to B. Riley Wealth in providing brokerage, investment management, and insurance solutions through an affiliated advisor network.
• Stifel Financial Corp. Mid-market focused investment bank and wealth manager. Stifel's Private Client Group is among the most direct competitors to B. Riley Wealth given its parallel emphasis on middle-market companies, advisor recruitment, and integrated wealth + capital markets coverage.
• Raymond James Financial: Public diversified financial services firm with a substantial Private Client Group wealth management franchise. Comparable as a comprehensive wealth and investment banking platform, though significantly larger and more diversified by geography and product mix.
• Janney Montgomery Scott: Private, employee-owned wealth management and investment banking firm focused on middle-market companies and high-net-worth individuals. Highly comparable to B. Riley Wealth in scale, private ownership structure, and integrated capital markets + wealth model.
• Oppenheimer & Co. Full-service investment bank and wealth manager with comparable integrated capital markets, M&A, and private client wealth management franchises. Closely comparable in serving small-cap and middle-market issuers alongside high-net-worth individuals.
• Focus Financial Partners: Partnership platform of independent wealth management firms. Comparable to B. Riley Wealth in offering advisor transition and integrated wealth services, with similar focus on the high-net-worth and ultra-high-net-worth client segments.
• Hightower Advisors: Large RIA platform serving high-net-worth individuals and families with comprehensive wealth management, investment advisory, and financial planning services. Comparable to B. Riley Wealth as a multi-channel wealth manager competing for the same advisor talent and client base.
• Robert W. Baird & Co. Employee-owned wealth management and investment banking firm. Comparable in its integrated platform model, middle-market focus, and employee ownership — though Baird operates with materially larger wealth AUM and global footprint.

Broad incumbents

• LPL Financial Holdings: Largest independent broker-dealer and RIA custodian in the U.S., serving independent financial advisors with brokerage, investment advisory, and wealth management infrastructure. Broader incumbent to B. Riley Wealth's wealth business given comparable advisor support model, though B. Riley Wealth retains integrated investment banking distribution that LPL does not offer.
• Morgan Stanley Wealth Management: One of the largest U.S. wealth management franchises with extensive advisor coverage. Acts as a broad incumbent to B. Riley Wealth in the high-net-worth and ultra-high-net-worth advisory market, though Morgan Stanley's scale and product breadth far exceed B. Riley Wealth's.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/brileyfinancial
• Xx.com/BRileyFinancial

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about B. Riley Wealth