BRC Group Holdings
BRC Group Holdings (NASDAQ: RILY) is a diversified holding company providing investment banking, capital markets, wealth management, specialty finance, communications, and retail services primarily to U.S. small-cap and middle-market companies and high-net-worth individuals.
- Company typePublic
- Founded1997
- HeadquartersLos Angeles, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What BRC Group Holdings does
BRC Group Holdings, Inc. (NASDAQ: RILY), formerly B. Riley Financial, is a diversified holding company founded in 1997 by Bryant Riley and headquartered in Los Angeles. The company operates three core segments: financial services (B. Riley Securities for investment banking and capital markets, B. Riley Wealth Management for brokerage and financial planning, and the newly launched BRC Specialty Finance for direct lending to small-cap and middle-market issuers), communications and consumer services (Lingo, magicJack, CREDO Mobile, United Online), and retail (Targus). It also holds an opportunistic investment portfolio spanning equity, debt, and venture capital positions and a joint-controlled GA Group (asset appraisal and liquidation, partnered with Oaktree Capital Management).
The platform serves 900,000+ clients across more than 100 markets, including 90% of the Fortune 1000, public small-cap and middle-market companies, high-net-worth individuals, and consumer telecom subscribers. B. Riley Securities delivered over $42 billion in client capital-raising transactions across 200+ deals in 2025. The company employs approximately 1,600 team members and manages $13.2 billion in assets under management, with cumulative client equity and debt raised of $78B and $41B respectively.
Revenue is generated through multiple mechanics: transaction fees (underwriting, M&A advisory, trading commissions from B. Riley Securities), asset-based and recurring fees (wealth management, communications subscriptions through magicJack/Lingo/CREDO/United Online), interest income and fees (specialty finance), realized and unrealized investment gains from proprietary trading and venture positions (including carried interest exposure to SpaceX SPVs), and one-time product sales (Targus retail). Distribution is relationship-based across institutional sales desks, financial advisors, and direct lending; consumer telecom reaches end users via retail and direct channels. The company maintains an extensive U.S. office network (~27 locations) plus a Hyderabad, India office.
BRC Group Holdings firmographics
Firmographics- Name
- BRC Group Holdings
- Legal name
- BRC Group Holdings, Inc.
- Website
- https://brcgh.com
- Company type
- Public
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- BRC Group Holdings (NASDAQ: RILY) is a diversified holding company providing investment banking, capital markets, wealth management, specialty finance, communications, and retail services primarily to U.S. small-cap and middle-market companies and high-net-worth individuals.
- Ownership category
- akta.pro rank
BRC Group Holdings industry classification
Industry- Product category
- Diversified Financial Services
- NAICS
- Portfolio Management and Investment Advice (52394), Miscellaneous Financial Investment Activities (523999), All Other Financial Investment Activities (52399)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
- akta.pro secondary industries
- Asset-Based Lending (ABL) (FSANADAD), Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI), Regulatory Change, Governance & Compliance Management (GRC) (FSACAJAK)
Keywords
Where BRC Group Holdings is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices28 records
Markets served
BRC Group Holdings business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D
Revenue model
- Capital Markets Services: Investment banking and capital markets revenue including underwriting fees, M&A advisory fees, and trading commissions from B. Riley Securities operations
- Wealth Management: Wealth management and financial planning fees including brokerage, investment management, insurance, and tax preparation services
- Specialty Finance: Interest income and fees from providing structured financing solutions to small-cap and middle-market companies
- Trading Gains and Investment Appreciation: Realized and unrealized gains from proprietary trading and investment activities in equity, debt and venture capital
- Communications Services: Recurring revenue from telecom services including VoIP, mobile, internet and data services through magicJack, Lingo, United Online, and CREDO Mobile
- Retail: Revenue from sale of mobile computing accessories through Targus and brand investment portfolio
Go-to-market motion3 records
Distribution channels5 records
Marketing channels3 records
BRC Group Holdings product offering
Product offeringCore offering
BRC Group Holdings is a diversified holding company providing customized end-to-end financial services to small-cap and middle-market companies through B. Riley Securities (investment banking, capital markets, M&A, restructuring), B. Riley Wealth Management (brokerage, investment management, financial planning), and BRC Specialty Finance (structured equity loans, bridge loans, and direct lending of $10M-$100M). Beyond core financial services, BRC operates communications businesses (Lingo, magicJack, CREDO Mobile, United Online), retail (Targus), and corporate advisory (GA Group) through a portfolio of subsidiaries.
Product overview
BRC Group Holdings is a diversified holding company operating multiple business segments. Its core financial services platform provides small-cap and middle-market companies customized end-to-end solutions through B. Riley Securities (investment banking and capital markets), B. Riley Wealth Management (wealth management and financial planning), and BRC Specialty Finance (specialty lending). The company also holds portfolio companies across communications (Lingo, magicJack, CREDO Mobile, United Online) and retail (Targus), as well as GA Group (asset appraisal and liquidation services). The platform offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, restructuring, wealth management, and specialty finance.
Differentiator
Problem solved
Functional benefit
Brands
- B. Riley Securities: Investment banking and capital markets subsidiary
- B. Riley Wealth Management
- GA Group
- Targus
- Lingo
- magicJack
- CREDO Mobile
- United Online
Products and services
- B. Riley Securities Full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors. Includes initial, secondary, and follow-on offerings, institutional private placements, M&A advisory, SPACs, corporate restructuring, liability management, and thematic proprietary equity research.
- B. Riley Wealth Management Wealth management and financial planning platform providing clients with brokerage, investment management, insurance, and tax preparation services.
- GA Group Diversified corporate advisory services specializing in asset appraisal and liquidation. Offers Appraisal and Valuation Services, Retail, Wholesale and Industrial Liquidations, Real Estate Solutions, and Asset-Backed Lending. Majority-owned by funds managed by Oaktree Capital Management.
- Targus Technology solutions and protective cases for consumers and enterprises, including laptop bags, cases, and docking stations to help people carry, protect, and connect their tech everywhere.
- Lingo Single source communications and cloud provider delivering voice, data, and managed services to enterprises and SMBs across the US. Serves 51k+ customers with NPS scores significantly above industry average.
- magicJack Pioneer in Voice over IP (VoIP) technology and services for consumers and businesses across US and Canada. Easy-to-use, low-cost solution serving close to a million subscribers with unlimited calling to US and Canada.
- CREDO Mobile Virtual Mobile Network Operator (MVNO) serving 50k+ mobile subscribers in the US. Has donated over $95M to non-profits supporting positive change since 1985.
- United Online Through operating subsidiaries NetZero and Juno, provides consumers internet access, email, and security services for more than 300k subscriber accounts.
- BRC Specialty Finance Financing solutions platform providing tailored capital to underserved U.S. public small-cap and middle-market companies. Offers structured equity loans, bridge loans, and direct lending with investments ranging from $10 million to $100 million.
Quantifiable outcome
- $78B/$41B equity and debt raised for clients
- +4 more outcomes
Companies that use BRC Group Holdings
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles4 records
BRC Group Holdings technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
BRC Group Holdings partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Base Electron / Applied DigitalminorBase Electron, backed by Applied Digital Corporation, was counterparty to a $2.4 billion Power Generation Contract with Babcock & Wilcox Enterprises. BRC Group Holdings, as largest shareholder of B&W, was alleged to have undisclosed conflicts of interest standing on both sides of the transaction. Wolfpack Research published a short report on March 12, 2026 exposing these alleged conflicts.
Scale indicators20 records
Recent moves9 records
Expansion highlights5 records
BRC Group Holdings competitors and assessment
Company assessmentBroad incumbents
- Raymond James Financial: Raymond James is a diversified financial services holding company with substantial investment banking, wealth management, and asset management businesses. Its middle-market focus on small-cap advisory and its large financial advisor network parallels BRC's structure, though at significantly larger scale.
- Jefferies Financial Group: Jefferies is a larger diversified financial services holding company with investment banking, capital markets, and asset management. It operates broadly across multiple sectors and deal sizes, making it a broad incumbent comparable to BRC's overall platform but at significantly greater scale.
- StoneX Group Inc. StoneX is a diversified financial services firm spanning execution, clearing, wealth management, and specialty lending. While broader in scope and more institutional in focus, its combination of capital markets, wealth, and alternative finance overlaps meaningfully with BRC's diversified platform.
Direct peers
- Piper Sandler Companies: Piper Sandler is a focused middle-market investment bank and asset manager with deep sector specialization. Its advisory and equity capital markets franchise targeting middle-market issuers overlaps directly with B. Riley Securities' core deal flow and serves a similar client base.
- Cowen Inc. (TD Cowen): Prior to its acquisition by TD Securities, Cowen was a leading independent small-cap and middle-market investment bank with a research-driven advisory franchise. Its target client base and capital markets focus closely mirrored B. Riley Securities' core franchise.
- Canaccord Genuity Group: Canaccord Genuity operates a global capital markets and wealth management platform with a strong small-cap and mid-cap focus. Its combination of advisory services for growth-stage and mid-market issuers plus wealth management is closely aligned with BRC's integrated platform.
- Oppenheimer Holdings: Oppenheimer Holdings operates a closely comparable diversified structure combining private client wealth management, full-service investment banking, and institutional equity research with a middle-market focus. Like BRC, it serves small-cap and middle-market companies with advisory, capital markets, and wealth management offerings, making it one of the closest structural analogues.
- Houlihan Lokey: Houlihan Lokey is a leading middle-market M&A advisor with strong restructuring capabilities, directly comparable to B. Riley Securities' M&A advisory and B. Riley Farber's restructuring practice. Both firms emphasize middle-market transactions and have built reputation in financial restructuring.
- Stifel Financial Corp. Stifel is a leading middle-market focused financial services firm combining investment banking, capital markets, and wealth management. Its Global Wealth Management and Institutional Group divisions mirror BRC's B. Riley Securities and B. Riley Wealth Management combination, and its focus on small/mid-cap advisory and capital raising is highly comparable.
- Ladenburg Thalmann Financial Services: Ladenburg Thalmann operated a diversified platform combining small/mid-cap investment banking with independent advisor network wealth management, closely matching BRC's B. Riley Securities and B. Riley Wealth Management combination targeting the same underserved client base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
BRC Group Holdings social profiles
Digital presenceBRC Group Holdings financial estimates
Financial estimateRevenue estimate
Valuation estimate
BRC Group Holdings leadership team
Management profileNumber of profiles
Profiles11 records
BRC Group Holdings subsidiaries and ownership
Company hierarchySubsidiaries12 records
BRC Group Holdings funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BRC Group 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 BRC Group Holdings
What does BRC Group Holdings do?
BRC Group Holdings is a diversified holding company providing customized end-to-end financial services to small-cap and middle-market companies through B. Riley Securities (investment banking, capital markets, M&A, restructuring), B. Riley Wealth Management (brokerage, investment management, financial planning), and BRC Specialty Finance (structured equity loans, bridge loans, and direct lending of $10M-$100M). Beyond core financial services, BRC operates communications businesses (Lingo, magicJack, CREDO Mobile, United Online), retail (Targus), and corporate advisory (GA Group) through a portfolio of subsidiaries.
Is BRC Group Holdings a public or private company?
BRC Group Holdings is a public company. It is classified as public and is currently operating.
When was BRC Group Holdings founded?
BRC Group Holdings was founded in 1997. It employs 1,001 to 5,000 people.
Where is BRC Group Holdings based?
BRC Group Holdings is headquartered in Los Angeles, United States, in the North America region.
How does BRC Group Holdings make money?
Six revenue lines are on record. Capital Markets Services are the primary driver. The others are wealth Management, specialty Finance, trading Gains and Investment Appreciation, communications Services and retail.
Who are BRC Group Holdings's main competitors?
Broad incumbents on record are Raymond James Financial, Jefferies Financial Group and StoneX Group Inc.. Direct peers are Piper Sandler Companies, Cowen Inc. (TD Cowen), Canaccord Genuity Group, Oppenheimer Holdings, Houlihan Lokey, Stifel Financial Corp. and Ladenburg Thalmann Financial Services.
Does BRC Group Holdings have an API?
No public API is recorded for BRC Group Holdings.
What industry is BRC Group Holdings in?
BRC Group Holdings's product category is Diversified Financial Services. Its primary akta.pro industry code is BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory), with a secondary code of FSANADAD, Asset-Based Lending (ABL). Its NAICS code is 52394 and its SIC code is 6211.