Stifel Completes Acquisition of B. Riley Employee Advisors
Deal News | Apr 07, 2025 | Globenewswire
Stifel Financial Corp. has announced the completion of its acquisition of 36 employee advisors from B. Riley Financial. This acquisition represents an addition of approximately $4 billion in assets under management to Stifel's portfolio. The move aligns with Stifel's strategy to enhance its Global Wealth Management business, which achieved record annual revenue of $3.3 billion in 2024 and maintained over $500 billion in total client assets. Furthermore, Stifel was recognized as the leader in overall employee-advisor satisfaction in the U.S. for the second consecutive year, according to J.D. Power. Stifel Financial Corp., headquartered in St. Louis, offers a wide range of financial services, including brokerage, investment banking, and advisory services, across the U.S. through several subsidiaries.
Sectors
- Financial Services
- Investment Banking
Geography
- United States – Stifel Financial Corp. is headquartered in St. Louis, Missouri, and conducts its brokerage and financial services business throughout the United States.
Industry
- Financial Services – The acquisition involves financial advisory and wealth management services, which are core components of the financial services industry.
- Investment Banking – Stifel operates within this sector, providing services such as brokerage and investment banking as part of its business model.
Financials
- $4 billion – Total assets under management represented by the 36 B. Riley employee advisors acquired by Stifel.
- $3.3 billion – Record annual revenue for Stifel's Global Wealth Management business in 2024.
- $500 billion – Total client assets managed by Stifel's Global Wealth Management business.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stifel Financial Corp. | Bidding Company | Company | A financial services holding company headquartered in St. Louis, Missouri. |
| B. Riley Financial | Selling Company (Vendor) | Company | The company from which Stifel acquired 36 employee advisors. |
| Ronald J. Kruszewski | Chairman and CEO | People | Chairman and CEO of Stifel Financial Corp. |
| Joel Jeffrey | Investor Relations Contact | People | Investor relations contact for Stifel Financial Corp. |