B. Riley To Divest Portion of Wealth Management Division to Stifel in Strategic Move

In a significant restructuring within the financial services industry, B. Riley Financial, Inc. has announced plans to sell a portion of its wealth management business to Stifel Financial Corp. This move, revealed to the public on November 1, 2024, is viewed as a strategic decision by B. Riley to streamline operations and potentially bolster its capital base.

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