Loading...
Market
What will be the total assets under management transferred from B. Riley to Stifel?
3
Resolution / Starting Odds
Less than $3.5 billion • 25%
$3.5 billion to $4 billion • 25%
$4 billion to $4.5 billion • 25%
More than $4.5 billion • 25%
Official financial statements from B. Riley or Stifel
Story
B. Riley to Sell Wealth Management Business to Stifel for Up to $35 Million, Involving 40-50 Advisors Managing $3.5B-$4.5B in Assets
Nov 2, 2024, 03:30 PM
B. Riley Financial Inc. has agreed to sell a portion of its wealth management business to Stifel Financial for an estimated $27 million to $35 million in cash. The transaction is expected to involve around 40 to 50 advisors who manage approximately $3.5 billion to $4.5 billion in assets, with the transfer anticipated to occur in early 2025. This deal has been approved by B. Riley's board. However, the company is facing scrutiny and concerns regarding its financial health, with some analysts suggesting that legal liabilities linked to the Franchise Group could lead to bankruptcy. Additionally, there are claims of misleading statements from B. Riley regarding its financial prospects, raising further doubts about the company's future.
View original story
Similar markets
Top 10 • 25%
Top 20 • 25%
Top 30 • 25%
Below Top 30 • 25%
Yes • 50%
No • 50%
Debt reduction • 25%
Share buyback • 25%
New acquisitions • 25%
Other • 25%
Below $500 million • 25%
$500 million to $1 billion • 25%
$1 billion to $2 billion • 25%
Above $2 billion • 25%
Less than $4.5 billion • 25%
$4.5 billion to $5 billion • 25%
$5 billion to $6 billion • 25%
More than $6 billion • 25%
Less than $1 billion • 25%
$1 billion to $5 billion • 25%
$5 billion to $10 billion • 25%
More than $10 billion • 25%
Accept the offer • 25%
Reject the offer • 25%
Negotiate a higher price • 25%
No clear decision by deadline • 25%
Less than $500 million • 25%
$500 million to $1 billion • 25%
$1 billion to $2 billion • 25%
More than $2 billion • 25%
Less than $500 million • 25%
$500 million to $700 million • 25%
$700 million to $900 million • 25%
More than $900 million • 25%
Less than $1 billion • 25%
$1 billion to $5 billion • 25%
$5 billion to $10 billion • 25%
More than $10 billion • 25%