- CEO
- Bryant Richard Riley
- Full Time Employees
- 2,210
- Sector
- Financial Services
- Industry
- Financial - Conglomerates
- Address
- 11100 Santa Monica Boulevard Los Angeles DE United States of America
- IPO Date
- Jan 26, 2021
- Business
- B. Riley Financial, Inc. (NASDAQ: RILY), soon to be renamed BRC Group Holdings, Inc. effective January 1, 2026, operates as a diversified financial services company headquartered in Los Angeles, California, and founded in 1997; the firm provides end-to-end solutions across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, appraisal and valuation, auction and liquidation services, as well as opportunistic principal investments in debt and equity of public and private companies, telecom services including traditional, mobile and cloud phone, internet, data, security and email, and consumer products encompassing fashion brands such as Hurley, Justice, bebe, Catherine Malandrino, Joan Vass, Limited Too and Nanette Lepore, alongside home furnishings and mobile computing accessories. The company conducts its activities through six primary operating segments—Capital Markets, which offers comprehensive services in sales, trading, research, merchant banking, mergers and acquisitions, and restructuring for small cap and middle-market companies; Wealth Management, providing financial planning, brokerage, investment management, insurance and tax preparation to high-net-worth individuals, families and business owners; Financial Consulting, delivering turnaround and restructuring, forensic accounting, litigation support and valuation services to companies, lenders, creditors and investors; Communications, focused on telecom and internet access; Consumer Products; and E-Commerce—serving corporate, institutional and high-net-worth clients primarily in the United States, Canada, Europe and Mexico. Recent developments include the June 2025 sale of its GlassRatner Advisory & Capital Group subsidiary to TorQuest Partners for $117.8 million, generating an expected gain of approximately $66 million to bolster its capital structure and refocus on core investment banking and wealth management operations; the April 2025 divestiture of a portion of its wealth management team to Stifel Financial Corp.; asset sale plans announced in September 2024 to raise around $410 million through stakes in Great American Group and financing for B. Riley and bebe brands businesses aimed at debt reduction; and the upcoming corporate name change to BRC Group Holdings, Inc., reflecting its evolution into a portfolio of distinct companies across financial services, telecom, retail and venture capital investments while retaining the RILY ticker symbol.