B. Riley to sell portion of wealth management business to Stifel-February 2024-www.financetom.com

B. Riley to sell portion of wealth management business to Stifel

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B. Riley to sell portion of wealth management business to Stifel

Nov 4, 2024 11:56 AM

Nov 1 (Reuters) - B. Riley Financial ( RILY ) said on

Friday it had agreed to sell a portion its traditional wealth

management business to Stifel Financial ( SF ) in a deal that is

expected to fetch between $27 million and $35 million in cash.

(Reporting by Manya Saini in Bengaluru)

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