10:51 AM EDT, 04/20/2026 (MT Newswires) -- BRC Group ( RILY ) said Monday it plans to buy back about 8% of minority B. Riley Securities shares it does not already own and combine it with B. Riley Wealth division.

BRC said the move will bring its institutional and retail distribution under its investment banking and wealth management platform as part of its plan to consolidate its financial services platform.

The firm said it intends to effect the merger by year end.

Shares were over 2% lower in morning trading.

Price: 7.59, Change: -0.21, Percent Change: -2.69