Stifel, Riley

Seeking to Raise Cash, B. Riley to Sell Part of Wealth Business to Stifel Financial
Stifel will acquire 40 to 50 employee advisors managing between $3.5 billion to $4.5 billion in client assets as B.Riley works to lower its debt burden.
B. Riley to sell part of wealth management business to Stifel
Investment bank B. Riley Financial said on Friday it had agreed to sell a portion its traditional wealth management business to Stifel in a deal expected to fetch between $27 million and $35 million in cash.
B. Riley keeps indy reps after selling employees to Stifel for far less than expected
Eric Lyon, a former senior managing director, B. Riley Wealth Management, jumped to Kestra Investment Services at the start of last month. According to Kestra, Lyon’s team, Wealth Empowerment Financial Strategies, had more than 30 advisors and staff and works with $1.4 billion in client assets.
B. Riley to sell portion of wealth-management unit to Stifel
B. Riley Financial (NASDAQ:RILY) is selling a portion of its traditional (W-2) Wealth Management business to Stifel Financial (NYSE:SF) for estimated net consideration of $27M to $35M in cash, as the company continues to refocus on its core middle market financial services business.
B. Riley to sell portion of Wealth Management business to Stifel for $27M-$35M
B. Riley Financial (RILY) announced that it has signed a definitive agreement to sell a portion of its traditional Wealth Management business
The Business Journals1d
St. Louis financial services giant to pay up to $35M for part of wealth management business
B. Riley Financial Inc. (NASDAQ: RILY), a Los Angeles-based brokerage and investment bank, said it has agreed to sell part of its "traditional" wealth management business to St. Louis-based Stifel ...
DT Midstream downgraded at Stifel on valuation but outlook remains favorable
DT Midstream (NYSE:DTM) +1.2% in Wednesday's trading, a day after the natural gas pipeline company reported lower than ...
Stifel bullish on orexin, upgrades Alkermes to Buy
Stifel upgraded Alkermes (ALKS) to Buy from Hold with a price target of $36, up from $25. After a deep dive on the orexin space, the firm says ...
Financial Planning12d
Despite legal setbacks, Stifel reports record results in Q3
After adding 27 advisors in the past three months, CEO Ronald Kruszewski looks at the "recruiting landscape" and likes what ...
Stifel Financial: Good Results, Positive Outlook
Stifel Financial reports decent Q3 2024 results with a +2% revenue beat. Learn more about SF stock and why it remains ...
Air Canada upgraded to Buy from Hold at Stifel
Stifel upgraded Air Canada (ACDVF) to Buy from Hold with a price target of C$25.50, up from C$20. The company’s Q3 results were ...
Cohu to Participate at the Stifel 2024 Midwest 1x1 Conference
Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that management will participate at the Stifel ...
Vail Daily1d
Live music, fireworks, movies and more round out Birds of Prey World Cup ski racing events in Beaver Creek
Athletes, artists, beer tastings, movies and more highlight the 10-day Stifel Birds of Prey Audi FIS Alpine Ski World Cup at Beaver Creek Dec. 6-15. Complementing the on-hill action featuring the best ...
Business Insider1d
Arizona Metals (AZMCF) Receives a Buy from Stifel Nicolaus
In a report released on October 31, Cole McGill from Stifel Nicolaus maintained a Buy rating on Arizona Metals (AZMCF – Research Report), with a price target of C$7.50. The company’s shares closed ...