www.reuters.com Open in urlscan Pro
2600:9000:235a:2600:15:5a3e:9d40:93a1  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to main content

Exclusive news, data and analytics for financial market professionalsLearn more
aboutRefinitiv

 * World
   Browse World
    * Africa
    * Americas
    * Asia Pacific
    * China
    * Europe
    * India
    * Israel and Hamas at War
   
    * Japan
    * Middle East
    * Ukraine and Russia at War
    * United Kingdom
    * United States
    * Reuters NEXT
   
   Latest in World
    * Zelenskiy seeks 'truly just peace' for Ukraine during US visit
      an hour ago
      
    * Leaders at climate meetings in New York warn of growing mistrust between
      nations
      1:25 AM GMT+2
      
    * Hack of Hezbollah devices exposes dark corners of Asia supply chains
      September 22, 2024
      
    * Mexico's ruling party elects new leader to shape post-Lopez Obrador era
      September 22, 2024
      

 * US Election
 * Business
   Browse Business
    * Aerospace & Defense
    * Autos & Transportation
    * Davos
    * Energy
    * Environment
    * Finance
    * Healthcare & Pharmaceuticals
   
    * Media & Telecom
    * Retail & Consumer
    * Future of Health
    * Future of Money
    * Take Five
    * World at Work
   
   Latest in Business
    * Bitcoin jumps while Japan holiday dulls most currencies
      10 min ago
      
    * Australia's REA sweetens takeover offer for Britain's Rightmove to $8.1
      bln
      10 min ago
      
    * Asia stocks hold steady as more rate cuts loom
      16 min ago
      
    * Apollo eyes $5 billion investment in Intel, Bloomberg News reports
      36 min ago
      

 * Markets
   Browse Markets
    * Asian Markets
    * Carbon Markets
    * Commodities
    * Currencies
    * Deals
    * Emerging Markets
    * ETFs
    * European Markets
   
    * Funds
    * Global Market Data
    * Rates & Bonds
    * Stocks
    * U.S. Markets
    * Wealth
    * Macro Matters
   
   Latest in Markets
    * Asia stocks hold steady as more rate cuts loom
      16 min ago
      
    * Wall Street dips after rate cut rally, dollar firms
      September 20, 2024
      
    * Toronto market extends record-setting run as gold miners climb
      September 20, 2024
      
    * South African rand cools after strong gains in data-filled week
      September 20, 2024
      

 * Sustainability
   Browse Sustainability
    * Boards, Policy & Regulation
    * Climate & Energy
    * Land Use & Biodiversity
    * Society & Equity
    * Sustainable Finance & Reporting
    * The Switch
    * Reuters Impact
   
   Latest in Sustainability
    * Australian regulator sues Woolworths and Coles over discount pricing
      claims
      34 min ago
      
    * China monthly economic reports understate power output as small-scale
      renewables surge
      1:29 AM GMT+2
      
    * Leaders at climate meetings in New York warn of growing mistrust between
      nations
      1:25 AM GMT+2
      
    * Some 40% of regions, cities and companies lack emissions-cut targets,
      survey says
      1:24 AM GMT+2
      

 * Legal
   Browse Legal
    * Government
    * Legal Industry
    * Litigation
    * Transactional
    * US Supreme Court
   
   Latest in Legal
    * Microsoft deal propels Three Mile Island restart, with key permits still
      needed
      September 21, 2024
      
    * X names Brazil legal representative as it fights ban in the country
      September 21, 2024
      
    * FTC Chair Lina Khan welcomes companies weighing antitrust in deals,
      addresses critics
      September 21, 2024
      
    * SEC approves BlackRock's spot bitcoin ETF options listing
      September 21, 2024
      

 * Breakingviews
   Browse Breakingviews
    * Breakingviews Predictions
   
   Latest in Breakingviews
    * Amazon’s office mandate reflects deeper banality
      September 20, 2024
      
    * Mercedes’ China motor hits one of two roadblocks
      September 20, 2024
      
    * India’s open for business push has local quirks
      September 20, 2024
      
    * Larry Fink’s private index dream may be holy grail
      September 20, 2024
      

 * Technology
   Browse Technology
    * Artificial Intelligence
    * Cybersecurity
    * Space
    * Disrupted
   
   Latest in Technology
    * Apollo eyes $5 billion investment in Intel, Bloomberg News reports
      36 min ago
      
    * Hack of Hezbollah devices exposes dark corners of Asia supply chains
      September 22, 2024
      
    * SpaceX plans to send five uncrewed Starships to Mars in two years, Musk
      says
      September 22, 2024
      
    * TSMC, Samsung mull building big chip factories in UAE, WSJ reports
      September 22, 2024
      

 * More
   Investigations
   Sports
    * Athletics
    * Baseball
    * Basketball
    * Cricket
    * Cycling
    * Formula 1
    * Golf
    * NFL
    * NHL
    * Soccer
    * Tennis
   
   Science
   Lifestyle
   Graphics
   Pictures
   Wider Image
   Podcasts
   Fact Check
   Video
   Sponsored Content
    * Reuters Plus
    * Press Releases
   
   Trending Stories
    * Harris gaining ground on Trump, TV network polls show
      
    * Worldcategory
      Man smashes Ai Weiwei sculpture at Italy art show opening
      
    * Exclusive: Harris to release new economic proposals this week on US wealth
      creation, sources say
      
    * Worldcategory
      Trump says he will not run again if he loses in November, 'that will be
      it'
      

My News

Sign InRegister

 * Deals


STIFEL FINANCIAL IN TALKS TO BUY B. RILEY'S WEALTH MANAGEMENT UNIT, SOURCE SAYS

By David French
September 20, 20247:50 PM GMT+2Updated 2 days ago
Text
 * Small Text
 * Medium Text
 * Large Text

Share
 * X
 * Facebook
 * Linkedin
 * Email
 * Link

NEW YORK, Sept 20 (Reuters) - Embattled investment bank B. Riley Financial
(RILY.O), opens new tab is in talks to sell its wealth management business to
Stifel Financial (SF.N), opens new tab for more than $100 million, a source
familiar with the matter said on Friday.
The talks come as B. Riley tries to raise funds after a second-quarter loss
warning and faces pressure over its role in a management-led buyout of Franchise
Group last year.
Talks are ongoing after Stifel approached B. Riley about acquiring the wealth
management unit, said the source, who cautioned that a deal was not guaranteed
and another suitor could ultimately emerge for the business.
Advertisement · Scroll to continue

The source also spoke on condition of anonymity to discuss confidential
deliberations.
Stifel declined comment. B. Riley did not immediately respond to a comment
request.
Last week, B. Riley disclosed it was in exclusive negotiations with a global
asset manager to sell a 53% stake in its Great American Group business.
Bloomberg News reported that Oaktree Capital is in talks to acquire the stake.
The unit, valued at around $380 million in the deal, consists of B. Riley's
appraisal and valuation services arm and its retail, wholesale and industrial
solutions unit.
Advertisement · Scroll to continue

B. Riley is also studying a potential take-private offer from co-founder and
co-CEO Bryant Riley. A special committee comprising independent directors is
evaluating that proposal.
The company's wealth management business offers financial advice to individuals,
businesses and organizations, including tax services, retirement plans, and
other financial planning, according to its website.


Get the latest news and expert analysis about the state of the global economy
with the Reuters Econ World newsletter. Sign up here.

Reporting by David French in New York, editing by Deepa Babington

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Share
 * X
 * Facebook
 * Linkedin
 * Email
 * Link

Purchase Licensing Rights


READ NEXT

 * DealscategoryAustralia's REA sweetens takeover offer for Britain's Rightmove
   to $8.1 bln
 * DealscategoryQualcomm approached Intel about a takeover in recent days,
   source says
 * European MarketscategoryGermany to hold onto Commerzbank stake as lender aims
   for independence
 * ANALYSISSocGen's CEO Krupa tightens screws on costs as bank's turnaround plan
   falls flat
 * DealscategoryMicrosoft deal propels Three Mile Island restart, with key
   permits still needed
 * Austria's RBI sells Belarus bank at a loss to UAE investor




MARKETS


 * ASIA STOCKS HOLD STEADY AS MORE RATE CUTS LOOM
   
   Marketscategory · September 23, 2024 · 2:35 AM GMT+2 · 16 min ago
   
   Asian stocks were steady on Monday ahead of central bank meetings that are
   widely expected to deliver two more rate cuts and key U.S. inflation figures
   that should flash a green light for more easing there.

 * MarketscategoryWall Street dips after rate cut rally, dollar firmsSeptember
   20, 2024
 * MarketscategoryToronto market extends record-setting run as gold miners
   climbSeptember 20, 2024
 * MarketscategorySouth African rand cools after strong gains in data-filled
   weekSeptember 20, 2024
 * Macro MatterscategoryCanada retail sales rise more than expected in July;
   likely up in AugustSeptember 20, 2024




SITE INDEX


LATEST

 * Home
 * Authors
 * Topic sitemap
 * Archive
 * Sitemap


BROWSE

 * World
 * Business
 * Markets
 * Sustainability
 * Legal
 * Breakingviews
 * Technology
 * Investigations
 * Sports
 * Science
 * Lifestyle


MEDIA

 * 
   Videos
 * 
   Pictures
 * 
   Graphics


ABOUT REUTERS

 * About Reuters, opens new tab
 * Careers, opens new tab
 * Reuters News Agency, opens new tab
 * Brand Attribution Guidelines, opens new tab
 * Reuters Leadership, opens new tab
 * Reuters Fact Check
 * Reuters Diversity Report, opens new tab


STAY INFORMED

 * Download the App (iOS), opens new tab
 * Download the App (Android), opens new tab
 * Newsletters


INFORMATION YOU CAN TRUST

Reuters, the news and media division of Thomson Reuters, is the world’s largest
multimedia news provider, reaching billions of people worldwide every day.
Reuters provides business, financial, national and international news to
professionals via desktop terminals, the world's media organizations, industry
events and directly to consumers.


FOLLOW US

 * X
 * Facebook
 * Instagram
 * Youtube
 * Linkedin


THOMSON REUTERS PRODUCTS

 * WESTLAW, OPENS NEW TAB
   
   BUILD THE STRONGEST ARGUMENT RELYING ON AUTHORITATIVE CONTENT,
   ATTORNEY-EDITOR EXPERTISE, AND INDUSTRY DEFINING TECHNOLOGY.

 * ONESOURCE, OPENS NEW TAB
   
   THE MOST COMPREHENSIVE SOLUTION TO MANAGE ALL YOUR COMPLEX AND EVER-EXPANDING
   TAX AND COMPLIANCE NEEDS.

 * CHECKPOINT, OPENS NEW TAB
   
   THE INDUSTRY LEADER FOR ONLINE INFORMATION FOR TAX, ACCOUNTING AND FINANCE
   PROFESSIONALS.


LSEG PRODUCTS

 * WORKSPACE, OPENS NEW TAB
   
   ACCESS UNMATCHED FINANCIAL DATA, NEWS AND CONTENT IN A HIGHLY-CUSTOMISED
   WORKFLOW EXPERIENCE ON DESKTOP, WEB AND MOBILE.

 * DATA CATALOGUE, OPENS NEW TAB
   
   BROWSE AN UNRIVALLED PORTFOLIO OF REAL-TIME AND HISTORICAL MARKET DATA AND
   INSIGHTS FROM WORLDWIDE SOURCES AND EXPERTS.

 * WORLD-CHECK, OPENS NEW TAB
   
   SCREEN FOR HEIGHTENED RISK INDIVIDUAL AND ENTITIES GLOBALLY TO HELP UNCOVER
   HIDDEN RISKS IN BUSINESS RELATIONSHIPS AND HUMAN NETWORKS.

 * Advertise With Us, opens new tab
 * Advertising Guidelines
 * Purchase Licensing Rights, opens new tab

 * Cookies, opens new tab
 * Terms of Use
 * Privacy, opens new tab
 * Digital Accessibility, opens new tab
 * Corrections
 * Site Feedback, opens new tab

All quotes delayed a minimum of 15 minutes. See here for a complete list of
exchanges and delays.

© 2024 Reuters. All rights reserved






RIGHT TO WITHDRAW CONSENT UNDER GDPR

We and our 152 partners store and/or access information on a device, such as
unique IDs in cookies to process personal data. You may accept or manage your
choices by clicking below, including your right to object where legitimate
interest is used, or at any time in the privacy policy page. These choices will
be signaled to our partners and will not affect browsing data.Cookie
PolicyPrivacy Statement


WE AND OUR PARTNERS PROCESS DATA TO PROVIDE:

Use precise geolocation data. Actively scan device characteristics for
identification. Store and/or access information on a device. Personalised
advertising and content, advertising and content measurement, audience research
and services development. List of Partners (vendors)

Allow All Reject All Show Purposes


Feedback