Stifel Financial Corp. Completes Acquisition of 36 B. Riley Employee Advisors
Stifel Financial Corp. (NYSE: SF), a leading wealth management and investment banking firm, has announced the successful completion of its acquisition of 36 employee advisors from B. Riley Wealth Management. This transaction, which was first announced on March 15, 2025, represents a significant expansion of Stifel’s presence in the wealth management industry.
Approximate $4 Billion in Assets Under Management
The 36 advisors, who will be joining Stifel’s Private Client Group, are responsible for managing approximately $4 billion in assets under management (AUM) on behalf of their clients. This acquisition is expected to contribute to Stifel’s continued growth in the wealth management sector, as the firm looks to build on its existing base of more than $300 billion in AUM.
Expansion in Key Markets
The deal also marks Stifel’s entry into several new markets, including Houston, Texas, and Naples, Florida. These new locations will allow the firm to better serve clients in those areas and expand its footprint in the southern United States. Stifel has already announced plans to open new offices in both cities, with the first expected to open in the coming months.
Impact on Individual Investors
For individual investors, the acquisition of these advisors may mean new opportunities to work with experienced financial professionals who can help manage their investments and plan for their financial future. Stifel’s Private Client Group offers a range of wealth management services, including portfolio management, financial planning, and trust and estate services.
Impact on the Wealth Management Industry
From a broader perspective, this acquisition is a sign of the ongoing consolidation in the wealth management industry. With an increasing number of firms looking to expand their presence and offerings, mergers and acquisitions are becoming a common strategy for growth. This trend is expected to continue in the coming years, as firms look to build scale and better compete with larger players in the market.
Conclusion
In conclusion, Stifel Financial Corp.’s acquisition of 36 employee advisors from B. Riley Wealth Management represents a significant expansion of the firm’s wealth management capabilities and footprint. With approximately $4 billion in assets under management and entry into new markets, this deal is a clear indication of Stifel’s commitment to growth in the wealth management sector. For individual investors, this acquisition may mean new opportunities to work with experienced financial professionals and access a range of wealth management services. From a broader perspective, this deal is a sign of the ongoing consolidation in the wealth management industry and the importance of scale and innovation in a competitive market.
- Stifel Financial Corp. completes acquisition of 36 B. Riley employee advisors
- Approximate $4 billion in assets under management
- Expansion into Houston, Texas, and Naples, Florida
- Impact on individual investors: new opportunities to work with experienced financial professionals
- Impact on the wealth management industry: ongoing consolidation, importance of scale and innovation
