Stifel Completes Acquisition of B. Riley Employee Advisors

Rhea-AI Summary

Stifel Financial Corp. (NYSE: SF) has successfully completed the acquisition of 36 B. Riley employee advisors, adding approximately $4 billion in assets under management to their portfolio. This strategic move further strengthens Stifel's Global Wealth Management business, which achieved record annual revenue of $3.3 billion in 2024 and manages over $500 billion in total client assets.

The company's commitment to excellence is reflected in its consecutive #1 ranking in overall employee-advisor satisfaction according to the J.D. Power U.S. Financial Advisor Satisfaction Study. Stifel operates through various subsidiaries, offering securities brokerage, investment banking, trading, investment advisory, and banking services to diverse clients including individual investors, professional money managers, businesses, and municipalities.

Positive

• Acquisition adds $4 billion in assets under management
• Record annual revenue of $3.3 billion in Global Wealth Management (2024)
• Total client assets exceed $500 billion
• #1 ranking in employee-advisor satisfaction for second consecutive year

Negative

• None.

ST. LOUIS, April 07, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced the completion of its acquisition of 36 B. Riley employee advisors, representing total assets under management of approximately $4 billion.

“We are very excited to welcome our new colleagues from B. Riley,” said Ronald J. Kruszewski, Chairman and CEO of Stifel. “Adding this team of talented advisors is yet another example of our commitment to expanding Stifel’s premier Global Wealth Management business.”

In 2024, Stifel’s Global Wealth Management business recorded record annual revenue of $3.3 billion with more than $500 billion in total client assets. Stifel was also ranked No. 1 in overall employee-advisor satisfaction for a second straight year, according to the annual J.D. Power U.S. Financial Advisor Satisfaction Study.

Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel Independent Advisors, LLC. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.

Media Contact
Neil Shapiro, (212) 271-3447
shapiron@stifel.com

Investor Relations Contact
Joel Jeffrey, (212) 271-3610
investorrelations@stifel.com

FAQ

How many B. Riley advisors did Stifel (SF) acquire in 2025?

Stifel acquired 36 B. Riley employee advisors in April 2025.

What is the total assets under management added through Stifel's B. Riley advisors acquisition?

The acquisition added approximately $4 billion in assets under management to Stifel's portfolio.

What was Stifel's (SF) Global Wealth Management revenue in 2024?

Stifel's Global Wealth Management business recorded record annual revenue of $3.3 billion in 2024.

How much are Stifel's (SF) total client assets as of 2024?

Stifel manages more than $500 billion in total client assets.

What recognition did Stifel receive in the J.D. Power advisor satisfaction study?

Stifel ranked No. 1 in overall employee-advisor satisfaction for two consecutive years.