Stifel Financial Corp

NYSE:SFUnited States

Nov 1, 2024

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• DJ What the Next Administration Could Look Like -- Barron's, from 9:30PM ET on Friday Nov 01, 2024 by Dow Jones

  9:30PM ET on Friday Nov 01, 2024 by Dow Jones
  Companies Mentioned: SF
  
  What will happen to current Fed Chair Jerome Powell in a second Trump administration?
  
  Let's assume the people around Trump are speaking on his behalf. Some of the talk is just jawboning, which has happened since the Fed was founded in 1913. That's just part of life, and markets are fine with it. But markets would react negatively to direct interference in operations of the Fed.
  

• B. Riley to Sell Portion of Wealth Management Business to Stifel for Up to $35 Million, from 7:22AM ET on Friday Nov 01, 2024 by MT Newswires

  7:22AM ET on Friday Nov 01, 2024 by MT Newswires
  Companies Mentioned: RILY, SF
  07:22 AM EDT, 11/01/2024 (MT Newswires) -- B. Riley Financial (RILY) said Friday it has signed a definitive agreement to sell a portion of its traditional wealth management business to Stifel Financial (SF) for between $27 million and $35 million in...

• --B. Riley to Sell Portion of Wealth Management Business to Stifel for Up to $35 Million, from 7:20AM ET on Friday Nov 01, 2024 by MT Newswires

  7:20AM ET on Friday Nov 01, 2024 by MT Newswires
  Companies Mentioned: RILY, SF
  07:20 AM EDT, 11/01/2024 (MT Newswires) -- ...

• B. Riley Financial Provides Update on Wealth Management Business, from 7:00AM ET on Friday Nov 01, 2024 by PR Newswire

  7:00AM ET on Friday Nov 01, 2024 by PR Newswire
  Companies Mentioned: RILY, SF

  Enters into Agreement with Stifel Financial Corp. to Sell a Portion of Wealth Management Business

  B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has signed a definitive agreement to sell a portion of its traditional (W-2) Wealth Management business to Stifel Financial Corp. (NYSE: SF) ("Stifel") for estimated net consideration of $27 million to $35 million in cash. The transaction does not include B. Riley's approximately 190 independent advisors and 90 tax professionals. Subject to the terms of the agreement, the final consideration will be based on the number of advisors that join Stifel at closing. An expected 40 to 50 advisors, along with the associated customer accounts, will transition to Stifel in early 2025. The accounts represent total assets under management (AUM) of approximately $3.5 billion to $4.5 billion as of September 30th, 2024.

• Press Release: B. Riley Financial Provides Update on Wealth Management Business, from 7:00AM ET on Friday Nov 01, 2024 by Dow Jones

  7:00AM ET on Friday Nov 01, 2024 by Dow Jones
  Companies Mentioned: RILY, SF