Summary
B. Riley Financial, Inc., through its subsidiaries, provides investment banking and financial services to corporate, institutional, and high net worth clients in North America, Australia, and Europe. The company operates in six segments: Capital Markets, Wealth Management, Auction and Liquidation, Financial Consulting, Principal Investments?Communications, and Brands. The Capital Markets segments offers investment banking, corporate finance, financial advisory, research, securities lending and sales, and trading services; merger and acquisitions, restructuring advisory, initial and secondary public offerings, and institutional private placements services; asset management services; and trades in equity securities. The Wealth Management segment provides wealth management and tax services. The Auction and Liquidation Segment offers retail store liquidation, and wholesale and industrial assets disposition services. The Financial Consulting segment provides bankruptcy, forensic accounting, litigation support, operations management and real estate consulting, and valuation and appraisal services. The Principal Investments?Communications segment provides consumer Internet access through United Online under the NetZero and Juno brands; VoIP communication and related products, and subscription services through magicJack; and mobile phone services and devices through Marconi Wireless. The Brands segments provides licensing of a brand investment portfolio, including Catherine Malandrino, English Laundry, Joan Vass, Kensie Girl, Limited Too, and Nanette Lepore. It also offers advisory services; brokerage services; senior secured and second lien secured loans to middle market public and the private U.S. companies; and consulting services. The company was formerly known as Great American Group, Inc. and changed its name to B. Riley Financial, Inc. in November 2014. The company was founded in 1973 and is headquartered in Los Angeles, California.
History
B. Riley Financial was founded in 1997 as B. Riley & Co., LLC and is headquartered in Woodland Hills, CA. It was formerly known as B. Riley & Co. LLC and changed its name to B. Riley Financial, Inc. in February 2015.
Mission
Our mission at B. Riley Financial is to consistently deliver creative, comprehensive and timely capital markets, asset management and financial services to our clients and partners, ensuring that each time we support them, their experience exceeds expectations.
Vision
Our vision at B. Riley Financial is to provide clients and partners with best-in-class financial services, asset management and capital markets solutions.
Key Team
Mr. Phillip Ahn CFA (CFO & COO)
Mr. Alan Neil Forman J.D. (Exec. VP, Gen. Counsel & Sec.)
Mr. Andrew Thomas Moore (Chief Exec. Officer of B. Riley Securities, Inc.,)
Mr. Daniel Shribman (Chief Investment Officer)
Mr. Howard E. Weitzman (Chief Accounting Officer & Sr. VP)
Mr. Perry M. Mandarino (Head of Corp. Fin. & Sr. MD)
Mr. Timothy Wood (Chief Information Officer)
Recognition and Awards
B. Riley Financial has been recognized by the Los Angeles Business Journal as one of “LA’s Top Nifty 50”, as well as by CFO Studio as “Best Small and Mid Sized Companies 2018”. It has also been listed in the CRN Fast Growth 150 List and recognized as one of Southern California’s “Fastest Growing Financial Companies” by the Orange County Business Journal in 2019.
References