B. Riley Financial Inc. Preferred Stock 5.25% 08/31/28 (RILYZ)

Overview

B. Riley Financial, Inc. is a diversified provider of financial services and solutions, catering to the diverse needs of public and private firms. Founded in 1973 and based in Los Angeles, CA, the company operates through various segments, including Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer. These segments together offer a comprehensive suite of services targeting corporate, institutional, and high net worth clients, focusing on areas such as investment banking, corporate finance, research, wealth management, specialized advisory services, retail liquidation, and investment in communications and consumer-related portfolios.

Products and Services

• Capital Markets

Under this segment, B. Riley Financial provides a broad range of services including investment banking, corporate finance, research, wealth management, and sales and trading. These services are designed to meet the complex needs of corporate, institutional, and high net worth clients, helping them navigate the intricacies of the capital markets.

• Wealth Management

This segment offers an array of services tailored to individual investors, including retail brokerage, investment management, insurance, and tax preparation. By focusing on personal financial goals, B. Riley Financial aims to deliver customized investment solutions to its clients.

• Financial Consulting

Specializing in advisory services, this segment addresses varied needs such as bankruptcy, restructuring, turnaround management, forensic accounting, crisis and litigation support, appraisal and valuation, real estate consulting, and operations management. Its focus is on delivering strategic insights and solutions during critical and complex situations.

• Auction and Liquidation

This area deals with retail liquidation services, facilitating the process of selling assets in a timely and efficient manner. B. Riley Financial aims to maximize recovery value for clients through its bespoke liquidation strategies.

• Communications

The Communications segment encompasses a portfolio of companies acquired for their attractive risk-adjusted investment return characteristics. This strategy underlines B. Riley Financial's commitment to investing in and nurturing communications-related enterprises.

• Consumer

Including brands like Targus and other investment portfolios, this segment reflects B. Riley Financial’s approach to consumer investment, focusing on identifying and investing in consumer-centric companies with strong growth potential.