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PITTSBURGH, April 7, 2025 /PRNewswire/ -- Stifel Financial Corp. (NYSE: SF), a leading financial services company, today announced that it has completed its acquisition of B. Riley Employee Advisors, a leading employee benefits and wealth management firm.

The acquisition, which was first announced in December 2024, brings together two highly respected firms in the financial services industry. B. Riley Employee Advisors, a subsidiary of B. Riley Financial, Inc. (NASDAQ: BRFY), is a leading provider of employee benefits and wealth management services to individuals, families, and businesses.

"This acquisition is a significant milestone for Stifel and further solidifies our position as a leading financial services company," said Ronald H. Sterling, President and CEO of Stifel. "We are thrilled to welcome the talented team at B. Riley Employee Advisors to the Stifel family and look forward to working together to provide exceptional service and value to our clients."

The acquisition adds a new dimension to Stifel's employee benefits and wealth management capabilities, providing clients with a broader range of services and expertise. The combined firm will have a strong presence in key markets across the United States, with a total of over 2,000 financial advisors and professionals serving clients.

"We are excited to join forces with Stifel, a company that shares our commitment to providing exceptional service and value to our clients," said Scott Levine, CEO of B. Riley Employee Advisors. "Our team is looking forward to working together to provide a seamless experience for our clients and to continue growing our business."

The acquisition is expected to be accretive to Stifel's earnings in the first full year following the transaction. The terms of the acquisition were not disclosed.

About Stifel Financial Corp. Stifel Financial Corp. (NYSE: SF) is a leading financial services company that provides securities brokerage, investment banking, trading, and wealth management services to individual investors, institutional clients, and corporations. Stifel Financial Corp. and its subsidiaries have more than 2,000 financial advisors and professionals serving clients in the United States and internationally. For more information, visit www.stifel.com.

About B. Riley Employee Advisors B. Riley Employee Advisors is a leading provider of employee benefits and wealth management services to individuals, families, and businesses. The firm is a subsidiary of B. Riley Financial, Inc. (NASDAQ: BRFY) and has a strong presence in key markets across the United States. For more information, visit www.briley.com.