Stifel Finalizes Acquisition of B. Riley Employee Advisors

Stifel Completes Acquisition of B. Riley Employee Advisors

Stifel Financial Corp. (NYSE: SF) announced today that it has completed its acquisition of B. Riley Employee Advisors, a leading employee benefits and wealth management firm. The acquisition was first announced in January and marks a significant expansion of Stifel's employee benefits and wealth management capabilities.

As part of the deal, B. Riley Employee Advisors' employees will join Stifel's Employee Benefits and Wealth Management division, which will continue to operate under the B. Riley Employee Advisors brand. The acquired firm will maintain its existing leadership and operations, with its headquarters remaining in Los Angeles.

"We are thrilled to welcome the talented team at B. Riley Employee Advisors to the Stifel family," said Ronald H. Sterbenz, Stifel's President and Chief Operating Officer. "This acquisition further solidifies our position as a leading provider of employee benefits and wealth management solutions, and we look forward to continuing to serve our clients with the same level of expertise and dedication that B. Riley Employee Advisors is known for."

The acquisition is expected to enhance Stifel's capabilities in the employee benefits and wealth management space, particularly in the areas of retirement plan services, employee financial wellness, and wealth management. The combined entity will have a significant presence in the United States, with over 2,000 employees and more than $3 billion in assets under management.

"Joining Stifel is an exciting new chapter for our firm, and we are grateful for the opportunity to leverage our combined expertise and resources to better serve our clients," said Chris Stephenson, President of B. Riley Employee Advisors. "We are confident that our team will thrive within the Stifel organization and continue to deliver exceptional results for our clients."