Stifel Closes Acquisition of B. Riley’s Wealth Unit
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Stifel Financial said this week that it has concluded the acquisition of the employee-advisor channel of troubled financial-services firm B. Riley Financial. St. Louis-based Stifel says it has brought on 36 advisors managing about $4 billion in client assets through the deal. “We are very excited to welcome our new colleagues from B. Riley,” says Stifel Chairman and CEO Ronald Kruszewski.
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