B. Riley Wealth Advisors, INC.
Assets Under Management
$7.0B
Number of Clients
17,372
Number of Advisors
176
Average Client AUM
$405K
AUM per Advisor
$39.9M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
B. Riley Wealth Advisors provides investment advisory services through wrap fee programs. These programs include Advisor-as-Portfolio Manager (APM), Envestnet Platform programs (SMA, UMA, FSP), and a discretionary program (W.I.S.D.M.). Fees are negotiated and depend on factors like service complexity, account size, and client relationship.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $250K | 2.75% |
| $250K - $1.0M | 2.50% |
| $1M+ | 2.00% |
Maximum fees. Actual fees and breakpoints are negotiable.
Fee Estimator
B. Riley Wealth Advisors offers wrap fee programs where you pay a single fee for investment advice, brokerage, and custodial services. The maximum annual fee for the Advisor-as-Portfolio Manager (APM) program is 2.75% on the first $250,000, 2.50% on the next $750,000, and 2.00% above $1,000,000. Fees and breakpoints are negotiable. Sub-advisers on the Envestnet platform typically charge 0.25% to 0.75% per year, included in the wrap fee. The minimum account size ranges from $25,000 to $250,000, but is negotiable. Clients may receive a net negative yield on cash balances held in the Bank Deposit Sweep Program (BDSP).
Areas of Practice
Location
40 S. Main St., Suite 1600, Memphis, TN, 38103