B. Riley Wealth Portfolio Advisers, LLC

CRD#314171
Investment Advisor Firm

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Learn more about B. Riley Wealth Portfolio Advisers, LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    B. Riley Wealth Portfolio Advisers, LLC is located at 40 South Main, Memphis, TN. The firm employs 1 financial advisor to manage client portfolios and provide financial guidance. B. Riley Wealth Portfolio Advisers, LLC is not a registered broker-dealer.

    B. Riley Wealth Portfolio Advisers, LLC oversees $186.1 million in assets under management across 535 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, and pension consulting services. The firm caters to retail investors, high net worth investors, pension plans, other investment advisers, and corporations, with retail investors being the largest client type by accounts. The fee structure at B. Riley Wealth Portfolio Advisers, LLC includes asset-based and fixed fees. The firm has 13 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, an accountant or accounting firm, and an insurance company or agency.

    B. Riley Wealth Portfolio Advisers, LLC is registered in the states of California, Florida, Georgia, Maryland, Minnesota, Missouri, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Wisconsin.

    Assets Under Management

    $186.1 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    40 South Main
    Memphis, TN 38103

    B. Riley Wealth Portfolio Advisers, LLC by the Numbers

    Total Assets Under Management

    $186.1 million

    National Average: $8.6 billion
    Total Number of Employees

    11

    National Average: 64
    Total Number of Accounts

    535

    National Average: 375,227
    Average Account Size

    $347.9 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees typically are based on the type of services offered. Fees billed by B. Riley Wealth Portfolio Advisers, LLC likely consist of some blend of the following fee types: asset-based or fixed.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    The firm does business with a broad range of investors. It caters to retail investors, high net worth investors, pension plans, other investment advisers, and corporations. Out of its 5 clients, B. Riley Wealth Portfolio Advisers, LLC's largest client group by number of accounts is other investment advisers, though it also manages money for 13 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 2.46%
    • Other Individuals - 83.52%
    • Corporations - 14.02%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    B. Riley Wealth Portfolio Advisers, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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