B. Riley Asset Management LLC
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Learn more about B. Riley Asset Management LLC
B. Riley Asset Management LLC operates as a financial advisory firm located in Dallas, Texas. B. Riley Asset Management LLC handles $530.8 million in assets across seven customer accounts, making it one of the bigger investment advisory firms in the nation by assets under management (AUM). The company has a small team, including 8 financial advisors. B. Riley Asset Management LLC is not a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments like stocks, options and bonds.
B. Riley Asset Management LLC administers all of the company's accounts on a discretionary basis. Discretionary management is a structure in which transaction decisions for the client's account are made by a portfolio manager without requiring client permission. The firm oversees about $75.8 million for each customer account. An average financial advisor at B. Riley Asset Management LLC manages fewer than one client account, making it one of the most personalized firms in the country.
The company's main office is at 3811 Turtle Creek Blvd., Dallas, Texas 75219. The company is legally allowed to serve clients throughout 2 states, including Delaware and Texas.
Assets Under Management
Number of Advisors
B. Riley Asset Management LLC by the Numbers
Financial management fees typically depend on which services the firm provides the client. However, fee types charged by B. Riley Asset Management LLC likely are comprised of some blend of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by B. Riley Asset Management LLC.
Offered by 69% of firms
Percentage of AssetsShow 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 26% of firms
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 21% of firms that offer this fee type
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
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 0% of firms that offer this fee type
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 32% of firms that offer this fee type
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.
Find one of the 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
It provides services to pooled investment vehicles. Out of its seven customers, B. Riley Asset Management LLC's largest client group by number of accounts is pooled investment vehicles. About 29% of its customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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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B. Riley Asset Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at B. Riley Asset Management LLC
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