B. Riley Wealth Private Shares

B. RILEY WEALTH PRIVATE SHARES is an SEC-registered investment adviser in Memphis, TN, registered since 2021. The firm manages approximately $48 million in...

B. Riley Wealth Private Shares

B. RILEY WEALTH PRIVATE SHARES is an SEC-registered investment adviser in Memphis, TN, registered since 2021. The firm manages approximately $48 million in assets. It has 8 employees and 3 investment advisers.

General information

Firm type

Asset Manager

Who can invest in B. Riley Wealth Private Shares?

The program is available to accredited investors and qualified clients of B. Riley Wealth Management. Minimum investment amounts are set on a per-deal basis and are not publicly disclosed.

How does B. Riley Wealth Private Shares source its deals?

Deal flow originates from B. Riley Securities' investment banking relationships, including IPOs, follow-on offerings, and private placements. The private shares team screens these opportunities for suitability for individual investors.

What types of companies does B. Riley Wealth Private Shares typically target?

The program generally targets later-stage private companies with demonstrated revenue traction and a path to liquidity. Sectors often include technology, healthcare, and consumer, based on available deal history.

Is B. Riley Wealth Private Shares managed independently from B. Riley Financial?

It operates as a business unit within B. Riley Wealth Management, which is a subsidiary of B. Riley Financial (publicly traded). Investment decisions may involve coordination with the broader firm's research and banking teams.

How are liquidations handled for private shares investments?

Liquidity events typically align with the target company's exit, such as an IPO, acquisition, or a secondary sale. The program structures participation to match these events, which may extend over multiple years.

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