B. Riley Financial, Inc. - Common Stock (RILY)

Competitors to B. Riley Financial, Inc. - Common Stock (RILY)

Cowen Inc.

Cowen Inc. competes directly with B. Riley Financial in investment research, capital markets, and advisory services. Cowen is particularly strong in sectors such as technology and healthcare, where it has established a reputation for detailed market insights and strong client relationships. This specialization can provide Cowen an edge over B. Riley in those industries, even though B. Riley showcases a broader service offering that allows it to serve various market segments effectively.

Jefferies Financial Group Inc. 

Jefferies competes with B. Riley Financial by offering a similar range of financial services including investment banking, asset management, and financial advisory. Both firms target middle-market clients, but Jefferies, with its larger balance sheet and greater brand recognition, has a competitive advantage in attracting larger investment deals and expanding its global reach. Additionally, Jefferies' focus on innovation in financial technology enhances its service offerings, making it a formidable competitor.

Piper Sandler Companies 

Piper Sandler and B. Riley Financial compete in the investment banking space, particularly in sectors like healthcare, consumer markets, and financial services. Piper Sandler boasts a strong research and equity capabilities, which allows it to provide in-depth analysis and recommendations that attract institutional clients. In contrast, B. Riley Financial has been successful with its diversified services, which include capital markets and asset management, giving it a unique proposition as a one-stop shop. However, Piper Sandler’s specialization in certain sectors can give it an edge in those markets.

Raymond James Financial, Inc. 

Raymond James Financial leads the competition against B. Riley Financial through its extensive wealth management services and well-established brand in retail brokerage. Their diverse client base, including both institutional and individual investors, allows them to leverage economies of scale for better pricing and offerings. B. Riley, while also a strong contender in investment banking and capital markets, does not yet have the same market penetration or brand equity in wealth management as Raymond James, which gives the latter a competitive advantage.