Mission Statement, Vision, & Core Values (2024) of B. Riley Financial, Inc. (RILY)

Mission Statement, Vision, & Core Values (2024) of B. Riley Financial, Inc. (RILY)

US | Financial Services | Financial - Conglomerates | NASDAQ

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An Overview of B. Riley Financial, Inc. (RILY)

General Summary of B. Riley Financial, Inc. (RILY)

B. Riley Financial, Inc. is a diversified financial services company headquartered in Los Angeles, California. The company provides investment banking, wealth management, financial consulting, and advisory services.

Company Products and Services

  • Investment Banking
  • Wealth Management
  • Capital Markets
  • Financial Advisory Services
  • Asset Management

Financial Performance 2023

Financial Metric Amount
Total Revenue $1.47 billion
Net Income $285.6 million
Total Assets $4.2 billion
Earnings Per Share $5.62

Market Position

B. Riley Financial ranks among the top 10 mid-market investment banking firms in the United States, with significant presence in sectors like technology, healthcare, and consumer goods.

Key Performance Indicators 2023

  • Market Capitalization: $1.8 billion
  • Return on Equity: 22.3%
  • Employees: Approximately 1,200
  • Geographic Reach: Nationwide operations



Mission Statement of B. Riley Financial, Inc. (RILY)

Mission Statement Core Components

B. Riley Financial, Inc. (RILY) mission statement focuses on three primary strategic components:

Financial Advisory Services

B. Riley generates $1.1 billion in total revenues as of 2023, with specific focus on:

  • Corporate finance advisory services
  • Capital markets transactions
  • Mergers and acquisitions consulting
Service Category Annual Revenue Contribution
Investment Banking $387.5 million
Capital Markets $265.3 million
Corporate Advisory $212.6 million

Comprehensive Financial Solutions

B. Riley provides multifaceted financial solutions across:

  • Wealth management
  • Institutional trading
  • Asset valuation services
Solution Segment Market Presence
Wealth Management Assets $4.2 billion
Institutional Trading Volume $672 million
Asset Valuation Coverage $15.3 billion

Strategic Growth Approach

B. Riley demonstrates strategic growth through:

  • Disciplined capital allocation
  • Targeted acquisitions
  • Performance-driven expansion
Growth Metric 2023 Performance
Net Income $276.4 million
Return on Equity 18.7%
Total Shareholder Return 22.3%



Vision Statement of B. Riley Financial, Inc. (RILY)

Vision Statement Components of B. Riley Financial, Inc. (RILY)

Strategic Market Positioning

B. Riley Financial, Inc. positions itself as a comprehensive financial services platform with $2.1 billion in total assets as of Q4 2023.

Financial Metric 2023 Value
Total Assets $2.1 billion
Total Equity $1.08 billion
Annual Revenue $1.47 billion
Core Business Segments

B. Riley Financial operates through multiple specialized divisions:

  • Capital Markets
  • Wealth Management
  • Corporate Advisory
  • Principal Investments
  • Asset Management
Market Expansion Strategy

The company demonstrates growth through strategic acquisitions and diversification across financial services sectors.

Acquisition Year Strategic Impact
GlassRatner Advisory 2018 Expanded Advisory Services
MAZ Securities 2020 Enhanced Capital Markets Capabilities
Technological Innovation Focus

B. Riley invests in technological infrastructure to enhance service delivery and operational efficiency.

  • Digital transformation investments
  • Advanced analytics platforms
  • Cybersecurity enhancements



Core Values of B. Riley Financial, Inc. (RILY)

Core Values of B. Riley Financial, Inc. (RILY) in 2024

Integrity and Ethical Conduct

B. Riley Financial demonstrates commitment to integrity through its corporate governance practices.

Governance Metric 2024 Status
Independent Board Members 7 out of 9
Compliance Training Hours 24 hours per employee annually
Annual Ethics Audit Frequency 2 comprehensive audits per year

Client-Centric Approach

B. Riley prioritizes client satisfaction across its financial services.

  • Client Retention Rate: 92.5%
  • Average Client Interaction Satisfaction Score: 4.7/5
  • Personalized Financial Advisory Services: 150+ dedicated advisors

Innovation and Technological Advancement

Technological investment remains a critical strategic focus.

Technology Investment 2024 Metrics
Annual R&D Expenditure $18.3 million
Digital Platform Users 47,500 active users
New Technology Implementations 7 major system upgrades

Commitment to Professional Development

Employee growth and skill enhancement are paramount.

  • Annual Training Budget: $4.2 million
  • Employee Professional Certification Support: 100% reimbursement
  • Internal Promotion Rate: 63%

Social Responsibility

Corporate social responsibility initiatives demonstrate broader commitment.

CSR Initiative 2024 Contribution
Charitable Donations $1.7 million
Employee Volunteer Hours 4,250 total hours
Environmental Sustainability Projects 3 major initiatives

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