B Riley Financial Sells Advisory Services to TorQuest

B Riley Financial ( (RILY) ) just unveiled an update.

On June 27, 2025, B. Riley Financial announced the sale of its advisory services business, GlassRatner Advisory & Capital Group, LLC, and B. Riley Farber Advisory Inc., to TorQuest Partners for $117.8 million. This divestiture is expected to result in a gain of approximately $66 million for B. Riley in its Q2 financial results. The sale aligns with B. Riley’s strategy to focus on its middle-market investment bank and wealth management services, providing additional capital for growth initiatives. The transaction marks a new chapter for GlassRatner, which will continue to grow under TorQuest’s management.

Spark’s Take on RILY Stock

According to Spark, TipRanks’ AI Analyst, RILY is a Neutral.

B Riley Financial’s overall score reflects a struggling financial performance with ongoing losses and high leverage. Despite positive steps in corporate restructuring and partnerships aimed at reducing debt and enhancing growth, the technical indicators suggest bearish sentiment, and valuation metrics highlight profitability challenges. Addressing Nasdaq compliance and ensuring operational stability are critical for future improvement.

To see Spark’s full report on RILY stock, click here.

More about B Riley Financial

B. Riley Financial (BRF) is a diversified financial services company offering tailored solutions across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, appraisal and valuation, auction, and liquidation services. The company invests opportunistically to benefit shareholders and provides senior secured loans for asset-rich companies.

Average Trading Volume: 985,525

Technical Sentiment Signal: Sell

Current Market Cap: $97.9M

For detailed information about RILY stock, go to TipRanks’ Stock Analysis page.