B. Riley Wealth Advisors (BRWA) offers investment advice to individuals, trusts, estates, charitable organizations, corporations, and retirement plans. BRWA provides various programs to accommodate different investment goals and risk tolerances. Representatives operate under the supervision of BRWA, even if they use their own marketing names. BRWA acts as a fiduciary, meaning they are legally required to act in your best interest and disclose any conflicts of interest.
Fee Structure
B. Riley Wealth Advisors offers investment management through various programs. The Advisor-as-Portfolio Manager (APM) program allows your advisor to manage your account, potentially using outside managers. You'll pay an annual fee based on the value of your portfolio, which is negotiable up to a maximum. Transaction fees may be included or billed separately.
Third-Party Managed Programs are also available, utilizing the Envestnet platform. These programs also charge an annual fee based on the value of your portfolio, not exceeding 2.75%, which is negotiable. These programs may also be wrap fee programs.
Other third-party managed programs are available through Brinker, SEI, and AssetMark, with minimums starting at $500,000 for Brinker.