B. Riley Financial, headquartered in Los Angeles, California, is a leading diversified financial services company in the United States. The company was initially established in 1997 as Great American Group, specializing in appraisal, advisory, asset disposition, and retail solutions.

After a series of acquisitions and expansions, it evolved into B. Riley Financial in 2014, focusing on providing comprehensive financial solutions to businesses and individuals. B.

Riley Financial offers a wide range of products and services, including investment banking, capital markets advisory, mergers and acquisitions, valuation, wealth management, auction and liquidation services, asset management, alternative investment funds, and many more. Its subsidiaries play a vital role in delivering these services. For instance, B.

Riley Securities is the company's investment banking subsidiary, while B. Riley Wealth Management provides personalized financial advice and investment solutions. In terms of global operations, B.

Riley Financial has a significant presence in the United States, with offices in major cities across the country. Additionally, it operates globally through its strategic partnerships and alliances, allowing it to serve clients in international markets. Some noteworthy subsidiaries of the company include B.

Riley Capital Management, LLC, B. Riley Real Estate, LLC, and GlassRatner Advisory & Capital Group LLC. B.

Riley Financial has established a strong market position within the financial services industry. Its diverse offerings and expertise enable it to cater to a wide range of clients, from small businesses to large corporations. The company competes with other financial giants like JPMorgan Chase, Goldman Sachs, and Morgan Stanley.

While its global sales figures are not readily available, B. Riley Financial continues to expand its presence and maintain a competitive edge through strategic acquisitions and partnerships. In recent years, B.

Riley Financial has made significant strides in expanding its portfolio and capabilities. Notably, it completed the acquisition of FBR & Co. The company has been recognized for its achievements, such as being named Turnaround of the Year in 2019 by The M&A Advisor for its work on the Toys R Us bankruptcy case.

As of now, the latest updates on B. Riley Financial include its announcement of several acquisitions in 2021, including Alderney Advisors and GCP Capital Partners, expanding its investment banking and asset management divisions. These moves highlight the company's commitment to growth and diversification of its services.

Overall, B. Riley Financial is a renowned financial services company that offers a comprehensive range of solutions to clients worldwide. With a strong market position and a commitment to expansion, it continues to evolve and adapt to meet the diverse needs of its clients in an ever-changing financial landscape