B. Riley Wealth Private Shares

B. Riley Wealth Private Shares, LLC is a registered investment adviser specializing in advising pooled investment vehicles, particularly private equity funds. Established in 2021, the firm is owned by B. Riley Wealth Management Holdings, Inc., a subsidiary of B. Riley Financial, Inc. The firm's investment strategy focuses on purchasing securities issued by privately held early or developmental-stage companies. Clients investing in the funds managed by BRWPS must be Accredited Investors, with a minimum investment amount specified in the fund's offering documents. BRWPS exercises discretion over fund assets, including selecting custodians and broker-dealers. The firm charges annual management fees and carried interest, deducted from fund assets. Clients are advised of the risks associated with investing in early-stage companies, including market volatility, lack of information, and illiquidity. BRWPS has a Code of Ethics to ensure the best interests of the funds and investors are prioritized. The firm does not engage in soft-dollar arrangements and has policies for voting client securities. Overall, BRWPS manages approximately $40,844,826 in fund assets as of December 31, 2024.