LOS ANGELES, Aug. 14, 2019 /PRNewswire/ -- B. Riley Wealth
Management, Inc., a full-service private wealth and investment
services firm and subsidiary of B. Riley Financial (NASDAQ:RILY)
("B. Riley"), today announced that Charles
(Chuck) Hastings was appointed President. Hastings
previously served in a dual role as Director of Wealth Management
Strategic Initiatives and as a portfolio manager for its affiliate,
B. Riley Asset Management.
"Chuck has been instrumental in spearheading the integration and
transformation of our wealth management business over the past two
years," said Bryant Riley, Chairman
and Co-Chief Executive Officer, B. Riley Financial. "His continued
focus on driving collaboration across the broader B. Riley platform
has supported our ability to expand our presence in strategic
markets through the addition of several experienced financial
advisors. We look forward to continued growth in this
business."
In his previous role, Hastings was responsible for helping
identify and hire established financial advisors to expand the
firm's network of full-service wealth management locations across
the United States. With over 160
financial advisors across 13 states, B. Riley Wealth Management
manages over 34,000 accounts and over $10
billion in assets under administration and expects to
continue to expand its presence in strategic markets across the
U.S. Its affiliated companies include B. Riley FBR, a full-service
investment bank and brokerage, and B. Riley Asset Management, an
SEC registered investment adviser which manages funds, separately
managed accounts and other investment products.
"We're pleased to announce Chuck's promotion to President of B.
Riley Wealth Management," said Philip
Zanone, CEO of B. Riley Wealth Management. "Very few
regional firms are as well capitalized with the access and
resources provided by our broad network. Chuck is the ideal person
to help bridge the capabilities of B. Riley Financial to our wealth
management business – and in doing so, he will help ensure that we
attract the best talent to serve our clients around the
country."
Prior to joining B. Riley, Hastings was Head Trader at GPS
Partners, a Los Angeles-based
hedge fund, where he managed all aspects of trading including
pricing and liquidity discovery and trade execution. Earlier in his
career, he served as a convertible bond trader at Morgan Stanley in
New York. Hastings holds a B.A. in
political science from Princeton
University, where he was also captain of the Varsity
Football team. He is based in Los
Angeles.
For more information, visit www.brileywealth.com.
About B. Riley Wealth Management
B. Riley Wealth
Management provides a full suite of investment management services
and solutions to individuals and families, small and large
businesses, non-profits, endowments and foundations, including
qualified retirement plans, trusts, foundations and endowments. Our
experienced financial advisors leverage the diverse resources and
expertise of our affiliated network of companies to help clients
create a sound financial strategy. The firm is a wholly-owned
subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), a publicly
traded, diversified financial services company. To learn more about
our services and to get in touch with a financial advisor near you,
visit www.brileywealth.com.
Media Contact:
Jo Anne
McCusker
B. Riley Financial
jmccusker@brileyfin.com
(646) 885-5425
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SOURCE B. Riley Wealth Management, Inc.